Brookfield Corp. leans into AI for growth with US$178 billion in ready capital

TORONTO – The scale of demand for energy and infrastructure to support AI growth is leading Brookfield Corp. to invest most of its time and money on the sector, the company says.

“Most of the capital deployment, and the focus that we have today, is around building the backbone infrastructure to support the buildout of AI,” said Nick Goodman, president and CFO, on an earnings call Thursday.

The investing giant is well-positioned because of its significant holdings in renewable and nuclear energy, while it’s also looking to soon launch a data centre and AI fund, he said.

“We have a very unique position around that, given our capability and our global reach.”

The focus is already translating into deals. At the end of October, Brookfield and Cameco Corp. announced a partnership agreement with the U.S. government to help build nuclear reactors in the United States, through Westinghouse Electric Co. the two bought in 2023.

Under the deal, the U.S. government will arrange financing and facilitate the permitting and approvals for at least US$80 billion worth of new Westinghouse nuclear reactors in the U.S.

Through Westinghouse, Brookfield will help deliver the nuclear facilities, along with providing service and fuel rods. 

The nuclear space is often fraught with cost issues, but Goodman said the company would be sure to structure any involvement in a way to provide strong downside protection.

There have also been rising questions about the overall scale of investments in AI, and whether the pace is sustainable, but Goodman said he doesn’t see it letting up any time soon. 

“The quality of the opportunities are probably the best we’ve ever seen,” he said.

“I don’t think we foresee in the short term any shortage of opportunities to deploy, and probably even in the medium and long term.”

Along with AI, the company is also investing in human-like robots, with a deal announced in September with Figure AI Inc. 

Brookfield is providing its vast residential, office and logistics holdings to let Figure use human video capture to gather critical AI training data to teach its robots how to move, perceive and act across a variety of “human-centric” spaces.

“We are providing access to our portfolio of real assets to create the real-world environments needed to develop, train, and deploy this technology safely and effectively,” said Brookfield CEO Bruce Flatt on the call.

“Positioning us, most importantly, at the forefront of one of the most significant technological advances of the coming decades.”

The investments in the new technology sectors come as the diversified company also expands in more conventional fields like reinsurance, where it signed its first deal in Japan in the quarter.

And while the company has been investing in numerous opportunities, it’s also been cashing out of numerous past investments, making some US$75 billion in asset sales so far this year.

Goodman said sales range from the IPO of Rockpoint Gas Storage Inc. in October, which brought in C$810 million to make it the largest debut on the Toronto Stock Exchange since May 2022, to the sale of a manufactured housing portfolio in the U.S. for US$2.5 billion.

Revenue for the quarter totalled US$18.92 billion, down from US$20.62 billion a year ago.

Reported net income attributable to shareholders came in at US$219 million for its latest quarter, up from US$64 million a year ago.

The company, which keeps its books in U.S. dollars, said the profit amounted to eight cents US per diluted share for the quarter ended Sept. 30, up from a profit of a penny US per share in the same quarter last year.

Brookfield said its distributable earnings for the quarter amounted to 63 cents US per share, up from 56 cents US per share a year ago.

Goodman said the quarter was supported by record results in its asset management business, sustained organic growth across its wealth solutions operations and the resilience of its operating businesses.

The company said it ended the quarter with a record US$178 billion of capital available to deploy into new investments.

“Looking ahead, despite our size and scale today, our growth potential is greater than it has ever been,” said Flatt. 

This report by The Canadian Press was first published Nov. 13, 2025.

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