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NVDAThe AI boom needs a landlord
Brookfield isn’t just buying buildings and utilities anymore — it’s helping build the digital plumbing behind the AI boom. In this deal, Brookfield, NAVER, and NVIDIA are planning a multi-tenant AI cloud infrastructure expansion in Korea, centered on the GAK Sejong data center.
The headline number is the kind that makes infrastructure folks grin: the site is expected to grow from 55 megawatts to 200 megawatts by 2028. That’s not a tweak. That’s a full-on scaling mission, the kind of thing you do when you think demand for AI compute is going to keep chewing through power like it’s popcorn.
Why investors should care
For Brookfield, this is a reminder that its AI story isn’t just about owning assets — it’s about owning the backbone of the AI economy. If companies, governments, and cloud customers keep chasing sovereign AI capacity, the people providing land, capital, and infrastructure get a seat at the grown-ups’ table.
For NVIDIA, the deal helps push its DSX platform deeper into the “full-stack” AI factory narrative. And for the market, it’s another data point that the AI arms race is no longer just about who has the best model. It’s also about who can power, cool, and house the thing without blowing up the grid.
Big picture
If AI is the new gold rush, Brookfield is playing the role of the company selling shovels, water, and the plot of land under the whole camp. Not glamorous — but usually very profitable.