Brookfield acquires Ori Industries to expand its AI chip leasing business — Bloomberg

LootboxPhobia · 2026-02-25T00:37:44+00:00

Brookfield Asset Management acquires cloud computing company Ori Industries and establishes Radiant, offering on-demand AI chip services. Radiant will serve enterprises and governments that require sovereign clouds to reduce costs and avoid waiting for chips. Brookfield plans to lock in chip rental rates to hedge against losses, as the AI sector is expected to require significant investment.

LootboxPhobia

2026-02-25 00:37:44

Abstract generation in progress

Investing.com - According to Bloomberg, Brookfield Asset Management acquired cloud computing company Ori Industries on Tuesday and merged it into Radiant—a newly established company aimed at providing on-demand access to AI chips. The financial terms were not disclosed. Ori Industries was previously supported by Saudi Aramco’s venture capital arm.

Radiant will collaborate with enterprises and governments seeking to build sovereign clouds, which are highly controlled computing environments where data cannot cross borders. The service aims to meet customer needs for cost reduction and avoiding long wait times for chips.

Brookfield is structuring contracts to lock in rental payments over an estimated five-year chip lifecycle to prevent losses. It is expected that investment-grade clients will pay full price even if they no longer need the chips. Sikander Rashid, head of Brookfield’s AI infrastructure, said, “We will not bear any technical risk in this business.”

Other infrastructure investors have avoided large bets on GPU-as-a-Service companies due to concerns that chips may depreciate or become obsolete. Brookfield has previously invested in utilities and data centers and is now expanding its AI infrastructure holdings.

Brookfield estimates that AI will require $70 trillion in capital investment, with computing infrastructure accounting for $30 trillion. Rashid stated, “I see this as a leasing business. We hope to be among the first to unlock large-scale capital for this theme.”

This article was translated with the assistance of artificial intelligence. For more information, see our Terms of Use.

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.