Billionaire philanthropist and former energy trader John Arnold was elected to the Meta board of directors in February 2024. In this interview for "Bloomberg Wealth with David Rubenstein" at an event for law firm Baker Botts, Arnold outlines the challenges that the surging demand for artificial intelligence poses to the energy infrastructure. This interview was recorded May 3. -------- Like this video? Subscribe to The David Rubenstein Show on YouTube: / @davidrubenstein
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You've been elected to the meta board used to be known as Facebook and obviously more than Facebook. So how did that come about.
Did you know Mark Zuckerberg or did he invest in your fund and he really liked the returns or how did you come about. Are you a tech
person as well. I am not a tech person which made the invitation even that much more surprising. But I had known Mark a little
bit, had spent some time with them and knew Mark Andreessen who's the longest standing external board member on meta as well. And I
think they were looking for somebody who had some energy expertise. The amount of infrastructure that's required to run the data
centers for AI is immense and the industry is under a real challenge. It's putting tremendous challenge upon the utility industry and
the electric industry in general. But the tech platform companies that are involved in AI are really struggling with this. I think my
background in public policy is an asset to them. And then my background as an investor is helpful as well.
