Canada: AI money in and out

Bell Canada, via Bell AI Fabric, plans up to C$52.5B for 900 MW of new AI capacity in Saskatchewan (a 1.2 GW hub), welcomed by the federal government.

Meta will build its first Canadian data centre, a 1 GW AI campus in Sturgeon County north of Edmonton worth about C$13B, powered by a Pembina gas plant.

Microsoft announced C$19B in Canada for 2023-2027, including over C$7.5B in the next two years to expand Azure regions, plus a five-point sovereignty plan.

QIA's AI company Qai and Brookfield form a $20B joint venture for AI infrastructure in Qatar and abroad.

Nvidia is a founding partner of Brookfield's AI program (BAIIF fund with $10 billion of equity, up to $100 billion with debt) that will build AI factories on Nvidia designs.

Brookfield invests up to $5 billion to install Bloom Energy fuel cells at its AI factories, with power generated on site without the grid.

Google signs a framework agreement for up to 3,000 MW of hydroelectric power with Brookfield; the first 20-year contracts (Holtwood and Safe Harbor) are worth over $3 billion.

Brookfield will invest up to SEK 95B in an AI data centre at Strängnäs near Stockholm, growing the project from 300 to 750 MW over 10-15 years.

At the Paris AI Action Summit Brookfield pledged €20B for French AI infrastructure by 2030: up to €15B for its Data4 data centres (including a reported 1 GW Cambrai campus) and €5B for energy and networks.