(Reuters) -OpenAI CEO Sam Altman is stepping down as the chairman of nuclear startup Oklo, CNBC reported on Tuesday, sending its shares down 13% after the bell.
Oklo, which provides emission-free and affordable energy solutions, did not immediately respond to a Reuters request for comment.
Oklo went public in the U.S. in May last year through Altman’s special purpose acquisition company, AltC Acquisition Corp. It aims to develop its first small modular nuclear reactor by 2027.
Altman-backed Oklo in March initiated a Pre-Application Readiness Assessment with U.S. Nuclear Regulatory Commission (NRC) for its Aurora Powerhouse reactors, designed to address the content of the first phase of Oklo’s combined license application submission (COLA) for the reactors.
In December, Oklo signed a non-binding agreement to provide power to Las Vegas-based data center operator Switch.
(Reporting by Juby Babu in Mexico City; Editing by Alan Barona)
