A.I. Belongs to the Capitalists Now

Nov 23, 2023 ·

OpenAI, the leading artificial intelligence company, announced its new board of capitalists and venture capitalists on November 22nd, 2023. The board consists of notable investors from Google Ventures, Andreessen Horowitz, Kleiner Perkins, and Sequoia Capital.

The board is responsible for guiding OpenAI’s board of directors in its investments, setting corporate strategy, and overseeing financial management. It also has a mandate to encourage collaboration with external partners and to ensure the ethical use of AI technology.

OpenAI was founded by tech giants like Elon Musk, Peter Thiel, Reid Hoffman, Sam Altman, and Greg Brockman. Its mission is to enable humans to benefit from advances in AI instead of being threatened by them.

The board of capitalists and venture capitalists will be chaired by Sam Altman, president of OpenAI. He will be joined by David Sacks, partner at Craft Ventures; Ajay Agarwal, general partner at Bain Capital Ventures; Eric Feng, partner at Kleiner Perkins; and Garry Tan, founding partner at Initialized Capital.

In addition to their roles on the board, the members will also provide technical expertise and resources to accelerate OpenAI's progress. Agarwal and Feng both have experience investing in AI-related companies, while Sacks focused on software as a service. Tan is an experienced entrepreneur who has previously built successful startups.

This announcement follows OpenAI's announcement earlier this year that it had raised $1 billion in funding, making it one of the most well-funded companies in the tech industry. With the new board and funding, OpenAI looks set to make significant strides in the world of AI research.