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Fortune
Fortune
Eva Roytburg

You don’t hate AI because of genuine dislike. No, there’s a $1 billion plot by the ‘Doomer Industrial Complex’ to brainwash you, Trump’s AI czar says

David Sacks, U.S. President Donald Trump's AI and Crypto Czar, speaks to press outside of the White House on March 07, 2025 in Washington, DC. (Credit: Kayla Bartkowski/Getty Images)

Artificial intelligence may be the most widely adopted technology in modern history, but it’s also one of the least trusted. 

That disconnect, David Sacks insists, isn’t because AI threatens your job, privacy and the future of the economy itself. No – according to the venture-capitalist-turned-Trump-advisor, it’s all part of a $1 billion plot by what he calls the “Doomer Industrial Complex,” a shadow network of Effective Altruist billionaires bankrolled by the likes of convicted FTX founder Sam Bankman Fried  and Facebook co-founder Dustin Moskovitz. 

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