David Sacks appointed as White House AI and crypto czar under Trump

David Sacks has been appointed as the White House A.I. & Crypto Czar by President-elect Donald Trump. This new role aims to position the U.S. as a leader in artificial intelligence and cryptocurrency, while also addressing online free speech and perceived Big Tech bias. Sacks, a Silicon Valley venture capitalist and member of the "PayPal Mafia," has shifted his political support from Democrats to Trump and other right-leaning candidates. He has invested in major tech companies and is known for his vocal stance against diversity initiatives and media criticism. His appointment comes as Trump plans to ease regulations on cryptocurrency and A.I., which could benefit Sacks and his business interests. Sacks' role may influence government policies that align with the interests of the tech industry and his personal investments.