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OpenAI adds BlackRock exec Adebayo Ogunlesi to board of directors

1. Adebayo Ogunlesi joins OpenAI's board, enhancing infrastructure investment focus. 2. BlackRock acquired Global Infrastructure Partners for $12 billion last year. 3. OpenAI's transformation to a for-profit structure could impact investment strategies. 4. Ogunlesi believes infrastructure investment is key to unlocking AI's potential.

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FAQ

Why Bullish?

The linkage of BlackRock with influential tech boards can enhance investor confidence, reminiscent of past tech investments boosting financial institutions.

How important is it?

Ogunlesi's role could bolster BlackRock's reputation in AI infrastructure investments, influencing market perception and strategy.

Why Long Term?

Strategic involvement in AI by BlackRock may lead to future investment growth, similar to past tech booms.

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