The investment is part of the New York-based asset manager’s efforts to secure the infrastructure needed to power AI technology.

Brookfield Asset Management (NYSE:BAM) plans to invest up to SEK 95B (~$9.9B–$10B) to build a major artificial intelligence data center in Sweden, marking its largest AI-related projects in Europe. The project is expected to create over 1,

Brookfield Asset Management plans to spend up to 95 billion kronor ($9.9 billion) on an AI data center in Strängnäs, Sweden.