Rocket Companies has appointed an AI-oriented independent director to its Board of Directors, according to a press release.
The new addition, Alex Rampell, is a general partner at Andreessen Horowitz who focuses on fintech investments.
Described as a “serial entrepreneur,” he co-founded companies like Affirm, a leader in “buy-now-pay-later,” and TrialPay, a transactional advertising and payments company that was acquired by Visa in 2015.
Rampell now promotes the responsible use of AI, which he says will bring about a new era of transformation and disruption in the financial services space.
“When I heard [CEO Varun Krishna] speak about the AI tools Rocket is creating, and the massive amount of data at their fingertips, I was simply blown away,” said Rampell.
“I’m looking forward to working closely with leadership and the Board to learn even more about how we can make Rocket the leader in using AI to simplify the process of buying, selling, and financing homes.”
Rampell also serves on the boards of several Andreessen Horowitz portfolio companies, including Branch, Brightside, Descript, Divvy, Earnin, and FlyHomes, among others.
Rocket says the appointment, as well as last year’s addition of Krishna to the Board, advances its commitment to a fintech and AI-driven future.
“Alex possesses a rare and remarkable perspective on the intersection of technology, finance, and emerging trends,” said Dan Gilbert, Founder and Chairman of Rocket Companies.
“I look forward to his insight and having his influence on our business as we continue pursuing our mission of AI-powered homeownership.”
Rocket is using generative AI to automate routine and complex tasks, leading to a simpler homebuying experience. Company leaders say they have generated about 3.7 billion customer interactions and decisions using AI in just one year.
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