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Nvidia wants in on the nuclear renaissance, invests in Bill-Gates backed TerraPower
Nvidia is taking a step into the world of nuclear power with its latest investment in TerraPower, a company co-founded by none other than Bill Gates. The graphics processing unit (GPU) giant has invested an undisclosed amount in the nuclear startup’s $650 million funding round, which will be used to build its first commercial power plant.
TerraPower is working on developing a novel reactor design that utilizes molten sodium as a coolant, rather than water, and is capable of providing baseload power. The company’s mission is to make clean energy accessible and reliable by leveraging advanced technologies like AI and robotics to improve the efficiency of its reactors.
The investment marks Nvidia’s first foray into the energy sector, signaling a significant pivot in the company’s focus towards sustainable initiatives. With this move, Nvidia is looking to tap into the growing demand for alternative energy sources while expanding its portfolio beyond gaming and AI-related endeavors.
TerraPower aims to complete the construction of its first reactor within three years after pouring concrete for the foundation.
Source: techcrunch.com
