From Yahoo Finance: 2025-04-22 16:08:00

OpenAI CEO Sam Altman will step down as chairman of nuclear technology startup Oklo, potentially paving the way for a tie-up between the companies. This caused Oklo’s shares to drop more than 11% in extended trading. Oklo aims to develop its first small modular nuclear reactor by 2027, with CEO Jacob DeWitte taking over as chairman. The company plans to explore partnerships with leading AI companies, including OpenAI. Oklo, which went public in the U.S. in May 2024 through Altman’s special purpose acquisition company, is capitalizing on the surge in interest in nuclear power as a clean and reliable energy source, driven by the generative AI boom and the global push towards net-zero carbon emissions. In March, Oklo started a Pre-Application Readiness Assessment with the U.S. Nuclear Regulatory Commission for its Aurora Powerhouse reactors. In December, the company signed a non-binding agreement to provide power to Las Vegas-based data center operator Switch.



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