Shares in software company Palantir Technologies (PLTR) were higher today as it sealed a deal to use AI to build nuclear reactors.
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Nuclear AI
Palantir said it was teaming up with Kentucky-based Nuclear Company to co-develop and deploy the nuclear operating system (NOS). It will be the first AI-driven, real-time software system built exclusively for nuclear construction.
It is understood that Nuclear Company will pay the data analytics company around $100 million over five years to develop the platform.
Palantir said that NOS will transform the construction of nuclear reactors into a data-driven, predictable process, enabling the Nuclear Company to build plants faster and safer at lower cost.
This will include sensors placed across construction sites to feed data in real-time to a digital twin model of the site, and a supply chain system tracking and verifying all parts to save costs, and AI agents reading regulatory documents much more quickly.
Record Power
This is important because even though the International Energy Agency has declared that nuclear is set to generate a record level of electricity in 2025, construction is being held back by costs, project overruns, and financing challenges.
Demand is increasing as nuclear energy is considered to be a cleaner source of fuel and more reliable than wind or solar energy. More and more tech firms are also looking at nuclear energy to help power the growth in data centers and AI demand.
President Trump is also supportive, with executive orders, signed in May, directing the nation’s independent nuclear regulatory commission to cut down on regulations and fast-track new licenses for reactors and power plants.
Is PLTR a Good Stock to Buy Now?
On TipRanks, PLTR has a Hold consensus based on 3 Buy, 10 Hold and 4 Sell ratings. Its highest price target is $155. PLTR stock’s consensus price target is $104.27 implying a 27.03% downside.
