Following the completion of its business combination, Exascale Labs Inc., a provider of next-generation AI compute infrastructure, today announced the composition of its Board of Directors. Exascale Labs CEO Hoansoo Lee, Nobel Laureate David Card, Berkeley economist Shachar Kariv, Samsung Ventures' Jaeyoung Shin comprise the post-closing board of directors, led by Founding Investor Wenying Jia.
"We are pleased to have completed our business combination and are confident in our strategy, balance sheet, and leadership team as we move forward as a publicly traded company," said Hoansoo Lee, Chief Executive Officer of Exascale Labs. "Wenying, who chairs our Board, has been with us since inception, and she understands GPU infrastructure at a level very few investors do. We are especially honored to have David Card, a Nobel Laureate in Economic Sciences, on our Board. His empirical rigor and standing in the economics profession bring a level of analytical credibility that is rare in the AI infrastructure sector, and together with Shachar's and Jaeyoung's expertise, gives us a Board built for the discipline required to scale a capital-intensive compute platform in public markets."
Board of Directors: Following the closing of the Business Combination, the Board consists of Dr. Card, Dr. Kariv, Mr. Shin, Dr. Lee and Ms. Jia. Ms. Jia serves as Chair, and Dr. Card serves as Lead Independent Director.
David Card is a labor economist and Nobel Laureate, and is the Class of 1950 Emeritus Professor of Economics at the University of California, Berkeley, where he has been a member of the faculty since 1997. Prior to joining Berkeley, Dr. Card held academic appointments at Princeton University and the University of Chicago. He was awarded the 2021 Nobel Memorial Prize in Economic Sciences for his empirical contributions to labor economics, and is widely recognized for his work on labor markets, education, immigration and wage dynamics.
Shachar Kariv is an economist and the Benjamin N. Ward Professor of Economics at the University of California, Berkeley, a position he has held since 2014, having joined the Department of Economics faculty in 2003 and twice served as Department Chair. His research focuses on economic theory, experimental economics and behavioral economics.
"My research is in decision theory, game theory, and experimental economics, focused on how people and organizations make decisions under uncertainty," said Dr. Shachar Kariv, Benjamin N. Ward Professor of Economics, UC Berkeley. "AI infrastructure is a natural extension of that work, and the questions Exascale faces about capacity, pricing, investment timing, and how to allocate scarce compute are economic questions at their core. I'm looking forward to working on them from the board. From my experience, a board is most useful when it asks the right questions and challenges management's assumptions, not when it applies theory mechanically. That's what I hope to bring to Exascale."
Jaeyoung Shin is Vice President and Head of Asia at Samsung Ventures Investment Corporation, where he oversees the firm's investment activities across Greater China, Japan, India and Southeast Asia. Since joining Samsung Ventures in 2010, Mr. Shin has led and supported investments across semiconductors, AI chips, image sensors, display technologies and other advanced technology sectors.
Hoansoo Lee is a co-founder of Exascale and has served as Exascale's Chief Executive Officer and a member of its board of directors since June 2022. Previously, from 2020 to 2025, Dr. Lee was the founder and Chief Executive Officer of HSL Capital Management LLC, a multi-strategy hedge fund.
Wenying Jia, Chair, has served as a member of the board of directors of Exascale since inception and was among one of the company's earliest investors. Ms. Jia is an angel investor with experience in digital assets, cloud computing and emerging technology infrastructure, and has been involved in the digital asset sector since 2014, and expanded into GPU-based mining operations in 2017 as Ethereum's proof-of-work network gained adoption.
About Exascale Labs
Exascale is a next-generation AI infrastructure provider operating a software-defined GPU compute platform and related AI infrastructure solutions. Its business includes Token Factory, GPU-as-a-service, GPU cluster management and optimization, and infrastructure solutions spanning modular data centers, HVDC power, high-density cooling, and data center interconnectivity. Exascale's platform supports large-scale AI workloads, including training, fine-tuning, high-concurrency inference, and API-based token generation.
