President Donald Trump is getting into the fusion power business through a $6 billion merger of his social media firm and Google-backed TAE Technologies, announced just days after industry leaders met with U.S. Energy Department representatives to urge federal funding.

Trump Media & Technology Group, the struggling company that owns the US president's Truth Social platform, announced Thursday a $6 billion merger with fusion power company TAE Technologies, in an unexpected pivot into energy technology. TAE Technologies, founded in 1998, says its fusion technology could provide abundant electricity to power AI infrastructure.

In a major move blending media, capital markets, and next-generation energy innovation, Trump Media & Technology Group announced it will merge with TAE Technologies.

Tony Isaac shares a report from CNN: President Donald Trump's social media and crypto company is making a huge bet on a far different industry -- nuclear fusion, a potentially lucrative albeit commercially unproven energy technology that could help power a suddenly electricity-starved economy. Trump...

Trump Media & Technology shares surge after announcing a $6 billion all-stock merger with fusion startup TAE Technologies.