Bruce Flatt

You take Brookfield, for example.

I have tremendous respect for Bruce Flatt, who runs Brookfield.

He's done an amazing job over the last 25, 30 years.

And yeah, a good 25 years that he's been there.

But on the flip side is its peer Westinghouse, which is on file confidentially, and we were able to confirm last week that it will be seeking around a $50 billion valuation in an IPO.

And I asked Bruce Flatt about this last week because his firm Brookfield owns a majority stake in Westinghouse, and he said the biggest impediment to data centers is power and that nuclear is a broader solve, not just for fueling AI, but for upgrading grids nationwide.

And the last thing I'd mention, Scott, is that data center company nScale actually disclosed its IPO, its, or sorry, its S1 on Friday.

So it really seems undeterred by some of the slowdowns in the IPO process elsewhere.

Es un paso concreto hacia convertir a Muse en una presencia permanente en el escritorio y no solo en un asistente de teléfono.

Mientras tanto, el CEO de Brookfield, Bruce Flatt, ofreció el viernes una lectura contundente sobre infraestructura.

Les dijo a los inversores que la IA está, en sus palabras, desacelerándose de todas formas, porque los constructores simplemente no pueden seguir el ritmo de la demanda de centros de datos.

Un contrapeso notable a los agresivos pronósticos de capacidad que dominan las llamadas de resultados este trimestre.

[laughs]

Um, but, you know, to your point, we did hear from Bruce Flatt of Brookfield on this show yesterday, and when I asked him what your main concern is with regard to the AI infrastructure build-out, it was not the safety concerns or the slowing of the pace of the models or Holtec pulling its IPO, or not pulling it, but delaying its IPO.

That's a nuclear provider that's seen lever to, to this, uh, this trend.

It was compute and the access to energy, and that's still just a supply issue for them.

Leslie.

Hey, Mike, thank you, and thank you, Bruce Flatt, for taking the time to join us from your Investor Day today.

It is a, a big day just in terms of market themes, uh, the most prominent perhaps being the FOMC meeting yesterday, decision to hike interest rates.

You have a bunch of interest rate sensitive businesses, whether it's insurance or credit or real estate, and I'm curious, given what you've heard over the last, you know, 22 hours or so, how do you think about financial conditions right now and the Fed's decision?

And I- Capital formation has to be developed to, um, facilitate the large scale use of capital in this industry.

All right.

Bruce Flatt, thank you so much for taking time from Brookfield's Investor Day today here in New York City.

Really appreciate it.