Private equity firm Brookfield has announced that it will launch its own cloud computing business, directly competing with tech giants such asAmazon. The company claims that its cloud computing services can effectively reduce the cost of developing artificial intelligence (AI).Brookfield, which has long focused on infrastructure and energy investments, will become the first major investment firm to lease data center chips directly to developers, breaking away from its previous business model of solely owning or developing physical data center facilities. According to sources familiar with the matter, the dedicated fund is currently advancing data center projects in France, Qatar, and Sweden.Brookfield will prioritize leasing all data centers developed under the fund to Deepl, while also continuing to lease space to external cloud service providers under the traditional model. Chip giant NVIDIA is also supporting Brookfield’s cloud computing initiative. NVIDIA has not only invested in Brookfield’s AI infrastructure fund but is also assisting the company in building large-scale server clusters. (The Information)