Palantir partners to develop AI software for nuclear construction
FILE PHOTO: Palantir logo is seen in this illustration taken February 16, 2025. REUTERS/Dado Ruvic/Illustration/File Photo
(Reuters) -Palantir Technologies on Thursday said it was teaming up with a nuclear deployment company to develop an artificial intelligence-driven software system built for the construction of nuclear reactors.
Nuclear energy has garnered renewed interest from investors and companies, as it is considered to be a cleaner source of fuel and more reliable than wind or solar energy.
Palantir and Nuclear Company will jointly create the nuclear operating system (NOS), which will simplify construction, allowing the firm to build plants faster and at lower cost.
The deal follows U.S. President Donald Trump's executive orders that aimed to boost U.S. nuclear energy production amid a boom in demand from data centers and AI.
The orders, signed in May, direct the nation's independent nuclear regulatory commission to cut down on regulations and fast-track new licenses for reactors and power plants.
Kentucky-based Nuclear Company will pay the data analytics company around $100 million over five years to develop the platform, according to a Palantir spokesperson.
The industry is also expected to benefit from Trump's sweeping tax and spending bill, which rolled back many green-energy subsidies but preserved tax credits for nuclear energy.
U.S. power consumption is estimated to reach record highs in 2025 and 2026 after stagnating for nearly two decades, as power-hungry data centers dedicated to AI and crypto miners plug into the grid.
(Reporting by Juby Babu in Mexico City and Jeffrey Dastin in San Francisco; Editing by Maju Samuel)
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Barnama
37 minutes ago
- Barnama
Japan Reiterates That Higher US Auto Tariffs Are Unacceptable
FILE PHOTO: Japan's Economic Revitalization Minister Ryosei Akazawa speaks to the press upon his arrival at Haneda Airport, a day after ministerial talks on tariffs, with U.S. President Donald Trump joining the negotiators, in Tokyo, Japan, April 18, 2025. REUTERS/Issei Kato/File Photo TOKYO, June 26 (Bernama-Kyodo) -- Japan's chief negotiator on Thursday set off for another round of tariff negotiations with the United States (US), reiterating before his departure that the 25 per cent additional auto tariffs imposed by Washington remain unacceptable, Kyodo News Agency reported. Minister in charge of economic and fiscal policy Ryosei Akazawa said he still hopes to convince the United States to review the duty, especially as the 90-day pause on part of the so-called reciprocal tariffs imposed on Japan and other countries expires on July 9. The auto tariffs are "not something we can accept," Akazawa told reporters at Tokyo's Haneda Airport before leaving for Washington, referring to import taxes that have weighed heavily on Japan's large automotive industry. bootstrap slideshow The seventh round of ministerial-level tariff negotiations this week are likely to involve US Treasury Secretary Scott Bessent and Commerce Secretary Howard Lutnick, as previous rounds have. The auto tariffs have been the key sticking point in the bilateral negotiations that began in April. The latest visit is Akazawa's first since Prime Minister Shigeru Ishiba was unable to strike an agreement with US President Donald Trump over the tariffs at their summit on June 16 in Canada. The leaders agreed to have talks continue at the ministerial level. In addition to increasing the tariff rate for passenger cars to 27.5 per cent from 2.5 per cent, the Trump administration raised other sector-based and country-specific duties, in a bid to reduce the trade deficit with Japan, which Trump says primarily results from "unfair" trade practices. Under the reciprocal tariff regime, combined with a baseline rate of 10 per cent covering nearly all goods imported by the United States, Japan faces an additional country-specific tariff of 14 per cent, for a total rate of 24 per cent. To facilitate negotiations, Trump paused tariffs set above 10 per cent for 60 trading partners, including Japan, for 90 days. -- BERNAMA-KYODO
The Star
2 hours ago
- The Star
Global financial crime watchdog calls for action on crypto risks
FILE PHOTO: Representations of cryptocurrencies Bitcoin, Ethereum, DogeCoin, Ripple, Litecoin are placed on PC motherboard in this illustration taken, June 29, 2021. REUTERS/Dado Ruvic/Illustration/File Photo PARIS (Reuters) -The Financial Action Task Force (FATF), a global financial crime watchdog, on Thursday called on countries to take stronger action to combat illicit finance in crypto assets, warning that gaps in regulation could have global repercussions. The Paris-based watchdog said that while progress has been made since 2024 in regulating virtual assets, many jurisdictions still have work to do to combat risks. As of April 2025, only 40 of 138 jurisdictions assessed were "largely compliant" with FATF's crypto standards, up from 32 a year earlier. "With virtual assets inherently borderless, regulatory failures in one jurisdiction can have global consequences," FATF said in a statement. Illicit crypto wallet addresses may have received up to $51 billion in 2024, according to blockchain analytics firm Chainalysis. FATF said that countries continue to face difficulties in identifying who is behind virtual asset transactions. The report is the latest sign of rising concern among financial authorities about crypto-related risks to the financial system. In April, the EU's securities watchdog warned that the expanding crypto sector could pose risks to broader financial stability, especially as links with traditional markets deepen. FATF also raised concerns about the use of stablecoins, a type of cryptocurrency pegged to fiat currencies, by "various illicit actors", including North Korea, terrorist financiers and drug traffickers. It said most illicit crypto activity now involves stablecoins. The FBI has said that North Korea was responsible for the theft of approximately $1.5 billion worth of virtual assets from crypto exchange ByBit in February - the largest ever crypto theft. North Korea routinely denies involvement in cyber hacking or crypto heists. (Reporting by Elizabeth Howcroft, Editing by Louise Heavens)
The Star
2 hours ago
- The Star
Ringgit climbs as Trump ramps up pressure on Fed to cut interest rates
KUALA LUMPUR: The ringgit extended its gains against the greenback at the close on Wednesday, as US President Donald Trump ramped up pressure on the US Federal Reserve (Fed) to cut interest rates. It has been reported that Trump is considering naming a new Fed chairman early, a move seen as undermining the current chairman, Jerome Powell, who has been reluctant to cut interest rates as demanded by the US president. At 6 pm, the local note inched up to 4.2300/2355 versus the greenback from Wednesday's close of 4.2335/2405. Bank Muamalat Malaysia Bhd chief economist Dr Mohd Afzanizam Abdul Rashid said news of Trump's intention to name the next Fed chair early caused the US Dollar Index (DXY) to fall 0.60 per cent to 97.093 points. "It remains to be seen how this can be made possible as the current chairman's term will end in May next year. Despite that, the underlying tone is about pressing the Fed to lower the Fed funds rate as soon as possible," he told Bernama. At the close, the ringgit traded lower against a basket of major currencies and ASEAN countries. It depreciated against the Japanese yen to 2.9359/9399 from 2.9070/9120, slid versus the British pound to 5.8141/8217 from 5.7631/7726, and slid against the euro to 4.9597/9661 from 4.9113/9194 yesterday. Against its ASEAN peers, the ringgit declined vis-à-vis the Singapore dollar to 3.3192/3240 from 3.3061/3121, and dipped against the Thai baht to 13.0254/0488 from 12.9584/9858 at Wednesday's close. It eased against the Indonesian rupiah to 260.9/261.4 from 259.7/260.2, and slipped against the Philippine peso to 7.47/7.49 from 7.46/7.48, previously. - Bernama
