Brookfield's Bruce Flatt talks Succession Plan, AI and Strategy on Bloomberg

Bruce Flatt, CEO of Brookfield, discusses his transition in leadership at Brookfield Asset Management, handing over the reins to Conor Teske while he remains chair and CEO of the parent company. Flatt emphasizes the importance of succession planning and bringing in new energy. The conversation shifts to Brookfield's investment in AI infrastructure, where Flatt sees under-investment in the private market due to the difficulty of entitling land and securing power. He highlights the company's partnership with the U.S. government and Westinghouse to expand nuclear energy, addressing the critical need for baseload power to support AI growth. Flatt also touches on Brookfield's acquisition of the rest of OakTree, emphasizing the value of maintaining both brands, and notes potential opportunities in credit markets, particularly in software, due to recent market shifts.