Brookfield Asset Management Ltd. (BAM), an alternative asset manager, Wednesday announced the launch of a $100 billion global AI Infrastructure program in association with NVIDIA Corp. (NVDA), and the Kuwait Investment Authority or KIA.
Brookfield will bolster the program with the Brookfield Artificial Intelligence Infrastructure Fund, or BAIIF, with a target of $10 billion in equity commitments to invest in the backbone of artificial intelligence, set to launch on Wednesday.
Notably, BAIIF has already secured $5 billion in capital commitments from a select group of institutional and industry partners, including Brookfield, NVIDIA, and KIA.
BAIIF, together with additional capital from its co-investors and financing, aims to acquire up to $100 billion of AI infrastructure assets, releasing investment across the stages of the value chain from energy, land, data centres and compute.
In the pre-market hours, the BAM shares are trading 0.34 percent higher at $50.06 on the NYSE.
In the pre-market hours, the NVDA shares are trading 1.51 percent higher at $184.14 on the NasdaqGS.
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June 19, 2026 16:46 ET Major central banks continued to dominate the economic news flow this week too, led by the Federal Reserve, as they announced their latest policy decisions. The Federal Reserve policy session was in focus as it was the first to be led by the new chief Kevin Warsh. In Europe, central banks of the U.K. and Switzerland announced their rate decisions. In Asia, the Bank of Japan drew attention for its policy moves, while data out of China threw some light on the state of the economy.