Meta’s Nuclear Energy Agreements for Data Centers and AI
Meta Platforms has announced three separate nuclear energy deals, aiming to bolster its data center operations and support its artificial intelligence initiatives. The technology giant aims to ensure a reliable energy supply for its Facebook, WhatsApp, and Instagram platforms in Ohio and Pennsylvania.
Key Nuclear Energy Agreements
- Meta signed a 20-year power purchase agreement (PPA) with Vistra, securing 2,600 megawatts of nuclear energy from three Vistra plants to support its data center operations in Ohio and Pennsylvania.
- Meta will purchase 2,176 megawatts of nuclear capacity and incremental capacity from two Vistra Ohio plants and one Pennsylvania facility through equipment modernization.
- Nuclear technology firm Oklo announced plans to develop a 1.2-gigawatt power plant in Ohio, supporting Meta’s data centers in the region.
Microsoft’s Investment in Cloudforce Funding Round
Microsoft’s venture capital fund, M12, participated in a $10 million Series A funding round for Cloudforce, an artificial intelligence company.
Cloudforce Funding Details
- The funding round, now closed, was led by Owl Ventures.
- Cloudforce stated that Microsoft’s investment grants them access to the tech giant’s enterprise sales organization and product teams.
Compass and Anywhere Real Estate Merger Avoids Antitrust Review
Compass and Anywhere Real Estate successfully avoided an antitrust review of their $1.6 billion merger after high-ranking Department of Justice officials overturned the decision by antitrust authorities.
Merger Details
- The companies closed the transaction much earlier than the minimum nine-month timeline they anticipated when announcing the merger in September, according to the report.
- Antitrust chief Gail Slater of the Department of Justice wanted to conduct a thorough review of the merger to determine if it was anticompetitive, but Compass appealed to Assistant Attorney General Todd Blanche, who agreed that any concerns could be addressed without an investigation.
Stellantis to Phase Out Hybrid Electric Vehicles
Stellantis will discontinue production of its Jeep hybrid SUVs and Chrysler Pacifica hybrid minivan due to declining customer demand.
Stellantis’ Focus on Electrification
The automaker will concentrate on more competitive electrified options, including hybrid and extended-range electric vehicles.
Jeep SUV Production Withdrawal
Stellantis clarified that the recent market withdrawal of Jeep SUVs is “not related” to the cancellation of their production.
