TechCrunch AI reporting · 1d ago · 2/5
CEO and CFO suddenly depart AI nuclear power upstart Fermi ↗
Fermi, an AI nuclear power startup co-founded by former U. S. Energy Secretary Rick Perry, has announced the sudden departure of its CEO and CFO.
The company has faced headwinds with its AI campus development in Texas. The leadership changes come as the startup navigates challenges in scaling its nuclear-powered AI infrastructure.
Fermi, which was co-founded by former U.S. Energy Secretary Rick Perry, is developing an AI campus in Amarillo, Texas, which 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.