David Sacks News

David Sacks, President Donald Trump’s adviser for artificial intelligence and cryptocurrencies, and his venture-capital firm Craft Ventures have divested more than US$200 million worth of holdings related to the digital-asset industry, according to a memo released by the White House.

Subscribe to enjoy similar stories. Perhaps it is inevitable that Anthropic, an artificial-intelligence (AI) lab founded by do-gooders, attracts snark in Silicon Valley. The company, which puts its safety mission above making money, has an in-house philosopher and a chatbot with the Gallic-sounding name of Claude.

Subscribe to enjoy similar stories. WASHINGTON—In one of the first big political tests of AI, Big Tech won. But the fight has given new signals of populist opposition to technology that holds the promise of eliminating lots of jobs.

Subscribe to enjoy similar stories. The artificial-intelligence chips that Nvidia is allowed to ship to China will undergo a special security review in the U.S. before they are exported, according to administration officials.

Subscribe to enjoy similar stories. WASHINGTON—At a November meeting in the Oval Office, Nvidia Chief Executive Jensen Huang gave President Trump an ominous message: A patchwork of artificial-intelligence laws in states such as California threatened technology development in the U.S. Huang said a flurry of state laws could cause the U.S.

Subscribe to enjoy similar stories. WASHINGTON—The Trump administration plans to let Nvidia export its H200 chip to China, the latest twist in the artificial-intelligence chip designer’s efforts to maintain access to the world’s second-largest economy, according to people familiar with the matter. The Commerce Department plans to approve licenses to China letting Nvidia sell its H200.

Bitcoin price has gone down from all-time high of around $110,000 to a threshold of almost $80,000 but experts are predicting that the most popular Cryptocurrency may hit $250,000-mark by the end of 2025, as per a report. While there have apprehensions about a major fall in Bitcoin price, Cryptocurrency experts have predicted that the Donald Trump administration is likely to store the high-profile cryptocurrency even as Federal Reserve could well intervene to restore some semblance of order, Forbes reported. Bitcoin price could well peak to $250,000 by the end of the year once the Federal Reserve takes stern measures, Forbes reported quoting crypto trader Arthur Hayes. Earlier in March, U.S. President Donald Trump signed an executive order to establish a strategic bitcoin reserve, a day before meeting with executives from the cryptocurrency industry at the White House. The reserve will be capitalized with bitcoin owned by the federal government that was forfeited as part of criminal or civil asset forfeiture proceedings, the White House crypto czar, billionaire David Sacks, said in a post on social media platform X.

Strategic Bitcoin Reserve" in the United States is further proof of President Donald Trump's support for the cryptocurrency sector. Trump earlier this month signed an executive order establishing the reserve, which White House crypto chief David Sacks has likened to «a digital Fort Knox», comparing it to the stockpiling of gold bars at the US military base. Gold is held in reserves by countries worldwide as the metal is seen as a safe-haven asset, protecting against financial instability such as high inflation. The metal on Friday surpassed $3,000 per ounce for the first time, boosted by an uncertain economic outlook amid Trump's tariffs. Gold reserves can help also stabilise a country's currency, while bars are used as collateral for loans and transactions.

Subscribe to enjoy similar stories. President Trump held a summit on Friday with crypto-currency enthusiasts where he touted his plan to establish national stockpiles for bitcoin and other crypto tokens. What could go wrong? Mr.

While the meeting marked a significant shift from the stringent oversight seen during President Joe Biden’s tenure, many in the industry expressed disappointment over the lack of concrete commitments from the administration, as per a report by NBC News.

strategic bitcoin reserve, a day before meeting with executives from the cryptocurrency industry at the White House. The reserve will be capitalized with bitcoin owned by the federal government that was forfeited as part of criminal or civil asset forfeiture proceedings, the White House crypto czar, billionaire David Sacks, said in a post on social media platform X.

strategic Bitcoin reserve and a stockpile of other digital assets, according to a post on X by White House crypto czar David Sacks. Bitcoin and other tokens fell as Sacks said that taxpayer money would not be spent to acquire cryptocurrencies for either.

President Trump plans to host cryptocurrency executives at the White House on Friday, a crypto summit that could offer new insight into the administration’s agenda regarding digital assets.

White House Crypto Summit on March 7. Trump, who has multiple ties to the crypto industry, will host the sector's top players at a White House summit on Friday. Crypto has enjoyed a renewed momentum following his return to the White House in November. The US crypto community rallied behind Trump's campaign, contributing millions of dollars towards his victory over Joe Biden, whose administration tightened regulations and expressed skepticism toward digital currencies. Now, they're seeing their support pay dividends. Trump has waded into the space personally as well, partnering with exchange platform World Liberty Financial and launching his own «Trump» memecoin in January as his wife Melania did the same — moves that have prompted conflict of interest accusations.

Subscribe to enjoy similar stories. What do Sam Altman and David Sacks have in common? Certainly not politics. Mr Altman, co-founder of OpenAI, is part of the transition team of Daniel Lurie, the Democratic mayor-elect of San Francisco.

Snoop Dogg performed at the Inaugural Crypto Ball, President Trump’s inauguration ceremony. His social media fan following has decreased rapidly after he appeared as the featured performer at the ceremony on January 17, reports Newsweek.

David Sacks said there’s “substantial evidence” that Chinese upstart DeepSeek leaned on the output of OpenAI’s models to help develop its own technology.

Donald Trump has signed an executive order to enhance America's global dominance in artificial intelligence and make it «free from ideological bias or engineered social agenda» by eliminating the Biden administration's policies in the matter. It called for departments and agencies to revise or rescind all policies, directives, regulations, orders, and other actions taken under the Biden AI executive order that are inconsistent with enhancing US leadership in artificial intelligence.

Snoop Dogg has encountered a great deal of criticism.

Trump and his advisers. And talks with Cabinet nominees about how to pay for it. On the eve of Trump's inauguration, the cryptocurrency industry is pushing his incoming administration to execute an audacious plan that would have seemed unimaginable just a year ago: a government program to buy and hold billions of dollars in bitcoin.

An online spat between factions of Donald Trump’s supporters over immigration and the tech industry has thrown internal divisions in the president-elect’s political movement into public display