Nov 19 (Reuters) -

Brookfield Asset Management ( BAM ) said on Wednesday it had

launched a $100 billion AI infrastructure program in partnership

with Nvidia ( NVDA ) and Kuwait Investment Authority.

The program will be anchored by a new Brookfield

Artificial Intelligence Infrastructure Fund, which is launching

on Wednesday with a target of $10 billion in equity commitments.

The fund has already secured $5 billion from investors

including Brookfield, chipmaker Nvidia ( NVDA ) and KIA.

Brookfield is one of the world's largest investors in the

AI value chain, with more than 100 billion euros ($115.83

billion) invested across digital infrastructure, renewable power

and semiconductor manufacturing worldwide.

Investor appetite for AI companies remains robust despite

growing warnings of an AI bubble, fueled by soaring valuations

and aggressive spending plans.

($1 = 0.8633 euros)

(Reporting by Devika Nair and Harshita Mary Varghese in

Bengaluru; Editing by Sonia Cheema and Anil D'Silva)