Sam Altman’s decision to resign as president of the Nuclear Energy Startup Oklo could create the CEO of Openai to maximize his profit potential of the two companies.
Altman resigned from the Board of Directors of Oklo on Tuesday, said the company in a dry file. This decision, which, according to the company, was not due to any disagreement or violation of its policy, opens the way to OKLO one day to conclude an agreement with OPENAI to feed its AI technology. Oklo CEO Jacob Dewitte will take over for Altman as chairman of the board of directors, said the company.
With Altman out of the Oklo table, Openai now has more range to conclude an electricity agreement with the company. A former investor in Oklo, Altman still has a 4.8%stake. Although it does not have equity in Openai now, it could change in the future, especially since the company seeks to go from a non -profit organization to a profit -based business structure.
If Altman gains equity in Openai and maintains its actions in Oklo, and companies conclude one day together, this could be a financial boon for the technological magnate.
“It seems to be there that it moves,” said Bruce Kogut, teacher of leadership and ethics of Sanford C. Bernstein & Co. at Columbia Business School.
If Openai concludes an agreement to feed a data center with one of Oklo’s nuclear reactors, Kogut said: “Payments will be made in Oklo and returned to shareholders, which will include it.”
“With the departure of Altman, this can facilitate the opening of Oklo and Openai without additional complexities posed by his role to the Council,” said a spokesperson for Oklo.
OPENAI increases its data center activities because it is less based on Microsoft, a major investor who, until recently, had been his only cloud supplier. The company, now estimated at $ 300 billion, has teamed up with Oracle and SoftBank, known as Stargate, to build AI data centers in the United States. The first site is under construction in Abilene, Texas.
Oklo has signed agreements with the main customers of the data center such as Equinix and Switch. However, the company’s nuclear reactor was not approved by the nuclear regulatory committee. The company is in the planning phase for the filing of a second federal license request after the CNRC rejected its first in 2022.
This time, he will have at least one friendly face nearby in Washington, DC. Chris Wright, who earlier this year was confirmed as President Donald Trump’s energy secretary, was previously seated on the Oklo board of directors.
In the meantime, investors maintain the enthusiasm of Oklo’s potential to capitalize on the “massive push for nuclear energy solutions in federal and commercial landscapes with the ACC Record of ADA and at the early stages”, as declared last month, analyst of Wedbush’s Securities.
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