TMTG, which owns president’s Truth Social platform, unveils link-up TAE Technologies to respond to AI boom

Donald Trump’s loss-making social media business has announced plans to merge with a fusion power company.

Trump Media and Technology Group, owner of the US president’s minnow Truth Social platform, unveiled an extraordinary merger worth more than $6bn with TAE Technologies, combining its social media operation with a vast bet on the AI boom driving a surge in energy demand.