RIO DE JANEIRO, July 1 (Reuters) - Brazil's state development bank BNDES [RIC:RIC:BNDES.UL] is considering creating an investment fund focused on AI and data centers, planning executive Nelson Barbosa said on Tuesday.

The fund, which would be part of a broader BNDES initiative to resume investments in equities, could receive an allocation ranging from 500 million reais to 1 billion reais ($91.93-183.86 million), he added.

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($1 = 5.4390 reais)

https://www.reuters.com/world/americas/brazil-state-development-bank-mulls-ai-data-center-focused-investment-fund-2025-07-01/