Latest news with #NuclearCompany
Bloomberg
2 hours ago
- Business
- Bloomberg
Boosting U.S. Nuclear Resources to Power AI
Palantir's Mike Gallagher and Jonathan Webb, the CEO of The Nuclear Company, speak exclusively to Bloomberg's Ed Ludlow about their new partnership focused on an AI-driven, gigawatt-scale deployment of nuclear power across the country. (Source: Bloomberg)
CTV News
7 hours ago
- Business
- CTV News
Palantir partners to develop AI software for nuclear construction
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 US$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
The Star
10 hours ago
- Business
- The Star
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)
CNA
10 hours ago
- Business
- CNA
Palantir partners to develop AI software for nuclear construction
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.
Yahoo
10 hours ago
- Business
- Yahoo
Palantir partners to develop AI software for nuclear construction
(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. Sign in to access your portfolio
