Brookfield Asset Management plans $10 bln data centre for AI in Sweden
STOCKHOLM:
Brookfield Asset Management
(BAM) plans to invest up to 95 billion Swedish crowns ($9.91 billion) to build a
data centre
for
artificial intelligence
in
Sweden
, the Canadian company said in a statement on Wednesday.
BAM said the site in the Swedish city of Strangnas west of Stockholm will create more than 1,000 permanent jobs and around 2,000 jobs during a 10-15 year construction process.
"This investment represents one of Brookfield's largest AI investments in Europe and extends the partnership with the Swedish government, its public authorities, academia and businesses in the region," the company said in the statement.
Swedish Prime Minister Ulf Kristersson welcomed the announcement, he said on social media X.
U.S. tech group
Nvidia
last month announced that it will provide its latest generation AI data centre platform to a group of Swedish companies, including telecoms gear maker
Ericsson
and drug developer AstraZeneca.
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