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Sam Altman's nuclear energy company Oklo plunges 54% in NYSE debut

Sam Altman, best known as the CEO of OpenAI, is also chairman of a nuclear power company called Oklo, which has just gone public through a SPAC.

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. Just before his brief ouster as OpenAI CEO in November, he was reportedly seeking billions of dollars for a chip venture codenamed "Tigris" to eventually compete with Nvidia.

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