Why is Trump's media company getting involved with nuclear power?

This is read by an automated voice.Please report any issues or inconsistencies here.

President Trump’s media company is merging with a nuclear fusion energy firm in a $6-billion deal aimed at generating more power amid growing demand from power-hungry artificial intelligence data centers.The merger between Trump Media & Technology and TAE Technologies could lead to one of the world’s first publicly traded fusion energy companies, the two companies said Thursday.

California San José and PG&E are preparing massive grid upgrades, but AI demand could nearly triple the city’s energy use.TAE Technologies is a private company based in Foothill Ranch, Calif.It has been raising funds for commercial-scale nuclear fusion, a method of energy production that supporters say could revolutionize access to electricity.

Founded in 1998, the company has built and operated five fusion reactors and raised more than $1.3 billion.Fusion uses the same process that powers the sun to produce potentially limitless energy.

Experts say it hasn’t been achieved on a large scale because the process is volatile and expensive.TAE is trying to develop the technology needed to reduce the size, cost and complexity of fusion reactors.

“Our talented team, through its commitment and dedication to science, is poised to solve the immense global challenge of energy scarcity,” TAE Chief Executive Michl Binderbauer said in a statement.“Recent breakthroughs have prepared us to...

commercialize our fusion technology.” Business President Trump has signed an executive order that could reclassify marijuana as a less dangerous drug.Truth Social was launched in 2022 as Trump created an alternative to mainstream social media, which was increasingly restricting and blocking his posts and profiles, as well as those of his allies and supporters.It began trading on the Nasdaq stock exchange through a 2024 merger with a special purpose acquisition company.

While most social media platforms...

Read More 
PaprClips
Disclaimer: This story is auto-aggregated by a computer program and has not been created or edited by PaprClips.
Publisher: Los Angeles Times

Recent Articles