Google and XTX back German fusion start-up as nuclear bets proliferate

German fusion start-up Proxima Fusion has secured a significant €400 million funding round, valuing the company at €2.4 billion. Backed by tech giants Google and XTX, this investment underscores a growing global interest in nuclear fusion as a potential clean energy source. The funding reflects the impact of the AI boom, which is driving advancements in fusion technology. This development highlights the increasing investment in nuclear fusion projects worldwide, as companies and governments seek alternatives to traditional energy sources.