Brookfield Asset Management is seeking $10 billion in equity for a new artificial intelligence infrastructure fund, expanding its global strategy to invest heavily in the backbone of the AI boom, the Wall Street Journal reported on Wednesday.

On September 22, Azerbaijan’s President Ilham Aliyev met in New York with Bruce Flatt, CEO of Brookfield Asset Management, one of the world’s largest alternative investment management companies.

UAE's Masdar is nearing a deal to acquire the Spanish renewable energy company Saeta Yield SA from Brookfield Asset Management, according to sources familiar with the discussions.