"The story, headlined, "Silicon Valley's Man in the White House Is Benefiting Himself and His Friends" and co-bylined by five Times reporters, explores Sacks' role in Donald Trump's administration. It outlines his and his venture capital firm's focus on artificial intelligence, pointing out that the policies he influences directly affect his investments, and that the public ethics filings he turned in for the White House job don't offer full clarity on his divestments."
"Sacks was an early executive at PayPal and founded and sold the communications startup Yammer. Now, he's a podcast host and an investor at Craft Ventures, gigs he's held on to while serving as Trump's AI and crypto czar. As the Times reports, Sacks is using that position to "eliminate government obstacles facing A.I. companies" all while retaining hundreds of AI-related investments "directly or through Craft.""
David Sacks, a San Francisco tech mogul and White House adviser, retained roles at Craft Ventures and as a podcast host while serving as an AI and crypto adviser. He focuses on artificial intelligence investments that are affected by the policies he helps shape, and his public ethics filings do not fully clarify divestments. He obtained a waiver to retain Palantir despite its AI marketing and government contracts. He maintains close ties with major AI industry leaders and publicly defends pro-AI investment priorities tied to economic growth.
Read at SFGATE
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