Larry Summers resigns from OpenAI board amid Epstein document release

Larry Summers has resigned from the board of OpenAI following criticism over his correspondence with convicted sex offender Jeffrey Epstein. The former Harvard University president decided to step back from public commitments amid growing scrutiny of his ties to Epstein.

Lawrence Summers has stepped down from the board of OpenAI following the emergence of emails exchanged with Jeffrey Epstein. The former U.S. Treasury Secretary expressed deep shame over his connections to Epstein, a convicted sex offender, and indicated he would withdraw from public commitments as a result of the scandal.

Larry Summers, the former U.S. Treasury Secretary, has announced he will step back from public commitments following the emergence of documents detailing his email exchanges with Jeffrey Epstein. Summers expressed deep shame over his actions, which have drawn significant public scrutiny. The emails, spanning from 2016 to 2019, reveal a connection between Summers and Epstein, a convicted sex offender, raising concerns about Summers' judgment and associations.

Antoine Blondeau, cofounder of Alpha Intelligence Capital and an investor in OpenAI, highlights Singapore, South Korea, Taiwan, and India as key players in shaping the future of artificial intelligence (AI) in Asia. He emphasizes the potential of these markets to drive innovation and investment in AI technologies, positioning them as leaders in the global AI landscape.

Google CEO Sundar Pichai has commented on the growing concerns surrounding the artificial intelligence (AI) bubble, echoing sentiments shared by industry experts. The discussion gained momentum after OpenAI CEO Sam Altman indicated that it was acceptable to address the issue. Pichai's remarks reflect a broader acknowledgment within the tech community about the potential risks associated with inflated valuations in the AI sector.

A $100 million pro-AI super PAC, supported by Andreessen Horowitz and OpenAI president Greg Brockman, has targeted its first congressional race in New York. This move marks a significant entry of artificial intelligence into political campaigning, reflecting the growing influence of tech funding in elections. The PAC aims to promote candidates who support AI advancements, indicating a shift in political dynamics as technology increasingly shapes policy discussions.

Microsoft and Nvidia are set to invest up to $15 billion in AI start-up Anthropic, which is considered a competitor to OpenAI. This investment will support Anthropic's commitment to purchasing $30 billion in computing capacity from Microsoft, utilizing data centers powered by Nvidia chips. The collaboration highlights the growing competition in the AI sector, as major tech companies seek to enhance their capabilities in artificial intelligence.

Emmanuel Lubanzadio of OpenAI, Chris Maurice of Yellow Card, and Lexi Novitske of Norrsken22 discussed the role of AI, blockchain, and fintech in positioning Africa as a leader in global technology innovation. This conversation took place at the Bloomberg Africa Business Summit 2025 in Johannesburg, South Africa, highlighting the continent's potential to drive advancements in these sectors.