From AI To Nuclear
After his successes with global AI phenomena like Chat-GPT and DALLE, OpenAI CEO Sam Altman recently made headlines as he moves to a new industry. Nuclear fission startup Oklo has made plans to go public, backed by Altman. Based in California, Oklo has already amassed a valuation of over $850 million, with ultimate plans to transform the innovative nuclear-energy industry. Initially, Oklo plans to use funds to build a fleet of smaller nuclear power plants to solve time and budget issues seen in larger nuclear projects before them. To make revenue, Oklo hopes to utilize similar business models from wind and solar companies, selling electricity to firms that require carbon-free power.
Like his compatriot Elon Musk, Sam Altman seems to be diversifying his business ownership to newer, disruptive technologies. Just as Musk entered the e-commerce, EV, and space technology industries, Altman’s investment in nuclear bodes well for the sector. With high hopes but smaller results, several have speculated that although nuclear energy is the future, it will take decades to perfect it and overthrow the non-renewable empire. Like solar, nuclear fission generates electricity without any greenhouse gas emissions, however, without the necessity of sunlight it can functionally operate throughout the entirety of the day. Previously, Altman also backed another nuclear startup named Helion Energy, which has already made strides in partnering with Microsoft to offer clean electricity. Although different industries, Altman states his commitment is to the consumer, hoping to bring both energy and artificial intelligence to millions across the nation at cheap prices.
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I am not a financial advisor and my comments should never be taken as financial advice. Investments come with risk, so always do your research and analysis beforehand.