Brookfield Asset Management to Launch Cloud Business Focused on Lower-Cost AI Infrastructure
Analysis
The article reports on Brookfield Asset Management's potential entry into the cloud computing market, specifically targeting AI infrastructure. This could disrupt the existing dominance of major players like AWS and Microsoft by offering lower-cost AI chip leasing. The focus on AI chips suggests a strategic move to capitalize on the growing demand for AI-related computing resources. The article highlights the potential for competition and innovation in the cloud infrastructure space.
Key Takeaways
- •Brookfield Asset Management is planning to launch a cloud computing business.
- •The business will focus on leasing AI chips to customers.
- •This could challenge existing cloud infrastructure giants like AWS and Microsoft.
- •The focus is on providing lower-cost AI infrastructure.
Reference
“Brookfield Asset Management Ltd., one of the world’s largest alternative investment management firms, could become an unlikely rival to cloud infrastructure giants such as Amazon Web Services Inc. and Microsoft Corp.”