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Sam Altman’s Fusion Power Startup Is Eyeing Trump’s $500 Billion AIPlay.

Few energy startups are better positioned to cash in on Stargate than
Helion, which has raised major funding from the AI initiative’s leaders,
and signed a contract with another. Sam Altman announced the $500 billion
Stargate initiative at the White House last month, with a plan to build the
world’s largest AI infrastructure project.

Stargate, the $500 billion effort to secure American AI supremacy for perpetuity backed by OpenAI’s Sam Altman and SoftBank founder Masa Son, among others, will require a
gargantuan amount of energy to power it. As it happens, Altman and Son are
backing a startup that says it can provide it. It’s a fusion energy
company called Helion that recently raised $425 million in a funding round
backed by SoftBank. Prior to that it banked $375 million from Altman, who
serves as Helion’s chairman. It was the single largest investment check
the AI billionaire has written so far. And Microsoft, a Stargate partner,
was the first company to contract with Helion for a fusion power plant by
2028 — a timeline that has some physicists skeptical.

 Forbes 5th Feb 2025 https://www.forbes.com/sites/davidjeans/2025/02/05/stargate-sam-altman-fusion-helion/

February 12, 2025 - Posted by Christina Macpherson | technology