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
WTI Crude Oil Price Forecast: Trump Says US-Iran Talks Progressing Smoothly, Oil May Fall Below $60 As of the European session on July 2, WTI ( USOIL) crude oil prices fluctuated with a weak bias around $68, extending their prior downward trend. From a technical perspective, against the
Author  TradingKey
11 hours ago
As of the European session on July 2, WTI ( USOIL) crude oil prices fluctuated with a weak bias around $68, extending their prior downward trend. From a technical perspective, against the
placeholder
Japanese Yen recovers sharply from 40-year low as intervention bets trigger short-coveringThe USD/JPY pair comes under intense selling pressure and plummets to the 161.00 neighborhood heading into the European session on Thursday, snapping a three-day winning streak to the highest since 1986 set the previous day.
Author  FXStreet
13 hours ago
The USD/JPY pair comes under intense selling pressure and plummets to the 161.00 neighborhood heading into the European session on Thursday, snapping a three-day winning streak to the highest since 1986 set the previous day.
placeholder
Fed Chair Warsh Says Inflation Risks Are Receding, Sending Gold Rebounding by Nearly $100On Wednesday (July 1), Eastern Time, Federal Reserve Chairman Warsh stated at the ECB's annual forum in Sintra, Portugal, that while recent US inflation expectations and inflation risks h
Author  TradingKey
18 hours ago
On Wednesday (July 1), Eastern Time, Federal Reserve Chairman Warsh stated at the ECB's annual forum in Sintra, Portugal, that while recent US inflation expectations and inflation risks h
placeholder
WTI slips below $68.00 as supply concerns easeWest Texas Intermediate (WTI) oil price loses ground for the third successive day, trading around $67.80 per barrel during the Asian hours on Thursday. The global energy market experiences a sharp downturn, with crude oil benchmarks sliding significantly as supply anxieties ease.
Author  FXStreet
20 hours ago
West Texas Intermediate (WTI) oil price loses ground for the third successive day, trading around $67.80 per barrel during the Asian hours on Thursday. The global energy market experiences a sharp downturn, with crude oil benchmarks sliding significantly as supply anxieties ease.
placeholder
Bitcoin Price Trend Forecast: Continued ETF Outflows Limit Bitcoin Price Rebound Space, $58,000 Becomes Key Level for Bulls and Bears As of the European trading session on July 1, Bitcoin ( BTC) fluctuated around $58,700, hitting a new year-to-date low of $57,800 earlier in the day before recovering slightly, though it
Author  TradingKey
Yesterday 10: 23
As of the European trading session on July 1, Bitcoin ( BTC) fluctuated around $58,700, hitting a new year-to-date low of $57,800 earlier in the day before recovering slightly, though it
goTop
quote