Brookfield Asset Management plans to invest up to 95 billion Swedish crowns ($9.9 billion) to build a data centre for artificial intelligence in Sweden, the Canadian company said in a statement on Wednesday.

Brookfield Asset Management (NYSE:BAM) plans to invest up to SEK 95B (~$9.9B–$10B) to build a major artificial intelligence data center in Sweden, marking its largest AI-related projects in Europe. The project is expected to create over 1,

Brookfield Asset Management plans to invest up to 95 billion kronor ($9.9 billion) developing artificial intelligence infrastructure in Sweden that will take 10 to 15 years to construct.