Russia hit Ukraine with nuclear-capable Oreshnik missile
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Meta will finance Oklo's purchase of uranium for its reactors. It's a massive vote of confidence for both the startup and nuclear power, but challenges remain.
The agreements will see Meta fund the construction of new nuclear reactors to power its AI data centers.
Meta is backing Ohio nuclear plants and new reactor projects through long-term deals with Vistra and Oklo as it looks to secure massive amounts of electricity for artificial intelligence.
Even at the height of their Cold War nuclear rivalry, the United States and the Soviet Union thrashed out a series of treaties to keep the arms race from spiralling out of control.
The Hyperion project, expected to be Meta’s largest AI-focused data center, is going to be powered by at least three natural gas plants. Its utility, Entergy Corp., has applied to connect more natural gas generation to the grid as Meta seeks to scale the project.
If you had invested $10,000 in the VanEck Uranium and Nuclear ETF one year ago, your investment would have grown to about $15,660 today. That would have beat the same investment in an S&P 500 index fund by a long shot.
With Japan preparing to restart a nuclear reactor, the world’s largest, in the coastal prefecture of Niigata, a Newsweek map shows the locations of the country’s nuclear power plants.
Nuclear weapons haven’t been tested in the United States since 1992. Find out why, and what could happen if the hiatus ends.