Nscale adds former OpenAI exec Fidji Simo to its board ahead of potential IPO
The No. 2 exec at OpenAI also led Instacart through its IPO in 2023.
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Nscale adds former OpenAI exec Fidji Simo to its board ahead of potential IPO
Nscale, the buzzy U.K.-based AI data center startup, has appointed former OpenAI, Meta, and Instacart executive Fidji Simo to its board.
Simo joins high-profile tech executives Sheryl Sandberg, Susan Decker, and Nick Clegg on Nscaleβs board ahead of the startupβs anticipated IPO this fall.
Formerly CEO of AGI deployment at OpenAI, essentially the No. 2 executive at the AI lab, Simo left the company in July citing health reasons. She still advises the company on a part-time basis. Before OpenAI, Simo was chair and CEO of Instacart, where she led the company through its 2023 IPO. She also spent more than a decade at Meta, including as head of the Facebook app. Simo also sits on Shopifyβs board.
Nscaleβs founder and CEO, Josh Payne, said Simo is one of the few leaders who understand what it means to scale products used by billions of people and the demands those products place on the underlying systems.
βThatβs what weβre building for at Nscale,β he said in a statement. βFidji joins a board weβve built deliberately, with the experience of scaling platforms to the largest in the world, and the independence, financial rigor and operating depth to which companies at this scale are held.β
Nscaleβs valuation has skyrocketed since it was founded just two years ago on the back of booming demand for AI infrastructure. The startup, which designs, builds, and operates AI data centers, is reportedly trying to raise up to $3.5 billion ahead of a planned IPO, Bloomberg reported last week, citing unnamed sources.
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