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The Latest Breaking News from David Sacks

Elon Musk dodges DOGE scrutiny while expanding his power with Trump

At the Education Department, DOGE employees are working out of a conference room on the seventh floor, which also houses the secretary’s office

The Independent UK

Trump's Crypto Czar Says Strategic Bitcoin Reserve Review A Priority, But $BTC Unmoved

David Sacks had very bullish statements around Bitcoin and crypto in his first ever media briefing as he confirmed that Bitcoin will be assessed for a national strategic digital asset reserve.

International Business Times

Why Trump’s meme coin is a cash grab

Three days before his presidential inauguration, Donald Trump launched a meme coin, a type of cryptocurrency whose value is buoyed by social media and internet culture, rather than any sort of functionality or intrinsic value.

The Conversation

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Inside Trump's crypto court: Elon Musk, Sam Altman, Peter Thiel and their battle for Bitcoin domination

Donald Trump will be the first president to fully embrace digital currencies — and he’s already anointed his crypto princes

Evening Standard

Microsoft To Investigate Unauthorized Access To OpenAI Model Data By Group Tied To AI Firm DeepSeek

Microsoft and OpenAI are investigating reports that a group associated with Chinese AI startup DeepSeek may have unlawfully extracted data from OpenAI's API. This move comes after DeepSeek unveiled its own AI model, R1, which rivals OpenAI's offerings, stirring concerns in the global AI community.

International Business Times

DeepSeek used OpenAI's model to train its competitor using ‘distillation,' White House AI czar says

David Sacks says OpenAI has evidence that Chinese company DeepSeek used a technique called "distillation" to build a rival model.

Fortune

Microsoft and OpenAI investigate whether DeepSeek illicitly obtained data from ChatGPT

Sources at Open AI believe DeepSeek unlawfully distilled data from ChatGPT, Open AI and Microsoft begin investigation.

Tom’s Hardware

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Lloyds Banking Group to close another 136 branches – as it happened

The bank says that the shift to digital banking has prompted further branch closes

The Guardian - UK

Trump seemed blindsided by the sudden rise of Chinese AI service DeepSeek. Here’s how he’ll help U.S. tech punch back, experts say

The Trump administration’s conflicting goals could undermine its response to DeepSeek.

Fortune

Trump Warns Of 'Wake-up Call' As Low-cost Chinese AI Jolts Silicon Valley

Trump said the DeepSeek release "should be a wake-up call for our industries that we need to be laser-focused on competing to win." He argued that it could be a "positive" for US tech giants, adding: "instead of spending billions and billions, you'll spend less, and you'll come up with…

International Business Times

Trump's AI Czar Warns Of Chinese AI Advancements

DeepSeek's R1 AI model challenges industry leaders, sparking discussions on US competitiveness and regulations in the AI sector.

Top News

‘Trump’s grifting tendencies’: how the president’s crypto ties could spur corruption

With Trump promising the US will be ‘crypto capital of the planet’, experts say the industry is poised for laxer oversight

The Guardian - US

Will Trump Bring Forth The Golden Age Of Crypto?

Trump became the first presidential winner to accept campaign contributions in cryptocurrencies.

International Business Times

With Trump Win, Silicon Valley's Right Flank Takes On Washington

One week into his second administration, Donald Trump has put technology at the forefront, featuring tech billionaires prominently at his inauguration and announcing major AI infrastructure deals from the White House.

International Business Times

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The Guardian - US

‘The reign of terror is over’: my weird weekend partying with the triumphant tech right

As Musk, Bezos and Zuckerberg gathered for Trump’s inauguration, crypto diehards and members of the Paypal Mafia celebrated a new era for the Magaverse

Fortune

Crypto czar David Sacks says NFTs and memecoins are collectibles, not securities

Sacks likened Trump’s recently-released memecoin to ‘a baseball card or a stamp.’

Salon

Trump signs order promoting crypto

Digital currencies faced scrutiny in the Biden administration, but are set to flourish under Trump

International Business Times UK

Crypto Czar David Sacks Celebrates Trump's Crypto Order, Says Trump Coin Is a Collectable

David Sacks explained that Trump's executive order on cryptocurrencies will establish a Presidential Working Group to devise federal regulations governing digital assets and stablecoins.

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news in one place.

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International Business Times

President Trump Signs Executive Order On Cryptocurrency

Donald Trump has signed a crypto-focused executive order, highlighting some of the promises he made during his campaign.

Fortune

The cast of tech characters who will be key in Trump’s White House

Trump’s White House will be filled with VCs and tech magnates. Here’s who they are.

Fortune

With Trump 2.0, the balance of power shifts from banks to Silicon Valley

What the new administration could mean for financial technology—and beyond.

The Independent UK

From a Snoop Dogg performance to brunch with Joe Rogan: Inside DC’s insane Trump inauguration parties

Some of the biggest names in tech and finance will be at the parties happening across the city

International Business Times

Morgan Stanley Reportedly Considers Offering Crypto Trading Via E-Trade

Morgan Stanley is reportedly considering to add crypto trading to its E-Trade platform, and if does occur, the service could challenge the likes of Robinhood and even crypto-centric platforms such as Coinbase.

Fortune

Tech’s 2024 winners and losers—from Elon Musk to GM’s Cruise

Elon Musk came out on top of the tech heap in 2024.

Fortune

A look inside D.C.’s new financial power scene

The rise of AI could create a consumer tech renaissance in New York.

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