Gulf sovereign wealth funds have also become major backers of the AI boom, pouring billions of dollars into infrastructure and chipmaking. Photo by JOEL SAGET/AFP via Getty Images/Postmedia files

Brookfield Asset Management Ltd. is targeting US$10 billion of fund commitments for a global artificial-intelligence infrastructure program in partnership with Nvidia Corp. and the Kuwait Investment Authority .

New York-based Brookfield said it will anchor the program with the Brookfield Artificial Intelligence Infrastructure Fund, which launches Wednesday. BAIIF has already received US$5 billion of capital commitments from institutional and industry partners, including Brookfield, Nvidia and the Kuwait Investment Authority, according to a statement Wednesday.

BAIIF plans to acquire as

See Full Page