US President-elect Donald Trump appointed David Sacks, one of the leading names in the technology world, to direct artificial intelligence and cryptocurrency policies at the White House. This appointment is defined by those close to Trump as a step aimed at achieving the US’s leadership goals in these two strategic areas.
David Sacks has contributed to many technology-oriented projects in his career. Sacks, former chief operating officer of PayPal, pioneered the founding of the social networking platform Yammer in his entrepreneurial journey. Yammer was acquired by Microsoft in 2012 in a $1.2 billion deal. Sacks also makes investments in the artificial intelligence and technology sector through his venture capital company called Craft Ventures.
Sacks’s tenure in the White House aims to increase US competitiveness in the fields of artificial intelligence and cryptocurrency. In this context, it is stated that issues such as protecting freedom of expression, balancing the effects of large technology companies and providing a clear legal framework for the cryptocurrency sector are priorities. It is aimed to strengthen the global leadership position of the USA by benefiting from Sacks’ experience especially in these sectors.
David Sacks was with Donald Trump during the election process
David Sacks is known as an influential name in the political arena as well as in the technology sector. Sacks, who has been collaborating with Elon Musk for a long time, took part in Musk’s SpaceX and xAI projects. He also led the development of an AI chat platform called Glue. His influence in the political arena is seen in his close relations with the Republican Party. His speech at the 2024 Republican National Congress and his presence at Mar-a-Lago during the election process are among the prominent details in this context.
David Sacks’ new position had a wide impact in the technology and cryptocurrency world. Industry representatives such as OpenAI CEO Sam Altman and Coinbase COO Emilie Choi evaluated this appointment as a positive step. While Altman emphasized his expertise in artificial intelligence, Choi pointed out Sacks’ extensive knowledge of the cryptocurrency industry. In the messages shared on the social media platform X, comments were made that the USA would make progress in these areas.
Under the leadership of David Sacks, it is expected that US policies in the field of artificial intelligence and cryptocurrency will begin to take a different direction.