Author's Summary
David Sacks, appointed by President Trump to lead U.S. AI and crypto policy, leverages his White House role to boost his popular All-In podcast, sparking criticism over conflicts of interest amid his vast tech investments. (148 characters)
Key Appointment and Role
Donald Trump selected David Sacks, a key Silicon Valley figure from PayPal's early days, to shape national policies on artificial intelligence and cryptocurrency. The 53-year-old billionaire, worth $2-3.1 billion, serves as a special government employee limited to 130 days but tracks time carefully to extend his stay. Sacks views it as an honor to balance government duties with ongoing tech investments.
Podcast Promotion Efforts
Sacks promotes his All-In podcast, co-hosted with venture capitalists Chamath Palihapitiya, Jason Calacanis, and David Friedberg, which covers economics, tech, and affairs with six million monthly downloads. In July, he planned for All-In to host a government AI summit, seeking $1 million in sponsorships for perks tied to Trump and innovators, but Chief of Staff Susie Wiles required another cohost to avoid direct endorsement. The podcast's LA conference revenue jumped to $21 million this year from $15 million last year, aided by his profile.
Investments and Criticisms
Sacks holds 708 tech investments, including 449 AI-linked firms poised to gain from federal policies, per financial disclosures. Trump's ally Steve Bannon criticized him as emblematic of unchecked "tech bros," warning of a "technocratic oligarchy" leading the White House astray. A White House spokesperson praised Sacks' insights for advancing Trump's tech dominance agenda.
More News
- Jeremy O. Harris Is Arrested in Japan on Suspicion of Smuggling Drugs
- Labour Abandoned Women, Says Baroness Falkner
- Labour Party has abandoned women and feminism
- [Emily in Paris actor, Jeremy O. Harris arrested in Japan: MDMA charges at Okinawa airport]
- Government accused of delaying crucial single-sex spaces guidance
- Ulefone RugKing 3 Pro Unboxing: A Slim, All-Round Budget Rugged Phone
- Alaska SuperTour Fairbanks – 10km Interval Start Classic
- Government accused of delaying crucial guidance on Supreme Court ruling
- Ashes: Weatherald, Smith lead Australian charge at Brisbane
- Inside Denmark: No cuts on food tax could be a disappointment all round