Larry Summers on AI governance says OpenAI technology ‘extraordinarily important’

Recently the news has come on the internet that Larry Summers has been selected as a board member at artificial intelligence startup OpenAI, and described the importance of the company’s work as “extraordinarily important.” Larry Summers is Charles W. Eliot Professor and President Emeritus a Harvard University. Since the news came on the internet it has gone viral on many social media platforms. Now lots of people are searching the news as they are super curious to know about the whole information about the news. In this article, we will give complete information about the news, so let’s continue the article.

Larry Summers

Larry Summers highlighted the significance of OpenAI operating as a “corporation with a conscience.” As per the report, Larry Summers spoke on Bloomberg Television’s Wall Street Week with critical government officers on regulatory matters, national security topics, on development of technology issues. The statements provide information about Summers, an ex-US treasury secretary, in his role at the Silicon Valley startup. This week he officially became a member of OpenAl’s board after a turbulent leadership dispute that captured the attention of Silicon Valley. Scroll down to the next page for more information about the news.

Reportedly, on 17 November 2023, Friday, the board dismissed CEO Sam Altman, only to later reach an agreement for his reinstatement. Later, a board majority reliable for Altman’s acquittal resigned, creating a way for a new set of leaders, including Summers and former Salesforce Inc., co-CEO Bret Taylor. When asked about his strategy for providing secure governance of the firm, Summers responded,” I have been on the job two days,” highlighting that his onboarding packet for the position is anticipated to reach this weekend. You are on the correct page for getting more information about the news, so read the complete article till the end.

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Summers sits on a couple of tech boards already: Block Inc., Jack Dorsey’s payments company, and the software firm Skillsoft Corp. He was named an adviser to powerhouse experience capital company Andreessen Horowitz in 2011 but is not publicly involved with its recent investments. He led the Treasury Department in the Clinton administration and worked as a financial adviser in the Obama administration serving as president of Harvard University in between. He has been a paid contributor to Bloomberg Television. The few comments created about Al have centered on the labor impact. Here we have shared all the information that we had. Stay tuned to us for more updates.

Gurleen Kaur

I'm a science graduate from the Ahmadu Bello University, Nigeria. My passion for writing has brought me to into the field of content.