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The Latest Breaking News from David Sacks

Trump's CFTC Pick Mike Selig Pledges To 'Work Tirelessly' To Make US The Global 'Crypto Capital'

Mike Selig, the newly appointed Chair of the Commodity Futures Trading Commission, pledged on Saturday to support President Donald Trump’s goal of making the U.S. the world’s “Crypto Capital.”

Benzinga

Coinbase CEO Brian Armstrong 'Bullish' On Getting Key Crypto Legislation Passed By Year-End: 'We're 90% There'

Coinbase Global Inc. (NASDAQ:COIN) CEO Brian Armstrong expressed optimism on Thursday about the future of cryptocurrency regulations in the U.S., noting that both Democrats and Republicans are on the same page.

Benzinga

Reid Hoffman rallies behind Anthropic in clash with the Trump administration

Reid Hoffman defends Anthropic amid a growing rift in Silicon Valley, as AI czar David Sacks criticizes the company’s approach to regulation and safety.

Fortune

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Trump claims ‘unquestioned power’ in vow to send troops to San Francisco

President claims on Fox News ‘they want us in San Francisco’ despite opposition from city officials

The Guardian - US

Maye Musk Says She Only 'Lasted' Until 11 PM At Elon's Saturday Meetings, Agrees With Trump's AI Czar No One Works Harder Than Her Son

Maye Musk shared insights into her son and Tesla Inc. (NASDAQ:TSLA) CEO Elon Musk‘s work habits, emphasizing his dedication. In a social media post on Sunday, she recounted attending his Saturday meetings, which featured diverse and passionate groups every hour.

Benzinga

New AI battle: White House vs. Anthropic

The fight is as much about state-level regulations as it is federal ones.

Axios

Alibaba's Joe Tsai Pushes Back On US-China 'AI Race' Rhetoric: 'Why Would Any One Country...'

Alibaba Group Holding Ltd (NYSE:BABA) Chairman Joe Tsai shared his thoughts on the U.S.-China AI competition this week, suggesting that the U.S. should reconsider its approach.

Benzinga

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Nvidia CEO Jensen Huang Reportedly Frustrated As Trump's Commerce Secretary Slows UAE Chips Deal Over China Link

A multibillion-dollar deal for Nvidia Corporation (NASDAQ:NVDA) to supply advanced AI chips to the UAE has been stalled for months, reportedly frustrating CEO Jensen Huang as U.S. Commerce Secretary Howard Lutnick pushes Abu Dhabi to finalize investments before shipments proceed.

Benzinga

Elon Musk Says xAI Is Building 'Grokipedia' To Replace Wikipedia: 'Will Be A Massive Improvement'

On Tuesday, Elon Musk said his xAI startup is building a rival to Wikipedia, called "Grokipedia," which he stated will be a "massive improvement" over the popular online encyclopedia.

Benzinga

US Could Lose AI Race To China, Warns Ex-Google CEO Eric Schmidt: 'They're...Applying It To Everything'

Former Google CEO Eric Schmidt said the U.S. risks losing its edge in artificial intelligence as China rapidly advances in applied AI and open-source technologies.

Benzinga

Trump's Crypto Czar, Mideast Envoy Under Scrutiny As Elissa Slotkin Seeks Probe Into David Sacks, Steve Witkoff's Alleged UAE Crypto Gains

Sen. Elizabeth Warren (D-Mass.) and Sen. Elissa Slotkin (D-Mich.) demanded an investigation Wednesday into potential conflicts of interest concerning Trump administration officials David Sacks and Steve Witkoff, and their association with the World Liberty Financial cryptocurrency venture.

Benzinga

Elizabeth Warren Wants To Probe Trump's Crypto Czar And How David Sacks Is 'Overstaying' His 130-Day Term Limit: Another Example Of Corruption

Sen. Elizabeth Warren (D-Mass.) raised concerns on Tuesday over potential conflicts of interest involving the Trump administration’s Crypto AI Czar, David Sacks.

Benzinga

White House AI Czar David Sacks Warns Washington Must Let US Chipmakers Like Nvidia Sell Abroad Or Risk Forfeiting AI Race To Huawei And China

On Thursday, White House AI and crypto czar David Sacks urged Washington to update export control policies, warning that restricting U.S. companies like Nvidia Corp. (NASDAQ:NVDA) from selling chips abroad could hand Chinese companies such as Huawei Technologies the advantage in the global race for artificial intelligence dominance.

Benzinga

Donald Trump Is Not the Bitcoin President

He’s the stablecoin president, seeking to expand the monetary power and borrowing capacity of the U.S. government.

Reason

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Benzinga

Elon Musk Says The Government Is 'Unfixable,' Hails Trump's Crypto Czar David Sacks: 'Haven't Been To DC Since May'

Billionaire and Tesla Inc. (NASDAQ:TSLA) CEO Elon Musk has said that he hasn't been to Washington, D.C. since May, calling his time with the Trump administration a "side quest."

Benzinga

Peter Thiel Believes You 'Get Many Chances' In Life, But If You Do This One Thing Then You Don't

Peter Thiel says success rarely comes just once and that entrepreneurs can earn multiple shots at it if they keep iterating after missteps.

Benzinga

Mark Cuban Asks If AI Kills Jobs, Why No Office Occupancy Decline? Trump AI Czar Says Fears 'Overhyped'

On Monday, Mark Cuban questioned why major office buildings in U.S. cities aren't seeing dramatic drops in occupancy despite concerns that white-collar layoffs and workforce reshaping are being driven by AI and automation.

Benzinga

Trump's First-Term Ban On EUV Tools Stalled Huawei, SMIC, Cambricon — Now China's Chip Factories Are Roaring Back, Warns David Sacks

White House-appointed “Crypto Czar” David Sacks warned Wednesday that Chinese semiconductor manufacturers are surging back despite previous export controls, citing new production data showing China’s chipmakers planning to triple artificial intelligence processor output.

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Fortune

OpenAI’s president and Andreessen Horowitz are helping lead a $100 million Silicon Valley push against tougher AI laws and the lawmakers behind them

The organization will support politicians who are friendly to AI “innovation.”

Benzinga

David Sacks, Chamath Palihapitiya Warn Pre-Product AI Founders Against Rejecting Multi-Billion Dollar Acquisition Offers

Tech investors David Sacks and Chamath Palihapitiya cautioned AI startup founders about the risks of turning down massive acquisition offers before even releasing a product.

Fortune

Trump’s AI czar plants flag in ‘doomer’ debate. Here’s why he thinks humans are still in control of the Pandora’s Box they’ve opened

“Right now the current situation is Goldilocks,” says David Sacks, special adviser to the White House for AI and crypto.

Fortune

This unprecedented shift in unemployment suggests AI could strand white-collar knowledge workers in a jobless recovery after the next recession

“A much larger unemployment risk and anemic recovery prospects for these workers might cause the next labor market downturn to look pretty dismal.”

Benzinga

Trump Greenlights Bitcoin In $40 Trillion 401(k)s: Peter Schiff Calls It A 'Gamble' With Retirement Savings — What Others Said

President Donald Trump signed executive orders on Thursday allowing cryptocurrency investments in 401(k) retirement plans, potentially opening $40 trillion in retirement savings to digital assets like Bitcoin (CRYPTO: BTC).

Benzinga

Ray Dalio, David Sacks Say They Would Have Fired Labor Bureau Commissioner Trump Removed: Here's Why

Billionaire investor Ray Dalio has weighed in on President Donald Trump's decision to dismiss Bureau of Labor Statistics Commissioner Erika McEntarfer, following last week's sharp downward revision to U.S. jobs data.

Benzinga

Trump's AI Czar Says Tech Behind Chatbots Won't Kill Jobs: 'Narrative Is Overhyped'

As debates over AI-driven job displacement intensify, Silicon Valley investor and economic commentator Balaji Srinivasan and White House AI and crypto czar David Sacks say the real story is that humans remain essential, guiding and verifying AI at both ends of the workflow.

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