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
SEC Chair Backs CLARITY Act as Crypto Rally Stalls and Bitcoin Stays Below $65,000 With the FOMC rate decision looming, the US SEC Chairman's support for the CLARITY Act has a very limited impact on the crypto market.On July 29, US SEC Chairman Paul Atkins voiced suppor
Author  TradingKey
11 hours ago
With the FOMC rate decision looming, the US SEC Chairman's support for the CLARITY Act has a very limited impact on the crypto market.On July 29, US SEC Chairman Paul Atkins voiced suppor
placeholder
WTI rebounds from two-week low, well bid around mid-$81.00s amid Iran risksWest Texas Intermediate (WTI) – the benchmark US Crude Oil price – gains strong positive traction during the Asian session on Wednesday, snapping a three-day losing streak to an over two-week low touched the previous day.
Author  FXStreet
20 hours ago
West Texas Intermediate (WTI) – the benchmark US Crude Oil price – gains strong positive traction during the Asian session on Wednesday, snapping a three-day losing streak to an over two-week low touched the previous day.
placeholder
Fed Decision Eve: 104 Economists Expect No Change; Why Is Citadel Securities Betting on a Surprise Hike?The Federal Reserve will announce its July interest rate decision on July 29, Eastern Time. The current target range for the federal funds rate remains at 3.5%-3.75%, but the suspense sur
Author  TradingKey
Yesterday 10: 22
The Federal Reserve will announce its July interest rate decision on July 29, Eastern Time. The current target range for the federal funds rate remains at 3.5%-3.75%, but the suspense sur
placeholder
WTI Oil flirts with the $80 level amid speculation about US-Iran peace talksOil prices remain depressed on Tuesday, as hopes of a new round of peace talks between the US and Iran boosted hopes of a de-escalation of the Middle East conflict.
Author  FXStreet
Yesterday 09: 14
Oil prices remain depressed on Tuesday, as hopes of a new round of peace talks between the US and Iran boosted hopes of a de-escalation of the Middle East conflict.
placeholder
Gold declines despite easing concerns over inflation, interest rate hikesGold price (XAU/USD) loses ground after registering gains in the previous day, trading around $4,050 per troy ounce during the Asian hours on Tuesday.
Author  FXStreet
Yesterday 01: 26
Gold price (XAU/USD) loses ground after registering gains in the previous day, trading around $4,050 per troy ounce during the Asian hours on Tuesday.
goTop
quote