Bill Gates' company TerraPower has raised $650 million to support AI development.

2025-06-19 00:33:58

The company TerraPower, founded by Bill Gates in 2006 to develop cutting-edge nuclear technologies, has raised $650 million in investments from NVentures (, the venture arm of Nvidia), HD Hyundai, Gates himself, and several current investors.

TerraPower is building an innovative 345-megawatt nuclear facility in the town of Kemmerer, Wyoming, on the site of a decommissioned coal power plant.

The idea is to provide a carbon-free, scalable solution for growing energy needs, especially in light of the increased demand for electricity from artificial intelligence data centers (AI).

“If AI continues to transform industries, nuclear energy will become an even more important power source for these capacities. TerraPower’s nuclear reactor technologies offer innovative, carbon-free solutions for global energy needs, minimizing environmental impact”, — stated NVentures Vice President Mohamed “Sid” Siddiq.

Overall, the startup has already accumulated $1.4 billion, making it one of the most powerful funded players in the field of nuclear energy.

The project is expected to receive regulatory approval in 2026.

This news comes against the backdrop of a sharp increase in interest in AI: OpenAI announced it has surpassed $10 billion in annual revenue, and Amazon will invest $10 billion in the development of data centers in North Carolina.

Against this backdrop, concerns about the impact of AI on society are also rising: Pope Leo XIV considers artificial intelligence to be a key threat to humanity and plans to make this topic a priority of his pontificate, questioning the moral neutrality of technologies.

As the Vatican prepares for a moral front, technology giants are shaping a new energy infrastructure of Web3 and AI platforms, particularly due to a renewed interest in nuclear energy, which is considered more stable than renewable sources and does not generate carbon emissions.

Let us remind you that the U.S. Department of Defense allocated up to $200 million to OpenAI for the development of AI prototypes.

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