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David Vélez and Robin Vince join the boards of the OpenAI Foundation and OpenAI Group PBC

OpenAI Blog 21 July 2026, 00:00

David Vélez and Robin Vince joined the boards of both the OpenAI Foundation and OpenAI Group PBC. No financial figures, timeline details, or specific governance changes were disclosed in the announcement. Their addition brings experience in finance and technology to OpenAI's leadership structure.

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David Vélez and Robin Vince join the boards of the OpenAI Foundation and OpenAI Group PBC, bringing global leadership in finance, technology, and governance.

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TLDRocket 30 July 2026

The AI investment thesis is fracturing. Amazon and Microsoft are thriving on the back of sustained cloud spending for AI infrastructure, with Amazon reporting 37% AWS revenue growth and $220 billion in capex commitments for 2026, while investors show clear skepticism toward AI labs and startups without dependable revenue streams. Situational Awareness, the hedge fund founded by Leopold Aschenbrenner, exemplifies the risk: after betting heavily on AI memory chips and energy plays, it's liquidating most of its public portfolio after losing roughly half its assets in recent months, retaining only its $5 billion Anthropic stake in hopes of October's expected IPO.

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David Vélez and Robin Vince join the boards of the OpenAI Foundation and OpenAI Group PBC

Why it matters

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