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Sam Altman-Backed Oklo Slumps After Kerrisdale Says It’s Shorting Stock

Article content (Bloomberg) — Shares of Oklo Inc., the nuclear fission reactor company backed by OpenAI Inc’s Sam Altman, tumbled Wednesday after Kerrisdale Capital said it is shorting the stock.  The report alleges that “virtually every aspect of Oklo’s investment case warrants skepticism,” sending the stock down as much as 10%. Oklo shares have whip-sawed […]

UN nuclear watchdog chief says Iran has accepted request to stop increasing near weapons grade uranium stock

International Atomic Energy Agency chief Rafael Grossi said Iran has accepted a request to stop increasing its 60% uranium stock, which is enriched to near weapons-grade levels. Uranium enriched at 60% purity is just a short, technical step away from weapons-grade levels of 90%. Although cautious, Grossi was optimistic about the prospect emphasizing that Iran […]