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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.
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.
The deal, announced on February 27, 2026, combines Ori’s software expertise with Brookfield’s resources to provide on-demand access to AI chips.
Ori’s investors rolled their stakes into Radiant, and Brookfield injected undisclosed capital.
The company aims to address the global AI compute shortage and is part of a broader Brookfield fund targeting $10 billion in commitments.
The UK is also expanding data-center capacity 20-fold by 2030 with public and private investments.
La empresa de IA de Brookfield, Radiant, valorada en $ 1.3 mil millones, se lanzó el 27 de febrero de 2026, al fusionarse con Ori Industries del Reino Unido para abordar la escasez global de chips de IA.