Brookfield-owned cloud company Radiant has merged with UK-based AI cloud provider Ori Industries.
Radiant was launched last November as part of the $10 billion Brookfield Artificial Intelligence Infrastructure Fund (BAIIF), with plans to build and acquire as much as $100 billion worth of AI infrastructure.
That money is not solely for Radiant, and includes other data center and AI energy investments. However, Brookfield said that the BAIIF fund will ensure that Radiant has the long-term capital required to build its cloud business.
The company’s compute infrastructure will be based on the Nvidia DSX reference design, and is set to be pitched to sovereign governments, select global enterprises and telecommunication providers under long term contracts.
The Ori Global AI Cloud will continue to operate, focused on on-demand capacity and rapid deployment, as a GPU-as-a-Service operation.
Founded in 2018, Ori operates out of more than 20 data centers around the world, including facilities run by Kao, EdgeConneX, and Centersquare. Radiant said that it will expand Ori cloud with the latest Nvidia hardware.
Terms of the acquisition were not disclosed.
“For more than seven years, our team has been building toward this moment – designing software that could enable infrastructure for AI at scale,” Mahdi Yahya, founder and CEO of Ori and president of Radiant, said.
“It was immediately apparent that Brookfield was the ideal partner for Ori. Through Radiant we can challenge the supply-demand imbalance that has defined AI since the release of advanced LLMs in 2023. With deep, structural advantages in capital costs, powered land, compute, and software, Radiant is building the infrastructure to enable a global age of abundance for AI.”
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