COMPANY OKLO PUBLIC VIA SPAC

Summary from the TLDR newsletter

Oklo, an advanced nuclear fission microreactor startup, is going public via a merger with a special purpose acquisition company co-founded by OpenAI CEO Sam Altman. Altman is also the chairman of Oklo's board. The SPAC will raise as much as $500 million for the company. It will close by early 2024. The company plans to use the raised capital to ramp up its supply chain and procurement processes and for building a pilot scale production facility for its reactor. Artificial intelligence will demand a lot of energy if it scales up in the way Altman is predicting it will.