Fermi's fired CEO pushes to sell the AI power startup rather than continue its business plan — a rare shareholder revolt at a venture-backed company

Fermi, an AI infrastructure startup focused on power-efficient computing, is caught in a dispute between its board (which fired the former CEO) and that former CEO and top shareholder (who wants to sell the company immediately). The disagreement centers on whether to liquidate for shareholder payouts or pursue Fermi's original plan to build AI systems that consume less electricity.