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David Sacks

All articles tagged with #david sacks

politics19 days ago•67 min saved

Tech Billionaires Align with Trump: A MAGA-Politics Confluence

The Daily Beast’s Jonathan Weber argues that Trump’s rise has pulled fringe tech figures—Thiel, Sacks, and Zuckerberg—into the corridors of power, turning their long-standing business and ideological ambitions into political influence. Thiel and Sacks have been early Trump allies, with Sacks serving as AI/Crypto adviser and Thiel a PayPal Mafia figure, while Zuckerberg has been labeled “MAGA Mark” as he shifts to align with Trump’s political clout. The piece frames this as a broader trend of tech oligarchs leveraging political power to benefit their influence and profits.

via The Daily Beast|

#david-sacks #maga #mark-zuckerberg

politics1 month ago•64 min saved

White House Fractures Over AI Rules After Trump’s Reversal

A White House rift has formed over President Trump’s abrupt postponement of a planned executive order on artificial intelligence. David Sacks pushes for a faster, lighter regulatory touch, while Pete Hegseth and Emil Michael advocate more caution; Susie Wiles and Scott Bessent sit in the middle. The administration has been negotiating a framework with OpenAI, Google, and Anthropic that would require government insight into AI models without mandating compliance, but no final path has been set as factions jockey for influence.

via The Daily Beast|

#ai-regulation #artificial-intelligence #david-sacks

politics1 month ago•7 min saved

Industry pushback stalls Trump's AI safety plan

President Donald Trump abruptly postponed his planned AI executive order after David Sacks pressed concerns that a government-mandated review could slow innovation and jeopardize the U.S. lead in AI; the measure would have established a voluntary federal review for frontier models, sparking mixed industry reactions and last-minute attendance issues from major tech CEOs.

via Politico|

#ai #david-sacks #executive-order

technology3 months ago•3 min saved

Sacks Steers Trump's AI Drive From Outside the White House

David Sacks will continue shaping Trump's AI policy from outside the White House as co-chair of PCAST, lifting some conflict-of-interest restrictions while staying a central adviser; he launched a new $100 million Innovation Council Action to push the Trump AI agenda, even as GOP critics warn that his deregulatory stance may clash with voter concerns and the administration navigates policy tensions with China and Big Tech setbacks.

via Axios|

#ai-policy #david-sacks #pcast

technology-and-us-politics3 months ago•4 min saved

New pro‑AI group pledges $100m to influence US midterms amid regulation debate

A fresh pro‑AI political group, Innovation Council Action, backed by Donald Trump adviser David Sacks and led by Taylor Budowich, plans to spend at least $100 million to back midterm candidates, signaling AI policy as a key battleground. The effort adds to a slate of pro‑AI fundraising as Washington weighs a federal regulatory framework versus state rules, with Sacks arguing for a single national standard. The move comes alongside other industry‑funded efforts and shifting public opinion on AI oversight.

via Financial Times|

#ai-regulation #david-sacks #political-fundraising

world3 months ago•35 min saved

Trump’s AI czar warns off-ramp needed as Iran conflict could render Gulf states uninhabitable

Fortune contributor and Trump’s AI/crypto czar, David Sacks, warned that extending the U.S.-Israel war on Iran could trigger catastrophic escalation—potentially destroying desalination plants that supply the Gulf region’s water and leaving the Gulf states almost uninhabitable—and urged finding an off‑ramp and pursuing de-escalation to avert humanitarian and economic catastrophe.

via Yahoo|

#david-sacks #de-escalation #desalination

technology1 year ago•5 min saved

David Sacks Appointed as Trump's AI and Crypto Czar, Impacting Tech Industry

Donald Trump plans to appoint David Sacks as AI 'Czar' with Elon Musk as head of a Department of Government Efficiency, potentially impacting OpenAI. Both Sacks and Musk have been critical of OpenAI, and their new roles could allow them to influence government AI contracts and regulations to favor their own interests. This development comes as OpenAI is undergoing significant changes, including a potential shift to a for-profit structure. The situation highlights the complex interplay between business interests and government regulation in the AI sector.

via Fortune|

#ai-regulation #david-sacks #elon-musk

technology1 year ago•0 min saved

David Sacks Appointed as Trump's AI and Crypto Czar, Sparking Tech Industry Buzz

David Sacks, appointed by President-elect Donald Trump to oversee AI and cryptocurrency policy, is known for his tech-friendly stance and skepticism towards government regulation. Despite lacking deep ties to these industries, Sacks is expected to keep the U.S. at the forefront of innovation and protect emerging technologies from perceived censorship and bias.

via Bloomberg|

#ai #cryptocurrency #david-sacks

politics1 year ago•2 min saved

David Sacks Appointed as Trump's AI and Crypto Czar

President-elect Donald Trump has appointed David Sacks as his new head of artificial intelligence and cryptocurrency policy. Sacks, a tech entrepreneur and member of the "PayPal Mafia," will focus on safeguarding free speech online, addressing Big Tech bias, and establishing a legal framework for the US crypto industry. He will also lead the Presidential Council of Advisors for Science and Technology. Sacks has a background in tech and film production, having co-founded companies like Yammer and invested in numerous tech ventures.

via Euronews|

#ai #cryptocurrency #david-sacks

technology1 year ago•4 min saved

David Sacks Appointed as Trump's Crypto and AI Czar Amid Industry Buzz

David Sacks, a venture capitalist and former PayPal executive, has been appointed by President-elect Donald Trump as the White House AI & Crypto Czar, a role aimed at positioning the U.S. as a leader in these fields. The crypto industry has welcomed the appointment, seeing it as a positive shift from the previous administration's regulatory challenges. Sacks will lead a council to develop policies and a legal framework for crypto businesses, working with agencies like the SEC and CFTC. His appointment is seen as aligning with Trump's crypto-friendly campaign promises.

via WIRED|

#ai #crypto #david-sacks

finance1 year ago•3 min saved

Key Market Insights: Jobs Data and Friday's Stock Moves

Ahead of the November jobs report, U.S. stock futures remain flat, with economists expecting a rebound in employment figures. Lululemon shares rise after strong revenue growth and an improved sales forecast, while Docusign's stock surges following a quarterly profit that exceeded expectations. President-elect Donald Trump appoints David Sacks as "White House A.I. & Crypto Czar" to guide policy on artificial intelligence and cryptocurrency.

via Investopedia|

#david-sacks #docusign #finance

politics1 year ago•2 min saved

David Sacks Appointed as Trump's AI and Crypto Czar

President-elect Trump has appointed David Sacks, a Silicon Valley veteran and ally of Elon Musk, as the "White House AI & Crypto Czar." Sacks, known for his conservative-libertarian views, will focus on promoting and deregulating cryptocurrency, reversing Biden's AI policies, and competing with China in AI. His role as a special government employee allows him to avoid confirmation hearings and financial disclosures, raising concerns about potential conflicts of interest as he continues to run his private ventures.

via Axios|

#ai-policy #cryptocurrency #david-sacks

politics1 year ago•2 min saved

Trump Appoints David Sacks as AI and Crypto Czar

President-elect Donald Trump has appointed David Sacks, a tech entrepreneur and former PayPal COO, as the White House Artificial Intelligence and Crypto Czar. Sacks, a longtime ally of Elon Musk, will focus on advancing U.S. leadership in AI and cryptocurrency, safeguarding free speech online, and developing a legal framework for the crypto industry. He will also lead the Presidential Council of Advisors for Science and Technology.

via ABC News|

#ai #cryptocurrency #david-sacks

politics1 year ago

David Sacks Appointed as Trump's AI and Crypto Czar

Former President Donald Trump has appointed David Sacks to oversee initiatives related to cryptocurrency and artificial intelligence. This move highlights the growing importance of these technologies in political and economic strategies.

via The New York Times|

#artificial-intelligence #cryptocurrency #david-sacks

politics1 year ago•2 min saved

Trump Appoints David Sacks as AI and Crypto Czar

Donald Trump has appointed former PayPal COO David Sacks as his top adviser on artificial intelligence and cryptocurrency, dubbing him the 'White House A.I. & Crypto Czar.' Sacks, a major Trump supporter, will focus on creating a legal framework for the crypto industry and addressing online speech and tech bias. This move aligns with Trump's pro-crypto stance and follows other similar appointments, including Elon Musk and Paul Atkins.

via Cointelegraph|

#ai #cryptocurrency #david-sacks