Sam Altman backed nuclear startup Oklo inked a deal to supply 100MW of nuclear power to data center company Wyoming Hyperscale, it was announced last week. The news sent shares of NYSE-listed Oklo up more than 30% in trading on Friday. The companies signed a 'non-binding letter of intent outlining plans for the PPA, which will last for 10 years,' according to industry publication Data Center Dynamics.
The company's mission is 'to provide clean, reliable, affordable energy on a global scale through the design and deployment of next-generation fast reactor technology'. Backed by investors like Jeff Bezos, Bill Gates, and Peter Thiel, the who's who of the AI revolution, nuclear fusion startups are gaining traction.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more: