America’s newly elected President Donald Trump has made an important appointment to keep an eye on AI and crypto currencies like Bitcoin. Trump has made David O. Sacks the AI ​​and crypto czar of the White House. The responsibility that Trump has assigned to Sachs is very important for America. Under Trump’s leadership, Sachs will have the big responsibility of creating a legal framework for the crypto industry. It is not hidden from anyone how fast AI is becoming popular all over the world. The tasks which earlier took a lot of time to do. All those tasks can now be done in a jiffy because of AI. At the same time, America wants to further increase its penetration in the growing world of crypto currency. The result of this is that Trump has made David O. Sachs the AI ​​and crypto czar.
Who is David O Sachs?
Sachs became a big supporter of Trump earlier this year. He also organized a fundraiser for Trump at his San Francisco mansion. However, Sachs criticized Trump after the Capitol riot on January 6, 2021. He said at the time in an episode of his All-In podcast that Trump was clearly responsible for the incident and had disqualified himself from running as a candidate at the national level. As an entrepreneur, Sachs sold Yammer to Microsoft for $1.2 billion in 2012. He is also reportedly associated with the PayPal Mafia, an informal club of famous tech personalities and investors including Elon Musk and Peter Thiel.
AI and crypto czar’s connection with Silicon Valley
David Sachs has been a highly successful entrepreneur and investor, having built and invested in some of Silicon Valley’s most renowned companies. David was the COO of PayPal’s founding era. David then founded Yammer, an enterprise software company, which was acquired by Microsoft for $1.2 billion. He then founded Craft Ventures, a venture capital firm based in San Francisco. David is the co-host of the All-In Podcast, a top-tier podcast in tech, where he and his friends discuss economic, political, and social issues. David has the knowledge, business experience, intelligence and practicality to make America great in these two critical technologies.
What will change with the arrival of David O Sachs
America is a big player in the world of technology, when the use of AI is increasing rapidly all over the world. Then America is adopting new strategies to maintain its hold in this market. America has understood that the more the use of AI increases with time, the more benefits they will get from it. Bitcoin is at amazing heights these days. He is touching one lakh dollars. Actually there is a reason for this also. Trump’s dream is to make America the ‘crypto capital’ of the world. He has already made this clear and is also setting up a proper team for this. Trump, who is crazy about crypto currencies like Bitcoin, recently appointed Paul Atkins, a staunch supporter of crypto, as the new head of the Securities and Exchange Commission (SEC). David O’Sachs will now work to fulfill this dream of Trump.
