Brookfield’s new AI unit Radiant valued at $1.3 billion after merger with UK startup

LONDON: Brookfield Asset Management’s new AI infrastructure company Radiant has been valued at $1.3 billion after merging with London-based cloud computing firm Ori Industries, according to three people with knowledge of the matter and a document seen by Reuters.

Radiant, a new company the Canadian asset manager created to provide on-demand access to artificial intelligence chips, said it had combined with Ori in a deal announced on Tuesday without disclosing any financial terms.