TECH NEWS

Bluecore Energy raises $10M to build portable nuclear reactors on barges

Maritime nuclear energy startup Bluecore Energy on Tuesday said it had raised $10 million in a pre-seed funding round that was led by Slauson & Co.

Founded seven months ago by Kofi Asante, who previously worked with Uber Freight, Bluecore is building small nuclear reactors (SMRs) on floating barges with an aim to provide clean power to ports and nearby infrastructure. The reactors heat water and transfer the resulting steam into a generator, which then spins a turbine to generate electricity, Asante explained. The system is water-cooled in a closed-loop.

The energy expected to be produced on BlueCore’s barges can be moved by ship to its next location, reducing the emission involved in its transport to zero, Asante claims. Plus, he said the entire system behind the nuclear power plant only needs to be refueled once every few years.

Bluecore’s barges can also be docked near communities, and can...

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Shein’s IPO is being pitched at under $30 billion. Four years ago it was worth $100 billion.

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OpenAI is hiring a power trader, because electricity is now a position on its books

OpenAI is recruiting a power-trading lead for its data centres. The role will own commodity hedging strategy across the company’s power portfolio. It will have no direct reports at first. Bloomberg’s Julian Hast reported the listing on Monday. OpenAI did not immediately respond to a request for comment.

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Google Play adds Venmo as a payment option in the US. In other markets, it is testing cash.

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Cybersecurity stocks hit record highs, and one analyst target lasted a morning

CrowdStrike and Palo Alto Networks hit record highs on Monday. Each rose more than 5%, after a week in which the Black Hat conference in Las Vegas turned into an argument about AI agents. CNBC’s Samantha Subin reported the move. CrowdStrike gained 11.32 points, or 5.28%. Palo

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Shein’s IPO is being pitched at under $30 billion. Four years ago it was worth $100 billion.

OpenAI is hiring a power trader, because electricity is now a position on its books

Google Play adds Venmo as a payment option in the US. In other markets, it is testing cash.

Cybersecurity stocks hit record highs, and one analyst target lasted a morning