(Bloomberg) – Brookfield Asset Management Plans to Invest Up to 95 Billion Kronor ($ 9.9 Billion) Developing Artificial Intelligence Infrastructure in Sweden that will take 1 to 15 years to 15 years.
The new york-based asset manager plans to purchase additional land at a site in strangnas-some 55 mills west of stockholm-that will create Evently House a 750-Megawatt data, more Plan, according to a statement on wedding. The so-called ai factory will be the first of its kind in the Nordic Nation, Brookfield said.
“Building ai hubs in europe will ensure the Continent Can Compete on a Global Scale, Supporting Continued Innovation and Providing Necessary Compute to Bost Busines and Individuals,” of Europe, Sikander Rashid, said in emailed comments.
Securing Enough Power will be a Crucial Goal for the Project in a Country Alardy Facing a swathe of electrification needs and capacity challenges in its Electricity.
“We are making progress with the regional grid owner and the national grid operator, which is normal for these types of larger scale projects,” Rashid Told Bloomberg.
The Investment Decision Comes After Brookfield Announced in February a € 20 billion ($ 23 billion) plan to develop ai centers in france – a move halted by freench precedent emanuel macron aT the time.
In Sweden, The Race to Build Out Ai Infrastructure Recently Won the Backing Nvidia Corp. And a group of companies controlled by the country’s influential wallenberg family. Togeether, they are planning to develop a supercomputer and ai technology center that will in turn benefit
Prime Minister ULF KRISTERSON SAID in Emailed Comments that The Project by Brookfield Marked One of the Larges Investments in Ai Infrastructure in Sweden, Reflecting Alaso the Government also.
“I find it particularly fun that it is in my hometown,” krisson added.
-With assistance from jonas ekblom.
(Adds comments from Sweden’s prime minister in final two paragraphs.)
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