Summary
Trump Media & Technology is merging with a fusion power company called TAE Technologies in a deal worth over $6 billion. Devin Nunes, CEO of Trump Media, will become co-CEO of the new company along with TAE Technologies CEO Michl Binderbauer. The merged company plans to build a large fusion power plant next year to supply electricity for artificial intelligence.
Key Facts
- Trump Media & Technology and TAE Technologies are merging.
- The deal is valued at over $6 billion.
- Devin Nunes will be a co-CEO, sharing the role with Michl Binderbauer.
- The company plans to build the first large-scale fusion power plant.
- They aim to provide electricity for powering artificial intelligence.
- Construction on the fusion power plant is expected to begin next year.
