Two companies backed by Bill Gates and Sam Altman have raised more than $1bn amid a surge in investor optimism that nuclear energy will help power the artificial intelligence revolution.
TerraPower, a private company founded by Gates, said on Wednesday it had raised $650mn from investors, including attracting funding for the first time from the venture capital arm of US chipmaker Nvidia.
It follows a $460mn equity raise closed this week by Oklo, the Altman-backed listed developer of small modular reactors, a new type of nuclear reactor that generates about a third or less power of the power of standard models.
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