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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.
One company looking to lead the way with its next-generation nuclear technology is Oklo (NYSE: OKLO). According to data provided by S&P Global Market Intelligence, the company surged 101% higher ...
He is a board member of Oklo Inc., a nuclear technology company, and EMX Royalty, a royalty payment company for mineral rights and mining rights. [2] On November 16, 2024, President Donald Trump announced Wright as his nominee for the United States secretary of energy. He was confirmed by the United States Senate to the office on February 3 ...
Oklo went into the program in 2014, ... In 2018, Altman invested AI chip startup Rain Neuromorphics, based near OpenAI’s San Francisco headquarters. The next year OpenAI signed a letter of ...
[2] [77] In May 2024, Oklo Inc. completed a merger with the SPAC to become a public company. Altman remained as chairman of Oklo following the merger. [78] Altman debuted on the Bloomberg Billionaires Index in March 2024 with an estimated net worth of $2 billion, primarily from his venture capital funds related to Hydrazine Capital. [79]
In Oklo’s first earnings report since going public on Aug. 13, the company reported a net loss of about $53 million for the first six months of the year, wider than the roughly $9 million loss ...
The company was founded in 2009 by Kam Ghaffarian. [1] In January 2016, X-energy was provided a five-year grant of up to $40 million, as part of the DOE's Advanced Reactor Concept Cooperative Agreement to advance elements of their reactor development.
Oklo , backed by Sam Altman of OpenAI, went public through a SPAC in May and the shares have gained more than 80% since. The overall demand for electricity that’s expected from data centers has ...