1、M FoundationBrookfield Corporation|North America Humanoids and Figure AI Partnership-Initial Thoughts Brookfield seeking to unlock value from deploying humanoids across their$1tr portfolio of companies/assets with their Figure AI strategic partnership.Supports OW call as BN creatively looks to extra

2、ct greater returns,while expanding AI capabilities.Brookfield Corporation(BN)and Figure AI,a start-up developing autonomous humanoid robots,announced a strategic partnership.BN invested balance sheet capital,receiving convertible senior preferred shares in a series C funding round with other LPs tha

3、t values Figure AI at$39b.Figure AI is developing a vision-language-action(VLA)model called Helix for humanoid robot control;BN will allow Figure AI access to their suite of portfolio companies across industrials,real estate,supply-chain logistics,essential services,etc.,providing data to help effec

4、tively scale the Helix VLA model across a number of relevant industries and applications.We view Brookfield as a leader in executing holistic AI-infrastructure solutions for large scale governments and enterprises,and see todays announcement as a step towards creating expertise in another quickly de

5、veloping AI-adjacent field,humanoid robots.Todays announcement follows multiple Brookfield deals around AI this year,including in February 2025 when Brookfield announced at the Artificial Intelligence Action Summit a 20 billion strategic partnership with the French government to support the developm

6、ent of AI infrastructure in France.In June 2025,Brookfield announced a deal with the Swedish government to invest up to SEK 95b($10b)to support the development of AI infrastructure in Sweden.Brookfields vast footprint globally make it a unique partner to help Figure AI build the largest pre training