Brookfield's New AI Unit Radiant Valued at $1.3 Billion After UK Startup Merger

Brookfield's new AI unit Radiant has been valued at $1.3 billion after merging with a UK startup, according to sources familiar with the matter.

The merger marks a significant move by the infrastructure giant into the artificial intelligence space, leveraging the startup's technology and expertise.

This valuation highlights the growing interest from traditional infrastructure and financial firms in AI technologies as the sector continues to boom.

The AI unit will focus on developing enterprise-grade AI solutions for infrastructure and operational applications.

Source: Reuters