Fermi's $12B AI Gamble: Boom or Bust?
Update: 2025-10-01
Description
A Texas startup with zero revenue just IPO'd for $682.5 million! Fermi, a data center real estate trust focused on powering AI with nuclear, natural gas, and solar energy, is making waves with its ambitious plans and connections to Rick Perry. Can this pre-revenue company live up to its $12 billion valuation, or is it another sign of an overhyped AI market? Its success could pave the way for other early-stage AI infrastructure companies, but experts warn of potential pitfalls.
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