Meta Platforms (META) just announced nuclear power agreements with three providers, including Sam Altman-backed Oklo (OKLO). Soon after the announcement, shares of Oklo, a small modular reactor (SMR) developer, rose 8% as Meta aims to secure carbon-free electricity for its artificial intelligence infrastructure. The deal validates Oklo’s business, which went public in 2024 through a SPAC merger. Altman co-founded Oklo and maintains a 4.3% stake in the company, valued at over $600 million today. More New ...

Core Insights - Meta has announced agreements with three nuclear power providers to support its AI ambitions, including Vistra, TerraPower, and Oklo [1][2] - The projects are expected to add 6.6 gigawatts of power by 2035, surpassing New Hampshire's total demand [3] - Meta's Prometheus supercluster computing system is a key component of its advanced AI development, expected to be operational by 2026 [2][4] Group 1: Agreements and Projects - Meta's agreements with the three nuclear companies aim to secure energy for its Prometheus supercluster computing system [2] - The company will help fund Vistra's nuclear power plants in Ohio and Pennsylvania, enhancing their energy production [4] - TerraPower's projects, funded by Meta, could start generating power by 2032, with potential rights for additional energy from other projects by 2035 [6] Group 2: Job Creation and Industry Impact - The agreements are projected to create thousands of construction jobs and hundreds of long-term operational jobs [4] - Meta's initiatives align with broader industry efforts, as it, Amazon, and Google pledged to triple global nuclear energy production by 2050 [5] Group 3: Strategic Partnerships - OpenAI CEO Sam Altman is a significant investor in Oklo, which is developing advanced nuclear technology [7] - Altman has stepped down from Oklo's board to facilitate customer acquisition with competing companies [7]