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Sam Altman takes nuclear energy company Oklo public to help power his AI ambitions

Oklo’s business model is based on commercializing nuclear fission, the reaction that fuels all nuclear power plants.

Oklo is currently working to build its first small-scale reactor in Idaho, which could eventually power the types of data centers that OpenAI and other artificial intelligence companies need to run their AI models and services. “SPACs haven’t exactly had the best performances in the past couple of years, so for us to have sort of the outcome that we’ve had here is obviously a function of the work we put in, but also what we’re building and also the fact that the market sees the opportunity sets here,” said DeWitte, who co-founded the company in 2013. The company has been working on a new application, which it isn’t aiming to submit to the NRC until early next year, DeWitte said, adding that it’s currently in the “pre-application engagement” stage with the commission.

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