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Market Chatter: Microsoft-Backed OpenAI in Late-Stage Negotiations to Purchase Electricity From Helion Energy

MT Newswires Live
Mar 24

Microsoft-backed (MSFT) OpenAI is in late-stage negotiations to purchase electricity from fusion startup Helion Energy, Axios reported Monday, citing a person familiar with the situation.

The artificial intelligence firm could initially secure 12.5% of the startup's energy output, with plans to reach 5 gigawatts of capacity by 2030 and expand to 50 gigawatts by 2035, the news outlet reported.

OpenAI CEO Sam Altman, who holds a large stake in the energy firm, has resigned as chairman of Helion's board and excluded himself from the current deal talks, the report added.

OpenAI and Helion Energy did not immediately respond to MT Newswires' request for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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