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Oklo Inc. is an advanced nuclear technology company based in Santa Clara, California. [1] [2] Founded in 2013 by Jacob DeWitte and Caroline Cochran, both graduates of the Massachusetts Institute of Technology (MIT), the company designs compact fast reactors with the aim of providing clean, safe, and affordable energy.
Peers like Nuscale Power jumped 34% during that period, and Nano Nuclear Energy was up 39%. Part of the gains in Oklo shares are likely related to Sam Altman, who owns roughly 6% of the company.
Altman was born on April 22, 1985, in Chicago, Illinois, [8] [9] into a Jewish family, [10] and grew up in St. Louis, Missouri. His mother is a dermatologist, while his father was a real estate broker.
Altman got involved with Oklo while he was president of startup incubator Y Combinator. Oklo went into the program in 2014, after an earlier meeting between Altman and DeWitte. In 2015, Altman ...
Sam Altman-backed nuclear power company Oklo has boomed on the stock market over the past month as investors look to nuclear energy as the next big AI trade.Shares in the company, which is ...
The site use permit, issued in December 2019 is not a Nuclear Regulatory Commission permit. It will use "recycled" high-assay, low-enriched uranium (HALEU) fuel originally fabricated for the Experimental Breeder Reactor II (EBR-II), [ 1 ] [ 2 ] [ 3 ] and if fully operational, would become "the first fuel-recycling commercial reactor in the ...
The startup, Oklo, will merge with AltC Acquisition Corp, co-founded by Sam Altman and Churchill Capital. Altman has long been a lead investor of Oklo, serving as chairman since 2015.
The company was founded in 2013 by David Kirtley, John Slough, Chris Pihl, and George Votroubek. [6] The management team won the 2013 National Cleantech Open Energy Generation competition and awards at the 2014 ARPA-E Future Energy Startup competition, [7] were members of the 2014 Y Combinator program, [8] and were awarded a 2015 ARPA-E ALPHA contract, "Staged Magnetic Compression of FRC ...