CEO and CFO suddenly depart AI nuclear power upstart Fermi
CEO and CFO suddenly depart AI nuclear power upstart Fermi
In Brief
Posted:
Fermi co-founder and CEO Toby Neugebauer and CFO Miles Everson have suddenly departed the AI nuclear power firm, sending shares down 22% on Monday.
The company said Neugebauer has stepped down as chairman, although he still remains on the board. Lead Independent Board Director Marius Haas has stepped into the role of chairman, the company said Monday. Everson has been elected as a board director as a result of the exercise of director designation rights held by the Melissa A. Neugebauer 2020 Trust.
Fermi, which was co-founded by former U.S. Energy Secretary Rick Perry, is developing an AI campus in Amarillo, Texas, that will eventually use nuclear reactors to power data centers. That campus, known as Project Matador, has struggled in recent months, including friction with a key customer, Bloomberg reported.
The company couched the departures, along with other plans including a corporate headquarters in Dallas, as Fermi 2.0 in an effort to signal to investors that it was still making progress on its project.
Newsletters
Subscribe for the industry’s biggest tech news
Related
Latest in Climate
Patrocinado
Patrocinado
Patrocinado
Patrocinado
Anúncios
Categorias
Leia Mais
8 Great Horror Movies to Watch on Prime Video Now Why You Can Trust CNET Our expert, award-winning staff selects the products we cover and rigorously researches and tests our top picks. If you buy through our links, we may get a commission. Reviews ethics statement Scary highlights include Smile 2, The Menu and A Quiet Place: Day One. Meara covers streaming service news for...
Olympic rower floats like astronaut to test future space gymThe space race to create gym equipment for future astronautsJohn KennettRower Matthew Wells says he's done a lot of training but nothing like this. Olympic medallist Matthew Wells rows as hard as he can as his body begins to float up for 22 seconds.Instead of a boat and water beneath him, he is 8500m (28000 ft) above the ground on a...
The global mesophilic bacteria market is witnessing steady expansion as food processors, biotechnology companies, pharmaceutical manufacturers, and agricultural producers increasingly rely on microbial cultures for fermentation, preservation, enzyme production, and functional ingredient development. Mesophilic bacteria — microorganisms that thrive at moderate temperatures typically...
Dell Takes Aim at the MacBook Neo With Its $599 XPS 13 LaptopApple reset the budget laptop market earlier this year when it debuted the MacBook Neo, a machine with a design superior to anything near its price of $599 and enough performance for most students. It was only a matter of time before Windows laptop-makers responded, and Dell has answered with the XPS 13. The XPS is Dell's premium...
Shelly Kittleson: US journalist to be released after kidnap in Iraq, militia saysGetty ImagesA US freelance journalist who was kidnapped in the Iraqi capital Baghdad a week ago is to be released, an Iran-backed militia says.Kataib Hezbollah said on Tuesday it would release Shelly Kittleson, who was taken on 31 March, on the condition that she leave Iraq immediately.Abu Mujahid al-Assaf, a...
