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Headline : Trumps AI and crypto czar will be David Sacks, a venture capitalist and Elon Musk ally

Read more from the original article on here at qz.com.





Tags : #trumps #ai #crypto #czar #david #sacks #venture #capitalist #elon #musk #ally


No. of Paragraph 9

President-elect Donald Trump has named David Sacks as the White House’s artificial intelligence and cryptocurrency czar, giving the venture capitalist and vocal Republican donor influence over his administration’s policies.

“David will focus on making America the clear global leader in both areas. He will safeguard Free Speech online and steer us away from Big Tech bias and censorship,” Trump wrote on Truth Social on Thursday night. “He will work on a legal framework so the Crypto industry has the clarity it has been asking for, and can thrive in the U.S.”

The “PayPal (PYPL+0.74%) Mafia” member gained notoriety as chief operating officer for the payments firm, working alongside Tesla (TSLA-1.20%) CEO Elon Musk and Palantir (PLTR+5.96%) co-founder Peter Thiel. He later founded Yammer (MSFT-0.20%), which was acquired by Microsoft, and briefly led human resource management firm Zenefits.

In 2017, he founded Craft Ventures, which has investments in a number of firms working on AI and crypto, as well as some related to his allies. His investments include Palantir, Musk’s Neuralink, xAI, X, The Boring Company, and SpaceX, as well as Airbnb (ABNB+4.82%), Uber (UBER+0.76%), and Meta (META-0.11%).

Read more from the original article on here at qz.com.


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