OpenAI Adds BlackRock’s Adebayo Ogunlesi to Board as AI infrastructure push intensifies

Source Cryptopolitan

OpenAI includes Blackrock Inc. executive Adebayo Ogunlesi on its board of directors. The AI startup is hoping to use his expertise to advance the development of its artificial intelligence infrastructure. 

The company is prioritizing its resources on data centers and new energy resources.

Ogunlesi earns another board position after joining Blackrock just last year

Adebayo Ogunlesi joined Blackrock Inc. last year after they acquired his company, Global Infrastructure Partners, for about $12 billion. After that acquisition, Ogunlesi became worth about $2.3 billion and is currently Blackrock’s Senior Managing Director and a board member.

Before founding Global Infrastructure Partners, Ogunlesi worked for more than twenty years at Credit Suisse, an investment banking company.

Not to mention, he holds other board positions at Topgolf Callaway Brands, Kosmos Energy Holdings, and Terminal Investment Ltd.

Now, OpenAI wants to use Ogunlesi’s experience to better itself, inviting him to join its board of directors. OpenAI has been trying to acquire more data centers and energy resources to grow its infrastructure; at this time, calling Ogunlesi might help.

On Tuesday, Ogunlesi shared his willingness to work with the AI startup: 

As part of this, thoughtful strategies and investment in infrastructure will be key to unlocking AI’s full potential and delivering its benefits responsibly. I’m excited to contribute to this effort and look forward to being a part of the OpenAI Board.

Adebayo Ogunlesi

OpenAI began restructuring its board in late 2023, adding two new members in 2024: Instacart CEO Fidji Simo and Dr. Sue Desmond-Hellmann, former CEO of the Bill & Melinda Gates Foundation, now known as the Gates Foundation.

OpenAI is planning to launch new AI projects in the coming months

OpenAI has increasingly invested in new infrastructure projects, asking for funding from the private and public sectors. According to Joe Dominguez, CEO of Constellation Energy Corporation, CEO Altman wants to build five to seven data centers, each 5GW.

Another source claimed that Open AI wants to devote its attention to a single data center before potentially expanding to others.

Besides, the AI startup is still planning to host several events in Washington, D.C., and two key swing states to rally support and investments. The company has also planned its “economic blueprint” for AI this January, calling on public and private sectors to collaborate in AI developments to ensure the US stays ahead of China.

The company is also set to announce new AI projects in Pennsylvania, North Carolina, and Alabama in the coming months.

From Zero to Web3 Pro: Your 90-Day Career Launch Plan

Disclaimer: For information purposes only. Past performance is not indicative of future results.
placeholder
Bitcoin Surges Toward $72,000 as Crypto Stocks Soar, Strategy Jumps Another 10% Bitcoin price surges toward $72,000, driving a collective rally in crypto concept stocks, with MicroStrategy extending gains by 10%.In pre-market trading on August 20, Eastern Time, Bitco
Author  TradingKey
9 hours ago
Bitcoin price surges toward $72,000, driving a collective rally in crypto concept stocks, with MicroStrategy extending gains by 10%.In pre-market trading on August 20, Eastern Time, Bitco
placeholder
Gold Price Forecast: US Treasury Yield Slump Pushes Gold Above $4,500, Will Gold Keep Rising?As of the Asian session on August 20, gold prices (XAUUSD) surged again today after breaking above $4,500 on Wednesday, reaching a nearly two-month high of $4,527.12 before pulling back i
Author  TradingKey
10 hours ago
As of the Asian session on August 20, gold prices (XAUUSD) surged again today after breaking above $4,500 on Wednesday, reaching a nearly two-month high of $4,527.12 before pulling back i
placeholder
Bitcoin Surges Over 8% Triggering Short Liquidations, Ethereum Jumps 18%: Here's WhyThe cryptocurrency market staged a strong rebound, with Bitcoin (BTCUSD) surging over 8% intraday to approach $70,000, reaching its highest level since early June and recording its larges
Author  TradingKey
12 hours ago
The cryptocurrency market staged a strong rebound, with Bitcoin (BTCUSD) surging over 8% intraday to approach $70,000, reaching its highest level since early June and recording its larges
placeholder
US Treasury Department to buy back more longer-term bondsThe US Treasury Department said on Wednesday that it will buy back more of its longer-term bonds, in an effort to curb a sharp increase in borrowing costs, the Wall Street Journal reported.
Author  FXStreet
17 hours ago
The US Treasury Department said on Wednesday that it will buy back more of its longer-term bonds, in an effort to curb a sharp increase in borrowing costs, the Wall Street Journal reported.
placeholder
Gold Price Forecast: Will Gold Rise or Fall in the Short Term as Fed July Minutes Approach? As of the Asian session on August 19, gold prices (XAUUSD) maintained a weak rebound intraday, rising about 0.2% on the day to trade near $4,340. Earlier on Tuesday, gold prices fell near
Author  TradingKey
Yesterday 08: 56
As of the Asian session on August 19, gold prices (XAUUSD) maintained a weak rebound intraday, rising about 0.2% on the day to trade near $4,340. Earlier on Tuesday, gold prices fell near
goTop
quote