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Tech firms and Silicon Valley billionaires have been pouring money into nuclear energy for years, pitching the sustainable power source as crucial to the green transition. While generative AI has grown at lightning speed, nuclear power projects are heavily regulated and usually advance at a plodding pace. That's raising questions about whether advances in nuclear energy can cut emissions as swiftly as energy-guzzling AI and other fast-growing technologies are adding to them. The nuclear power industry hasn't meaningfully expanded its share of the U.S. energy mix for decades. By one estimate, up to 800 gigawatts of new nuclear power will be needed by 2050 to meet current green energy targets.

Persons: Sarah Myers West, Myers, Sam Altman, OpenAI, Altman, Jacob DeWitte, Oklo, hadn't, You've, DeWitte, Oklo's Organizations: Silicon, CNBC, Helion Energy, Microsoft, federal Nuclear Regulatory Commission, Air Force, NRC, Idaho National Laboratory, Energy Department, Pew Research Locations: Idaho, Ohio, United States, Alaska, U.S, Ukraine, Fukushima, Japan

☆ The breathtaking scope of Sam Altman's future AI empire
▼ + stars: | 2024-03-07 | by ( Darius Rafieyan | ) www.businessinsider.com time to read: +9 min

If Sam Altman is to achieve his dream of artificial general intelligence in his lifetime, that number will need to double or triple every year for the foreseeable future. These wide-ranging plans for global transformation go far beyond Altman's role as the CEO of generative AI behemoth OpenAI, developer of ChatGPT. EnergyThe first pillar of Altman's grand unified theory of the future rests on energy. Headlining the event was company chairman and investor Sam Altman, who appeared via video call projected on a towered cineplex. And Altman's AGI empire extends beyond just the energy and raw material required to build AGI.

Persons: Sam Altman, he's, Altman, it's, Max, Jack, Sam himself, Sam, David Kirtley, Helion, He's, Joe Betts Lacroix, Lacroix, where's, Joe Biden, Tade Oyerinde, Oyerinde, Ali Ghodsi, Ghodsi Organizations: Nvidia, Business, Elon, Altman, OpenAI, Energy, Bloomberg, Concorde, Wall Street, Retro Biosciences, Capitol, PAC Locations: Silicon Valley, OpenAI, Davos, New York, Redmond , Washington, Washington

Steam feeding into the Unit 3 turbine generator of the Vogtle nuclear power plant in Waynesboro, Ga. “The United States is now committed to trying to accelerate the deployment of nuclear energy,” John Kerry, President Biden’s climate envoy, said in September. One recent Pew survey found that 57 percent of Americans favor more nuclear plants, up from 43 percent in 2016. A NuScale engineer gave a tour of a control room simulator, modeling the company’s plans for new nuclear reactors, in 2013. “The demand for clean energy is almost unprecedented,” said Maria Korsnick, president of the Nuclear Energy Institute, an industry group.

Persons: Biden, ” John Kerry, Biden’s, “, ”, Jacopo Buongiorno, Jimmy Carter, Rosalyn Carter, Bruce Springsteen, Dan Reicher, Gavin Newsom, Reicher, Clinton, Jeffrey Collins, Arnie Gundersen, John Williams, “ It’s, Patty Durand, Julie Kozeracki, Kendrick Brinson, Jay Wileman, Bill Gates, Dow, Roger Blomquist, NuScale Power, Jose Reyes, Adam Stein, it’s, they’re, Ahmed Abdulla, Robert Taylor, Leah Nash, NuScale, David Schlissel, Joshua Freed, didn’t, Maria Korsnick Organizations: Unit, Republicans, Nuclear Regulatory Commission, Massachusetts Institute of Technology, Associated Press, Madison, Natural Resources Defense, California Gov, Democrat, Associated, Fairewinds Associates, Components, Workers, Georgia, Southern Company, Georgia Power, Georgia Public Service Commission, Energy Department, The New York Times, GE, Hitachi Nuclear Energy, Vogtle . Ontario, Tennessee Valley Authority, Argonne, National Laboratory, Energy, Nuclear Regulatory, NuScale, ”, Breakthrough Institute, Carleton University, Soaring, Institute for Energy Economics, United, Nuclear Energy Institute Locations: U.S, Waynesboro, Ga, Savannah, Georgia, United States, ”, Pennsylvania, Texas, Virginia, Jenkinsville, Vogtle, South Carolina, South, Canada, Tennessee, Argonne, Chicago, Idaho, Wyoming, California, Alaska, Maryland, Pueblo County, Colo

☆ How Sam Altman's $850 million SPAC could help turn nuclear power into a mainstream energy source
▼ + stars: | 2023-07-28 | by ( Tasmin Lockwood | ) www.businessinsider.com time to read: +5 min

OpenAI's Sam Altman is taking nuclear startup Oklo public through a SPAC expected to close in 2024. The Oklo SPAC deal will mark a watershed moment for the energy source, industry experts told Insider. The public debut of Oklo, a nuclear startup chaired by Sam Altman, could be a watershed moment for the power source, industry experts say. Fission versus fusionThere are two types of nuclear power: fission and fusion. All existing nuclear energy is created via fission, which makes up around 10% of the world's electricity supply, per the International Energy Agency.

Persons: OpenAI's Sam Altman, Altman, Sam Altman, Matthew Honeyben, Douglas Hansen, Luke, we've, " Hansen, Victoria McIvor, SPAC, McIvor Organizations: CMS, CNBC, Planet Capital, International Energy Agency, Energy, Microsoft Locations: Ukraine, France, Germany, SPAC

☆ Sam Altman explains why he's helping to take nuclear microreactor company Oklo public via SPAC
▼ + stars: | 2023-07-11 | by ( Catherine Clifford | In Catclifford | ) www.cnbc.com time to read: +8 min

And if we get those, we'll be quite surprised about how different and how much better the future is," Altman told CNBC in a phone conversation on Friday. I think there's urgent demand for tons and tons of cheap, safe, clean energy at scale," Altman told CNBC. I mean, maybe we could get there just with solar and storage," Altman told CNBC. There's no lack of desire or need for this," Altman told CNBC. Some of that is the reactor's smaller size, but some of it is how the Oklo reactors have been designed.

Persons: Gensler, Sam Altman, Oklo, Jake DeWitte, Aurora, Altman, chatbot, Caroline Cochran, Jacob DeWitte, Y, OpenAI, Joel Saget, He's, We've, DeWitte Organizations: AltC Acquistion Corp, CNBC, Microsoft, Oklo, Y Combinator, Afp, Getty, Helion, Southern, Initiative, U.S . Department of Energy, Idaho National Laboratory, Nuclear Regulatory Commission, NRC Locations: ramping, OpenAI, Paris, Georgia, U.S, Southern Ohio, Idaho

☆ Why Silicon Valley is so hot on nuclear energy and what it means for the industry
▼ + stars: | 2022-12-02 | by ( Catherine Clifford | In Catclifford | ) www.cnbc.com time to read: +13 min

Pallava Bagla | Corbis News | Getty ImagesVenture capitalists in Silicon Valley and other tech hubs are investing money in nuclear energy for the first time in history. This surge of private investment will be a positive for the industry, agrees John Parsons, an economist and lecturer at MIT. Nuclear energy is "a very complex science, and it's been supported by the federal government and at these national labs. In the 1960s and 1970s, large conglomerates constructed big nuclear power plants, and those projects often ran over budget. New generations of nuclear reactors will have different sizes, different coolants and different fuels, explained Matt Crozat, senior director of policy development at the Nuclear Energy Institute.

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