Mark Hunter
Sat Dec 7 2024 11:56 :32
Reading Time: 2 minutes
- Donald Trump, the President-elect has named venture capitalist David Sacks to be the White House’s AI & Crypto Czar.
- Sacks has been tasked to develop policies that will enhance US competitiveness within the artificial intelligence and cryptocurrency sector
- Sacks will also head the Presidential Council of Advisors for Science and Technology. He will focus on protecting free speech online and addressing Big Tech’s bias.
Donald Trump, the President-elect, has appointed David Sacks as White House AI and Crypto Czar. Sacks is a well-known venture capitalist and a former PayPal executive. Sacks’ role will be to formulate policies that bolster America’s leadership in crypto and artificial intelligence. He will also chair the Presidential Council of Advisors for Science and Technology, which is tasked with addressing issues such as online free speech and perceived Big Tech bias. Trump has been a proponent of AI and crypto on the campaign trail. This appointment shows that he is taking these sectors seriously.
Former PayPal Head Takes Key Role.
David Sacks is known for his tenure at PayPal as Chief Operating Officer, and as the co-founder and CEO of Craft Ventures. He has extensive experience in finance and technology. The appointment of David Sacks reflects the commitment of the incoming administration to advance the United States’ standing in emerging technologies. Sacks’ appointment reflects the incoming administration’s commitment to advancing the United States’ position in emerging technologies. Sacks’ focus will also be on safeguarding online free speech and addressing concerns about Big Tech bias and the censorship of it. Sacks takes on Council role
Sacks will take the role of a council member
Sacks, in addition to his duties as AI and Crypto Czars, will also lead the Presidential Council of Advisors for Science and Technology. He will be responsible for providing strategic advice on technological and scientific issues to ensure that the US is at the forefront in innovation. Sacks, a former PayPal executive who has had a significant impact on the tech industry, is a part of Silicon Valley’s “PayPal Mafia”
. Sacks’ ventures include the founding of enterprise software company Yammer which was sold to Microsoft for $1.2 billion in 2012. Sacks’s appointment is seen by many as a strategic step to bring experienced leadership from the tech industry into federal policy, with aims to improve US competitiveness in key technological sectors.
The administration is committed to promoting innovation, addressing regulatory issues, and positioning the United States as the global leader in artificial-intelligence and cryptocurrency.