The Trump family media group has agreed to combine with Google-backed fusion energy company TAE Technologies in a deal valued at $6bn, representing a bet on nuclear energy powering the artificial intelligence boom.
The all-stock deal will merge Trump Media & Technology Group’s access to capital with TAE’s fusion technology in an effort to meet the soaring power demands of AI, the two groups said on Thursday.
The unusual deal highlights the changing nature of dealmaking in America under US President Donald Trump. It brings together two industries rarely seen at the same table: Trump Media, built on right-leaning online politics, and a Google-backed fusion company rooted in Silicon Valley’s long bet on breakthrough energy tech.
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