Brookfield Asset Management has unveiled plans to invest nearly $10 billion in constructing a large-scale artificial intelligence data center in Strängnäs, Sweden. This initiative represents one of the company's most significant AI investments in Europe.
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The project is expected to create over 1,000 permanent jobs and approximately 2,000 jobs during the 10-15 year construction phase. Brookfield aims to collaborate with the Swedish government, public authorities, academic institutions, and regional businesses to foster innovation and economic growth.
Sweden's Prime Minister, Ulf Kristersson, has expressed support for the initiative, highlighting the country's commitment to advancing its position in the global AI and technology sectors. This announcement follows news that U.S.-based tech company Nvidia will provide its latest AI data center technology to Swedish firms, further solidifying Sweden's role as a burgeoning hub for AI development.
The investment underscores the growing demand for AI infrastructure and the strategic importance of establishing data centers in regions with favorable conditions, such as Sweden's cool climate and robust renewable energy resources.
Brookfield's decision reflects a broader trend of significant investments in AI capabilities, positioning Sweden as a key player in the evolving digital landscape.