Oklo Stock Jumps 20% as Meta's £120 Billion Nuclear Gamble Powers AI Ambitions and 5 Million Homes

Oklo and Meta landmark 1.2-gigawatt nuclear energy partnership sent Oklo shares soaring 20% as the tech giant races to secure power for its AI data centres (Credit: WikiMedia Commons)

Meta Platforms has positioned itself as one of America's most significant corporate purchasers of nuclear energy after announcing a series of deals that could supply more than 6 gigawatts of electricity—enough to power roughly 5 million homes.

The move, aimed at securing reliable power for the company's massive artificial intelligence infrastructure, sent shares of nuclear developer Oklo soaring by up to 20 per cent in early trading on Friday. The agreement highlights the immense energy demands of Big Tech and the high costs associated with powering the future of AI.