Brookfield Asset Management announced the launch of a $100 billion global AI infrastructure program in partnership with NVIDIA (NASDAQ: NVDA) and the Kuwait Investment Authority.

The program centers on the Brookfield Artificial Intelligence Infrastructure Fund, which targets $10 billion in equity commitments. The fund has secured $5 billion in capital commitments from institutional and industry partners, including Brookfield, NVIDIA and KIA.

The fund, combined with co-investor capital and financing, will acquire up to $100 billion of AI infrastructure assets across the value chain, including energy, land, data centers and compute infrastructure.

Sikander Rashid, Head of AI Infrastructure at Brookfield, said the AI buildout will require $7 trillion of capital over the next 10 years across power, compute, data centers and related infrastructure.

"AI infrastructure demands land, power, and purpose-built supercomputers—and our partnership with Brookfield brings all of these elements together in a ready-to-deploy AI cloud," said Jensen Huang, founder and CEO of NVIDIA.

The fund will focus on four investment areas: AI factories built on NVIDIA's DSX Vera Rubin-ready reference design, dedicated behind-the-meter power solutions, compute infrastructure for governments and enterprises, and strategic partnerships across the AI value chain.

Brookfield announced a $5 billion framework agreement with Bloom Energy to install up to 1 GW of behind-the-meter power solutions for data centers and AI factories. The company is launching Radiant, a new NVIDIA Cloud Partner, to provide AI services using Brookfield's infrastructure assets.

Brookfield has announced partnerships in France and Sweden involving up to $30 billion of combined AI infrastructure investment to support their national AI programs.