The $19B "Nuclear AI" Energy Startup That Couldn't Sign a Single Client

"Nuclear AI startup" Fermi had hoped to build power plants generating 17 gigawatts of electricity, remembers Bloomberg, "three times the amount typically consumed by New York City." Hyperscalers could install their data centers on the site itself and tap directly into that power, which would come first from natural gas turbines and later from nuclear reactors. The pitch ticked so many boxes — artificial intelligence, nuclear energy, political connections — that some investors found it irresisti