The sprawling fallout from the Jeffrey Epstein document release has reached the technology sector’s most prominent boardroom, with Larry Summers resigning from OpenAI following the disclosure of frequent correspondence with the disgraced financier.
The former US Treasury Secretary announced his departure on Wednesday after Congress released emails revealing he sought advice from Epstein regarding a romantic relationship and engaged in banter about women’s intelligence between 2017 and 2019, reports The New York Times.
“In line with my announcement to step away from my public commitments, I have also decided to resign from the board of OpenAI,” said Summers. “I am grateful for the opportunity to have served, excited about the potential of the company and look forward to following their progress.”
Summers joined the artificial intelligence company in 2023 to stabilize its governance following the brief ousting of CEO Sam Altman. Along with Bret Taylor and Adam D’Angelo, he was instrumental in reinstating Altman and expanding the board, helping guide the company to a valuation exceeding $500 billion.
His exit removes a reputational liability as OpenAI transitions from a non-profit blend to a traditional for-profit structure.
“Larry has decided to resign from the OpenAI Board of Directors, and we respect his decision,” the OpenAI board said in a statement.
Retreat from public life
The resignation is part of a broader retreat from public life for the 70-year-old economist. Harvard University, where Summers previously served as president, announced it would conduct a review of interactions between university officials and Epstein to “evaluate what actions may be warranted,” reports The Wall Street Journal.
Summers has also stepped down from positions at the Center for Global Development and the Peterson Institute for International Economics.
“I am deeply ashamed of my actions and recognise the pain they have caused. I take full responsibility for my misguided decision to continue communicating with Mr. Epstein,” Summers said.
