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The Latest Breaking News from David Sacks

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

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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

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

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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.

Benzinga

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.”

Fortune

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.

Benzinga

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.”

Fortune

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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.

Benzinga

Mark Cuban Urges Trump's AI Advisor To 'Make It Illegal' For LLMs To Serve Ads, Reminds Of Social Media's Algorithm Lessons

Billionaire entrepreneur Mark Cuban urged President Donald Trump‘s crypto advisor, David Sacks, on Saturday to ban advertising in artificial intelligence models, warning against repeating social media’s algorithmic mistakes that prioritize revenue over user experience.

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Benzinga

Jensen Huang Saw GPU Future While Others Chased CPUs — Trump AI Czar David Sacks Rejects Calls To Break Up Nvidia, Backs 'Build Baby Build' Strategy

White House AI and crypto czar David Sacks defended Nvidia Corp. (NASDAQ:NVDA) against breakup calls during an interview, citing the company’s visionary leadership and competitive market dynamics as President Donald Trump outlined his “build baby build” strategy for AI dominance.

Fortune

Trump’s AI agenda hands Silicon Valley the win—while ethics, safety, and ‘woke AI’ get left behind

At a Capitol Hill spectacle complete with VCs and billionaires, Trump sealed a new era of AI governance: deregulated, unapologetically pro-growth, and ethics-optional.

Euronews

No woke AI, more energy-hungry data centres, and winning the AI race: Inside Trump's AI Action Plan

Euronews Next breaks down what the US AI Action Plan means.

Fortune

Podcast, policy, and pomp in D.C. at the surreal celebration of Trump’s AI Action Plan

David Sacks, Trump’s AI czar, shared the stage with his cohosts from the All-In podcast on Wednesday, walking through various elements of the new 28-page AI Action Plan.

International Business Times

Trump Admin Unveils AI Strategy To Maintain US Dominance

President Donald Trump's administration unveiled an aggressive, low-regulation strategy on Wednesday boosting big tech's race to stay ahead of China on artificial intelligence and cement US dominance in the fast-expanding field.

The Independent UK

The Latest: Trump will reveal ‘AI Action Plan’ shaped by his Silicon Valley supporters

An artificial intelligence agenda formed on the podcasts of Silicon Valley billionaires is now being set into U.S. policy as President Donald Trump leans on the ideas of the tech figures who backed his election campaign

Benzinga

Jamie Dimon Trying To Undermine Trump's Plans To Make US Crypto Capital Of The World, Says Tyler Winklevoss

Tyler Winklevoss, co-founder of cryptocurrency exchange Gemini, accused banking giant JPMorgan Chase Co. (NYSE:JPM) and its CEO Jamie Dimon on Sunday of attempting to stifle fintech and cryptocurrency companies in the U.S. by charging fees for customer data access.

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