Oklo stock falls after Sam Altman resigns as chairman

Sam Altman, CEO of OpenAI and a prominent figure in tech, has announced his resignation as chairman of the board at Oklo Inc., the advanced nuclear technology company now trading on the NYSE This move comes just months after Oklo went public through a merger with Altman’s SPAC, AltC Acquisition Corp, and signals a strategic shift as Oklo seeks new partnerships in the rapidly evolving AI and energy sectors

Altman’s departure is expected to clear the way for potential collaborations between Oklo and major AI companies, including OpenAI, as data centers and tech firms increasingly demand reliable, clean energy Oklo’s microreactors, branded Aurora, are designed to deliver 15 to over 100 megawatts of power, targeting long-term contracts with clients such as data center operators

Following the announcement, Oklo’s stock fell more than 11% in after-hours trading, reflecting investor uncertainty about the leadership change and the company’s next steps Jacob DeWitte, Oklo’s CEO and co-founder, will now serve as chairman, guiding the company as it prepares to launch its first reactor at Idaho National Laboratory later this decade

With the energy needs of AI skyrocketing, Oklo’s next moves—and possible deals with tech giants—are being closely watched by both investors and the broader tech industry