Fermi Co-Founder Neugebauer Seeks Sale After Removal as CEO
Fermi Inc. co-founder Toby Neugebauer, who was ousted from his role as chief executive officer late last week, is calling for a sale of the prospective AI power provider.
The move is the latest in the saga at the company, which is developing a massive AI campus in West Texas. Fermi has been dogged by challenges in recent months, including the loss of an anchor tenant. And the scope of its project — as much as 17 gigawatts of power — has left skeptics wondering if it can meet its ambitious goals.