Larry Summers Resigns From OpenAI Board After Trump Orders Investigation Into Democrats’ Ties With Epstein: Report

• Summers’ conversations with Epstein were revealed last week following the release of 20,000 documents from Epstein’s estate by the House Oversight and Government Reform Committee.
• The economist and former U.S. Treasury Secretary said he was “deeply ashamed” of his actions following the release of the documents, according to an NBC News report.
• He added that he would be stepping back from all public commitments while continuing to fulfill his teaching obligations.

Former U.S. Treasury Secretary Larry Summers on Wednesday reportedly resigned from OpenAI’s board of directors after President Donald Trump ordered the Department of Justice to launch an investigation into Democrats’ ties to convicted sex offender Jeffrey Epstein.

According to a report by Axios citing statements from Summers and OpenAI, the economist said he was “grateful” for the opportunity to serve on the AI startup’s board. 

OpenAI is not publicly listed. Retail sentiment on Stocktwits around the company trended in the ‘bearish’ territory at the time of writing.

Summers’ Conversations With Epstein

Summers’ conversations with Epstein were revealed last week after the House Oversight and Government Reform Committee released over 20,000 documents that it had obtained from Epstein’s estate through a subpoena.

“I am deeply ashamed of my actions and recognize the pain they have caused. I take full responsibility for my misguided decision to continue communicating with Mr. Epstein,” Summers said, according to a report by NBC News.

He added that he would be stepping back from all public commitments while continuing to fulfill his teaching obligations, according to the report.

Summers’ And OpenAI Board

Summers had joined the OpenAI board in 2023, amid a tumultuous period for the AI startup, which saw its co-founder, Sam Altman, briefly ousted from the company.

In a 2024 opinion piece in The Economist, Summers and former co-CEO of Salesforce, Bret Taylor, defended Altman as “highly forthcoming” and dismissed concerns raised by former OpenAI board members, Helen Toner and Tasha McCauley.

“In six months of nearly daily contact with the company we have found Mr Altman highly forthcoming on all relevant issues and consistently collegial with his management team,” they said.

Also See: Target Partners With OpenAI To Offer A Curated Shopping Experience Through Apps For ChatGPT

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