Brookfield and Qatar launch $20 billion AI infrastructure joint venture

Group 1 - Brookfield and Qai have established a $20 billion joint venture to develop AI infrastructure in Qatar and select international markets [1] - The joint venture aims to position Qatar as a leading AI hub in the Middle East and plans to create an Integrated Compute center to enhance regional access to high-performance computing capabilities [1] - Qatar's $500 billion sovereign wealth fund is setting up its own national AI company, Qai, following the trend of regional peers like the UAE and Saudi Arabia to become global AI hubs [2] Group 2 - The global demand for AI is driving significant investments in both software and physical infrastructure, particularly in data centers [3] - A McKinsey report estimates that a $5.2 trillion investment in data centers will be required by 2030 to meet worldwide AI demand [3] - Brookfield will invest in the joint venture through its Artificial Intelligence Infrastructure Fund, which aims to invest up to $100 billion globally [3]