Oklo Stock Slides Nearly 12% as Sam Altman Steps Down as Chairman

Oklo Inc (NYSE:OKLO) shares tumbled 11.8% today following the unexpected announcement that Sam Altman, CEO of OpenAI, has resigned from his position as Chairman of the Board.

Why the Drop?

Altman's exit has raised investor concerns, given his deep involvement with Oklo since its inception. As a key strategic voice, Altman:

• Helped shape Oklo's mission in advanced nuclear energy

• Promoted the synergy between clean energy and AI growth

• Drew investor confidence through his prominent tech leadership

His departure casts uncertainty over the company's long-term vision and investor trust, despite reassurances from leadership.

Oklo's Response

• CEO Jacob DeWitte will now also serve as Chairman, ensuring continuity in leadership.

• Co-founders DeWitte and Caroline Cochran reaffirmed Oklo's focus on:

  • Clean, scalable nuclear energy

  • Strategic partnerships across AI and energy sectors

In his statement, Altman reiterated the critical role of nuclear fission in powering next-generation technologies and stressed that the timing was right for new leadership as Oklo prepares for large-scale deployment.

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