Who is Larry Summers, the controversial pick to join OpenAI’s board?

Larry Summers, an economist with a storied career spanning academia, policymaking, and finance, has recently assumed a pivotal role on the interim board of OpenAI, an organization at the forefront of driving AI’s commercialization and widespread adoption. However, his appointment is not without controversy, given his history of involvement in contentious decisions and his association with various controversies.

Academic and Policy Background: Born on November 30, 1954, into a family deeply rooted in academia, Summers quickly rose to prominence in the field of economics. Serving as the 71st United States Secretary of the Treasury from 1999 to 2001 and later as the director of the National Economic Council from 2009 to 2010, Summers played a crucial role in shaping the country’s response to economic crises, including those in Mexico, Asia, and Russia.

Controversial Policy Stances: Summers, however, has not been without his fair share of controversies. Notably, his role in advocating for the deregulation of the derivatives market in the 1990s, a move that later played a significant role in the 2008 financial crisis, has raised eyebrows. Additionally, his opposition to aggressive carbon emission goals and his involvement in decisions such as supporting the Gramm–Leach–Bliley Act in 1999 has drawn criticism.

Controversial Statements and Associations: Summers’ controversial remarks have extended beyond policy decisions. At Harvard, he faced backlash for suggesting that men could vastly outnumber women in fields requiring high aptitude in science. His association with sex offender Jeffrey Epstein, appearing on Epstein’s private jet’s flight logs, has also raised questions.

Mixed Reception: The reaction to Summers’ appointment to the OpenAI board has been polarized. While some admire his reputation as a brilliant economist and creative thinker, others, including Jeff Hauser from the Revolving Door Project, argue that his inclusion signals a lack of seriousness about humanity’s interests.

Admirers and Critics: Summers has a roster of admirers, including former President Obama and President Biden, who sought his advice. He has also been a sought-after consultant for companies like Citigroup and Nasdaq OMX Group, earning millions from advisory roles. However, journalists and critics have pointed out his tendency to consider many intellectually beneath him, showcasing a less amiable side.

Silicon Valley Connection: Summers’ influence extends into Silicon Valley, where he has held positions on the boards of companies like Block and Lending Club. His support for digital currencies as platforms for financial inclusion has been well-documented, although this was before legal issues arose for some of these entities.

In conclusion, Larry Summers’ appointment to OpenAI’s board adds a layer of complexity to the organization’s trajectory. As a man with a formidable intellect, a history of controversial policy decisions, and associations that raise eyebrows, Summers’ role in shaping the future of OpenAI sparks both intrigue and concern. Only time will reveal the impact of this decision on an organization pivotal to the advancement of artificial intelligence.