President-elect Trump has appointed former PayPal Chief Operating Officer David Sacks as his artificial intelligence (AI) and cryptocurrency czar in the White House.
“In this important role, David will lead the administration’s policies on artificial intelligence and cryptocurrency, two areas critical to the future of American competitiveness,” Trump said in his announcement Thursday evening.
“David will focus on making America the clear world leader in both areas,” he said.
David Sacks, former CEO of Yammer, speaks on stage during the Republican National Convention in Milwaukee, July 15. (Ricky Carioti/The Washington Post via Getty Images)
Trump said Sacks would also prioritize “safeguarding” free speech and staying away from “Big Tech bias and censorship.”
“He will protect free speech online and keep us away from the bias and censorship of Big Tech,” he said. “He will work to create a legal framework so that the crypto industry can get the clarity it has been asking for and thrive in the US. David will also lead the Presidential Council of Advisors on Science and Technology.”
President-elect Trump has appointed former PayPal Chief Operating Officer David Sacks as his artificial intelligence (AI) and cryptocurrency czar in the White House. (Getty Images)
Sacks, a former PayPal executive, has made investments in several major companies through his Craft Ventures fund, including Facebook, Uber, SpaceX, Airbnb and Palantir.
His business software company, Yammer, was acquired by Microsoft for more than $1 billion in 2012.
