CI Global Asset Management has acquired the management agreements for Invesco Canada's fund business, adding approximately C$27 billion in assets and bringing CI GAM's total assets under management to about C$175 billion. In other news, OpenAI has begun construction on a 1-gigawatt data center in Saline, Michigan, named The Barn, which is projected to generate $1 billion in tax revenue over its lease term. AI
IMPACT OpenAI's new data center signals continued investment in AI infrastructure, potentially supporting future model development and deployment.
RANK_REASON Acquisition of a significant fund management business and groundbreaking of a major AI data center. [lever_c_demoted from significant: ic=1 ai=0.7]
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