Brookfield To Advance AI Infrastructure in Sweden Through SEK 95 Billion Investment

Core Insights - Brookfield Asset Management announced an investment of up to SEK 95 billion ($10 billion) to develop AI infrastructure in Sweden, marking one of its largest AI investments in Europe and strengthening its partnership with the Swedish government and local entities [1][2][3] Investment Details - The investment will focus on a new AI center in Strängnäs, Sweden, which will support the national AI strategy and significantly increase the data center's capacity from 300MW to 750MW by acquiring approximately 350,000 sqm of additional land [2][3] - The new facility is expected to create over 1,000 permanent jobs and an additional 2,000 jobs during the 10-15 year construction period, making it the first of its kind in Sweden and one of the first in Europe [2][3] Strategic Importance - The investment is part of Brookfield's broader strategy to enhance AI infrastructure, which includes not only data centers but also data transfer, chip storage, and energy generation, aimed at boosting sovereign compute capabilities for both public and private sectors in Europe [3] - Brookfield has invested over €100 billion globally in the AI value chain, including a recent €20 billion infrastructure investment program in France, which features a €10 billion investment in the first AI factory in the country [3] Historical Context - Brookfield has been actively investing in Sweden since 2018, with a diverse portfolio that includes telecom towers, renewable power, social infrastructure, and logistics assets [4]