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AI and Nuclear: Accelerating Energy Solutions for Tomorrow’s Data Centers

Tech giants are betting on nuclear power to underpin the future of AI—a sector that demands robust, immediate energy solutions. Although the nuclear industry has traditionally moved at a measured pace, companies like Atomic Canyon are leveraging artificial intelligence to drive rapid, transformative change in this critical area.

A Personal Catalyst for Change

Trey Lauderdale, the founder of Atomic Canyon, discovered his passion for nuclear innovation through close interactions with professionals from the Diablo Canyon Power Plant near his home in San Luis Obispo, California. These frequent meetings revealed a surprising inefficiency: nuclear power plants are inundated with vast amounts of documentation, a challenge that AI is uniquely positioned to address.

Harnessing AI to Revolutionize Document Management

Starting Atomic Canyon as a self-funded venture a little over a year and a half ago, Lauderdale envisioned a solution that would help engineers, maintenance staff, and compliance officers sift through billions of pages. By implementing a system that uses sentence embedding within retrieval-augmented generation (RAG), the startup has optimized the process of indexing and retrieving critical documents, significantly reducing the risk of AI-generated misinformation—commonly known as hallucination in the tech community.

Strategic Partnerships and Industry Impact

Atomic Canyon’s innovative approach quickly garnered attention. A key partnership with Diablo Canyon power plant in late 2024 set the stage for further industry inquiries, prompting a critical seed round of $7 million led by Energy Impact Partners. Notable investors such as Commonweal Ventures, Plug and Play Ventures, and Tower Research Ventures have contributed, signaling strong confidence in the startup’s potential.

Building a Foundation for the Future

Initial challenges with underperforming AI models eventually led Lauderdale to secure 20,000 GPU hours from the Oak Ridge National Laboratory—the home of one of the world’s most powerful supercomputers. This collaboration has been instrumental in refining the model’s capabilities to accurately index and search the massive databases maintained by nuclear facilities. Presently, Atomic Canyon focuses on perfecting document search, deliberately choosing areas with lower risk while laying the groundwork for more advanced generative functions.

Outlook and Strategic Significance

Lauderdale envisions a future where AI not only enhances document retrieval but also drafts initial versions of critical documents, augmenting the efficiency of operational and compliance processes in nuclear plants. As he aptly notes, human oversight remains essential to ensuring accuracy and safety. With massive troves of information yet to be harnessed, the foundational work in search capabilities sets the stage for sustained technological progress in an industry poised for transformation.

Cyprus Foreclosure Reform Debate Intensifies Amid Rising Non-Performing Loans

Political Stakes And Foreclosure Regulation

Cypriot political parties are engaging in a high-stakes debate in parliament as they deliberate changes to the legal framework governing foreclosures ahead of the May parliamentary elections. The proposed shifts are aimed at curbing the rapid escalation in the value of non-performing loans, a trend that has sparked significant public and legislative concern. Confidential data from the Central Bank of Cyprus indicates that the nation has not yet moved away from its longstanding issues related to so-called “red loans.”

Non-Performing Loans: A Mounting Financial Challenge

Recent figures show that the value of distressed loans has continued to rise, surpassing €20 billion following transfers involving banks and credit recovery companies. This level exceeds the approximately €15 billion recorded during the economic crisis period. Central Bank data indicates that after loan sales, credit recovery firms now manage portfolios totaling €19.7 billion, of which €18.5 billion are classified as non-performing. About 87% of these loans are considered terminated, while the firms acquired 141,478 loans for €3.2 billion, roughly 80% below their original value.

Credit Recovery Companies: Overshooting Investment Returns

By June, credit recovery companies had recovered €5.7 billion through a combination of cash repayments, judicial asset auctions and property-for-debt exchanges. Cash repayments accounted for €3.6 billion, judicial recoveries contributed €619 million, and property swaps added €1.5 billion. These recoveries exceeded the original purchase cost of many loan portfolios while overall balances continued to increase due to accrued interest, a development that remains a concern for policymakers.

Bank Portfolios And The Impact On Financial Stability

Data from the State Guarantee Fund for Deposits and Loans shows that 77,561 loans valued at €7.5 billion were transferred, leaving a remaining balance of €5.7 billion by June 2025, of which €5 billion are non-performing. Within the banking sector, non-performing loans totaled €1.45 billion across 24,736 accounts as of last June. Since December 2024, these figures have improved by approximately €86 million due to repayments and asset recoveries. The reduction in problematic loans has lowered bank exposure compared with levels recorded during the 2013 crisis.

Legislative Proposals And Government Considerations

Political leaders argue that adjustments to foreclosure procedures can be introduced without undermining banking stability. Parliament’s Economic Committee is scheduled to begin discussions on March 9, with an estimated 20 to 30 legislative proposals currently pending from multiple parties. While the Ministry of Finance has not announced immediate legislative action, officials are evaluating the potential reintroduction of elements of the Rent-Versus-Rate plan for vulnerable borrowers, subject to fiscal impact assessments.

Advocacy From AKEL And Environmental Groups

Proposals supported by the AKEL party and several civil organizations focus on strengthening legal protections for borrowers. Among the suggested measures is restoring the right to seek judicial relief to delay foreclosures in cases involving disputed charges or alleged abusive contract clauses. AKEL representative Aristos Damianou criticized the pace of foreclosure proceedings and warned of risks to primary residences and small businesses.

Proposals Targeting Guarantors And Foreclosure Processes

The Democratic Rally party has introduced a proposal aimed at limiting guarantor liability during foreclosure procedures. Under the draft measure, if a property is auctioned or repossessed, the guarantor’s responsibility would be capped at the original loan amount adjusted by recovered sums. The proposal also requires that enforcement actions against guarantors be suspended until a court ruling is issued if the borrower formally disputes the debt.

Revisions Proposed By The Democratic Party of Cyprus

The Democratic Party is also preparing new legislative measures to be introduced on Thursday. Party leader Mario Karogian outlined plans to suspend the foreclosures of primary residences valued up to €350,000 until the end of the year, allowing time to address legislative gaps. Additional proposals include broadening the powers of the Financial Ombudsperson to make binding decisions on disputes up to €50,000, enforcing the Central Bank’s code of conduct, and ensuring strict adherence to refinancing guidelines for first residences.

Outlook And Strategic Implications

The range of proposals reflects an ongoing effort to balance financial system stability with stronger consumer protections. Decisions made in the coming months are expected to shape the regulatory environment for foreclosures and influence broader confidence in Cyprus’ financial sector and economic outlook.

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