The parent company of President Donald Trump’s Truth Social media platform announced Thursday it is merging with a fusion power company, an unusual pairing of the Trump name with a futuristic clean energy venture that aims to power the next wave of artificial intelligence. Trump Media & Technology will combine with TAE Technologies in an all-stock deal that the companies said is valued at more than $6 billion. Trump Media & Technology is the parent company of President Donald Trump’s Truth Social media platform. Its shares have tumbled 70% this year but jumped 20% before the opening bell. Fusion technology has been seen as a long way off but tech companies view it as a promising way of powering their energy-hungry AI data centers.
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