The $6 billion deal bets on AI-driven power demand and plans to build the world’s first utility-scale fusion plant
US President Donald Trump is moving into the fusion power sector through a $6 billion merger between his social media company and Google-backed TAE Technologies.
Trump Media & Technology Group (TMTG), owner of the US president’s Truth Social platform, unveiled an unusual all-stock tie-up with the fusion firm on Thursday. The deal is a wager on surging electricity demand from the artificial intelligence boom and adds to the Trump family’s expanding slate of ventures spanning cryptocurrency, real estate, and mobile services.
TAE Chief…
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