President-elect has created a new role in the White House for tech entrepreneur David Sacks, who will become the White house A.I & Crypto Czar. “I am pleased to announce that David O. Sacks will be the ‘White House A.I. & Crypto Czar,'” Trump said in his announcement of the appointment.
“In this important role, David will guide policy for the Administration in Artificial Intelligence and Cryptocurrency,” Trump said, “two areas critical to the future of American competitiveness. David will focus on making America the clear global leader in both areas. He will safeguard Free Speech online, and steer us away from Big Tech bias and censorship. He will work on a legal framework so the Crypto industry has the clarity it has been asking for, and can thrive in the U.S. David will also lead the Presidential Council of Advisors for Science and Technology.”
“David Sacks has been an extremely successful entrepreneur and investor for 25 years, building and investing in some of the most iconic companies in Silicon Valley. He was PayPal’s founding-era COO, part of the legendary “PayPal Mafia.” David then founded enterprise software company, Yammer, which was acquired by Microsoft for $1.2 Billion Dollars. Subsequently he founded Craft Ventures, a venture capital firm based in San Francisco. David is co-host of the All-In Podcast, the top podcast in Tech, where he and his friends discuss economic, political and social issues.