Continuing his pattern of rewarding big donors with political power, Donald Trump on Thursday named podcaster and former PayPal chief operating officer David Sachs as the White House's artificial intelligence and cryptocurrency czar. Announced.
Sachs, a venture capitalist and Silicon Valley insider, hosted big spenders at his San Francisco mansion in June to support the Trump campaign, each receiving tickets worth up to $300,000. The event reportedly raised more than $12 million.
Sachs, host of the popular podcast All-In, shares the microphone with Chamath Palihapitiya, Jason Karakanis, and David Friedberg for weekly episodes focused on “all things economics, technology, politics, society, and poker.” Masu.
He also has close ties to Elon Musk and helped support his plan to buy Twitter, which was renamed the social media platform X. Two tech giants have reportedly teamed up to encourage the president-elect to nominate J.D. Vance as his running mate.
Trump clearly heeded this advice. And now, according to Trump's post, he's bringing Sachs into the federal government for guidance to strengthen the cryptocurrency industry and artificial intelligence, “two areas critical to the future of American competitiveness.” and demonstrate leadership.
In addition to this new position as an advisor, President Trump has tapped Sachs to lead his Council of Advisors on Science and Technology. The council has historically been an independent panel of experts tasked with assisting the president in making important decisions and making evidence-based recommendations for policy.
Their work impacts a wide range of disciplines, from energy and the environment to public health and national security.
The committee is currently co-chaired by three eminent scientists, including Dr. Arati Prabhakar, an engineer, applied physicist, and former director of the National Institute of Standards and Technology.
Trump's post said Sachs would be responsible for specific priorities, but did not go into whether science would play a role.
“He will protect free speech online and move us away from Big Tech's bigotry and censorship,” Trump continued. “He will work on a legal framework that will give the cryptocurrency industry the transparency it has been seeking and allow it to thrive in the United States.”
