Trump Media & Technology Group Corp., TMTG, and TAE Technologies, a leading global fusion energy company, announced that both parties have signed a final merger agreement to complete the merger through a stock-for-stock transaction, with a valuation exceeding $6 billion. According to the agreement, TMTG, TAE, and their subsidiaries will be integrated into the same corporate structure. This acquisition transaction will pave the way for the United States to gain a leading position in artificial intelligence and energy security. The merged company will become one of the earliest publicly listed fusion energy companies globally. The newly merged company plans to select a site and begin construction in 2026 to build the world's first utility-scale fusion power plant. The Trump administration has emphasized the role of nuclear energy in achieving the U.S. goal of winning the global artificial intelligence competition. The U.S. Department of Energy recently reorganized its structure, establishing the Office of Fusion, and held meetings with corporate officials seeking more federal support. However, this deal has raised some concerns in Congress, with some Democratic lawmakers expressing significant concerns about "conflicts of interest and potential corruption." In addition, achieving commercialization of fusion still faces many challenges, including technological breakthroughs and cost reduction.
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Original article: toutiao.com/article/1851909213777993/
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