Insider Brief
- Dr. Lawrence H. Summers, former U.S. Secretary of the Treasury, joins SandboxAQ’s advisory board to enhance AI platform deployments.
- Summers brings a wealth of experience from his roles on boards like OpenAI and advisory positions with major financial firms.
- He aims to leverage his economic and technological expertise to advance SandboxAQ’s impact in sectors such as biopharma, national security, and financial services.
SandboxAQ, an AI-focused company, has announced the addition of Dr. Lawrence H. Summers, former U.S. Secretary of the Treasury, to its advisory board, according to a company blog post. Summers has extensive experience in government and the financial sector, which will be pivotal in advancing the company’s AI platforms in the U.S. and globally.
Summers said, “I am excited to join the Board of Advisors at SandboxAQ, a company at the forefront of integrating AI and advanced compute to tackle some of the most pressing global challenges. AI is now moving to new levels of impact and SandboxAQ is at the forefront of Large Quantitative Models (LQMs) and applying these AI tools to biopharma, national security, and financial services. I look forward to contributing my experience and insights to help SandboxAQ continue its service of the world’s leading public and private sector institutions.”
Currently, Summers serves on several prestigious boards including OpenAI and Skillsoft, and offers advisory services to major firms like D. E. Shaw & Co. and Citigroup.
Jack Hidary, CEO of SandboxAQ, commented on the appointment, saying, “Larry’s experience and focus is at the nexus of technology and economic trends. We are pleased to welcome him to our Braintrust and look forward to his counsel as we continue on our mission to apply quantitative AI and LQMs to the biggest sectors of the economy.”
Summers’ career is marked by his tenure as the 71st Secretary of the Treasury during the Clinton Administration, where he played a key role in the longest period of sustained economic growth in U.S. history and achieved a national budget surplus.
He also served as the Chief Economist of the World Bank, tackling international financial crises and influencing global economic policies. His leadership extends to co-chairing major international panels, including the G20 Independent Expert Group on Strengthening MDBs and the G20 High Level Independent Panel on Pandemic Preparedness.
In academia, Summers is the President Emeritus of Harvard University and holds the position of Charles W. Eliot Professor and Director of the Mossavar-Rahmani Center for Business and Government. His scholarly contributions include over 150 papers and his election to the National Academy of Sciences in 2002.
Additionally, Summers holds leadership roles at the Center for Global Development and the Peterson Institute for International Economics, contributing to both non-profit and public policy spheres. Recognized globally for his influence on economic policies, Dr. Summers continues to shape discussions through various platforms including speeches, television, and publications.
