Brookfield Corporation chief executive Bruce Flatt told investors at the company’s 2026 Investor Day in New York on Sept. 17 that the artificial intelligence race is slowing, arguing developers cannot build power and computing capacity fast enough to keep pace with demand.
Flatt framed the constraint as a physical one rather than a financial one, saying the bottleneck is the ability to build, not a shortage of capital available to fund it. Brookfield estimates AI infrastructure will require more than US$7 trillion of capital over the next decade, according to material presented at the event and subsequent coverage of Flatt’s remarks.
The Toronto-based alternative asset manager said in a Sept. 14 news release that it would hold the session in New York on Sept. 17, with Brookfield Asset Management presenting from 12:45 p.m. to 2:45 p.m. ET and Brookfield Corporation following from 3 p.m. to 5 p.m. ET, both webcast live with replays posted to the firms’ investor relations websites. Transcripts of both sessions were subsequently published by Seeking Alpha, and Flatt appeared on CNBC from the event.
Forbes lists Flatt’s net worth at US$6.8 billion, ranking him 612th on its 2026 Billionaires List. Forbes describes Brookfield Corporation as an alternative investment firm with roughly US$1 trillion in assets across real estate, infrastructure and private equity.
Flatt remains chief executive of Brookfield Corporation. Connor Teskey succeeded him as chief executive of Brookfield Asset Management in February 2026, with Flatt staying on the board.
Brookfield has been among the most visible Canadian-led capital pools in the global data centre and power buildout, and Flatt’s comments place the firm’s view squarely on the supply side of that trade: that the money is available, and the constraint is how quickly electricity and compute can physically be delivered.
Figures in this report are attributed to Forbes and to Brookfield’s own disclosures. Canada News Media does not independently estimate net worth.
