World's Rich Bet on VC Firm With 275% Gains That Shuns AI [BNN Bloomberg (Canada)]
Oklo Inc. Class A common stock (OKLO)
Company Research
Source: BNN Bloomberg
Over the past four years, the pair have built up their venture firm, 8090 Industries, with backing from billionaire families whose fortunes range from the largest driller of US natural gas to a Swedish consumer goods giant to one of the world's biggest mining companies. Along the way, they've tuned out the crypto and AI hype and honed in on the manufacturing and energy sectors, partly due to Ozmen's background as a member of the billionaire family behind US defense contractor Sierra Nevada Corp. Now, after recently closing their latest fund, 8090's bet on big industry is yielding results. It has gains of at least 275% on an investment in Oklo Inc., a developer of advanced nuclear systems backed by OpenAI Chief Executive Officer Sam Altman that went public last month. Another portfolio company, Infinium, recently became one of the first electro-fuel makers to turn industrial-scale production of the low-carbon energy source from a concept into a reality. “This is real stuff,” Isl
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