this post was submitted on 10 May 2024
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Sam Altman takes nuclear energy company Oklo public to help power his AI ambitions (www.cnbc.com)
submitted 7 months ago by [email protected] to c/technology
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[โ€“] [email protected] 0 points 7 months ago (1 children)

You misunderstood. The government requires that the company invest plenty of extra money into funding in case the company fails. I think this is a bond but I don't remember.

For instance, the TMI (three mile island) decommission started in 2019 and will be finished by 2079. There has been multiple changes in ownership but the current company is using the leftover cleanup funds to slowly decommission the site.

[โ€“] [email protected] 1 points 7 months ago* (last edited 7 months ago)

started in 2019 and will be finished by 2079

Wow what a success story. I'll trust that everything works out great by 2079.

the current company is using the leftover cleanup funds

So the current company didn't have plenty of extra funds in funding? It's just taking a cut of the "leftover" cleanup funds? Sounds extremely effective and responsible.

\s