Family office deals slow in May with bets on nuclear batteries and AI testers

Family office deals slow in May with bets on nuclear batteries and AI testers

Business

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Key Points

  • Nuclear energy startups are gaining steam with private investment firms of the ultra-rich.
  • Billionaire Barry Sternlicht’s family office invested in Zeno Power, a nuclear battery firm, in May.
  • These deals are set to grow with family offices wanting to capitalize on the AI’s power demands and President Trump’s recent executive order to boost nuclear energy in the U.S.

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