Trump Media bets on fusion energy with $6 billion TAE deal


The Nasdaq Market site is seen on the day that shares of Truth Social and Trump Media & Technology Group start trading under the ticker "DJT", in New York City, U.S., March 26, 2024. REUTERS/Shannon Stapleton

Dec 18 (Reuters) - U.S. President Donald Trump ‌is getting into the fusion power business through a $6 billion merger of his social media firm and Google-backed TAE Technologies, announced just days after industry leaders met with U.S. Energy ‌Department representatives to urge federal funding.

The all-stock deal announced on Thursday is an ambitious bet on the power boom spurred by artificial intelligence data-centers and adds to the Trump ‌family's growing roster of diverse ventures from cryptocurrency to real estate holdings and mobile services.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Tech News

Lucid unveils steering wheel-free robotaxi concept, taking aim at Tesla's Cybercab
US appeals court throws out injunction against California law on children's online safety
Microsoft's Rajesh Jha, head of experiences and devices unit, to retire
Ukraine opens battlefield data access to allies' AI models
SoftBank-backed PayPay shares set to open 38% above IPO price
Exclusive-Italian prosecutors seek trial for Amazon, four execs over alleged $1.4 billion tax evasion
Pentagon CTO says 'no chance' of renewed Anthropic negotiations
Bumble shares surge as investors swipe right on AI-powered reboot
US insurers and hospitals turn to new AI for age-old battle over charges vs payments
Google names London office 'Platform 37' in a nod to railway neighbour, AI 'Go' match

Others Also Read