Brookfield Asset Management has acquired Ori Industries, a UK-based AI cloud infrastructure startup backed by Saudi Aramco's venture arm Wa'ed Ventures, and merged it into Radiant, a new vertically integrated AI infrastructure company. Terms were not disclosed.
Ori founder Mahdi Yahya becomes Radiant's president, and Wa'ed Ventures is expected to continue holding a stake in the combined entity, per Bloomberg.
Radiant is the first compute deployment vehicle and second seed investment from Brookfield's AI Infrastructure Fund (BAIIF), which is seeking $10 billion in investor commitments and expects additional investments and debt to push its total AI initiative to as much as $100 billion. The fund's existing backers include Nvidia, which contributed to the initial $5 billion equity raise and will supply chips to Radiant, including forthcoming Rubin processors designed for agentic AI systems.
Radiant will build and operate what Brookfield describes as "AI factories" using the Nvidia DSX reference design, leasing compute capacity to sovereign governments, large enterprises, and telecoms providers under long-term contracts structured across the estimated five-year life of a chip. Brookfield is framing the business as infrastructure, not technology. "I think of it as a leasing business," said Sikander Rashid, Brookfield's head of AI infrastructure. "We will not be taking any technology risk in this business." Contracts will require customers, expected to be investment-grade, to pay full freight even if they no longer need the capacity.
The deal gives Radiant Ori's distributed AI cloud platform, which operates across more than 20 data centres in North America and Europe. The Ori Global AI Cloud will continue to run as a separate offering for customers needing on-demand capacity and rapid deployment. Radiant will expand the platform with the latest Nvidia hardware.
The Saudi connection is significant. Wa'ed Ventures, Aramco's $500 million venture capital arm, made a strategic investment in Ori in February 2025, designed to accelerate the startup's localisation in Saudi Arabia. That deal included plans to launch a Riyadh-based subsidiary focused on powering AI workloads across the MENA region and contributing to Vision 2030's technology development goals. Wa'ed has separately backed AI chipmaker Rebellions and Dubai proptech Stake.
Yahya, previously served as CEO of Sama Telecom, one of the largest carrier networks in the Middle East. Ori was founded in 2018 and was among the first UK companies to deploy Nvidia's H200 chips.
The Middle East features prominently in Radiant's expansion plans. Brookfield is building a data centre campus in Qatar with QAI, a Qatar Investment Authority subsidiary, and plans to lease Radiant compute capacity from that facility.
The AI fund is also part of Brookfield's broader push to deepen relationships across the Gulf. Brookfield estimates AI will require $7 trillion in total capital investment globally, with computing infrastructure alone calling for $3 trillion.
