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flag Brookfield's AI venture Radiant, valued at $1.3 billion, launched Feb. 27, 2026, by merging with UK’s Ori Industries to tackle global AI chip shortages.

flag Brookfield Asset Management's new AI infrastructure venture, Radiant, has been valued at $1.3 billion after merging with UK-based cloud company Ori Industries, according to sources and a document reviewed by Reuters. flag The deal, announced on February 27, 2026, combines Ori’s software expertise with Brookfield’s resources to provide on-demand access to AI chips. flag Ori’s investors rolled their stakes into Radiant, and Brookfield injected undisclosed capital. flag The company aims to address the global AI compute shortage and is part of a broader Brookfield fund targeting $10 billion in commitments. flag The UK is also expanding data-center capacity 20-fold by 2030 with public and private investments.

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