Meta signs deals with three nuclear companies
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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.
TerraPower, a Bill Gates-backed nuclear company, announced a deal with Meta to build up to eight small modular reactors in the U.S. with the first coming online as soon as 2032.
The consensus suggests a solid revenue increase of about 18%, positioning META for potential gains if execution remains strong.
Select Meta smart glasses can now amplify the voices of people near you to make conversation easier in noisy environments.
Meta CTO Andrew Bosworth calls key all-hands meeting at Reality Labs as the division faces budget cuts, strategic shifts to AI, and layoffs last year.
If you’re waiting to buy Meta Ray-Ban Display outside the U.S., the company has just announced the global rollout planned for early 2026 is now on hold.
Oklo said it would use the funds procured under the agreement to secure nuclear fuel and advance Phase 1 of the project, with plans to scale up to 1.2 gigawatts in the future. And while DeWitte teased a funding commitment from Meta, the company declined to share specific figures.