AI & Technology
Brookfield forms Radiant through Ori acquisition to lease AI chips
Brookfield folded cloud-compute startup Ori into a new unit, Radiant, to buy and lease specialized AI accelerators to governments, hyperscalers and enterprises. The move is part of a broader, multi‑track capital-for-compute surge — ranging from asset managers underwriting GPU fleets (reported Apollo/xAI financings) to venture‑and‑asset‑manager rounds for inference ASIC startups (for example, a reported €/$250m Axelera raise backed by Innovation Industries, BlackRock and Samsung Catalyst) — that creates different risk profiles (design/manufacturing risk versus vendor/lender concentration) and elevates the importance of software, remarketing and regulatory safeguards.