Search results for David Sacks
Crypto
Patrick Witt steps down as director of White House crypto council secretariat
Patrick Witt, who led the White House cryptocurrency council secretariat, has stepped down after his temporary assignment ended. The White House confirmed the end of his duties but has not announced a successor. Witt had overseen talks on tightening the U.S. crypto regulatory framework, including Senate negotiations on the Clarity bill dividing oversight between the SEC and CFTC, and reviewed plans to expand a strategic bitcoin reserve.
AI & Enterprise
How to assign legal liability for unpredictable AI? Dilemma grows
Debate is growing over who should bear legal responsibility when AI systems cause harm, as recent incidents involving AI models from OpenAI and Anthropic revived the question. Some prominent figures argue AI companies should be liable under existing consumer protection laws. Legal actions and political calls are increasing, but experts warn that applying intent-based legal standards to autonomous AI may be difficult, especially for open-source models and inherently unpredictable behaviour.
Crypto
U.S. moves to expand overseas use of dollar-backed stablecoins
The U.S. government is reviewing steps to expand overseas use of dollar-backed stablecoins, a move the Trump administration is considering as a way to strengthen the dollar’s role as the world’s reserve currency. The review may include joint ventures with private companies and participation by multiple federal agencies, including the Treasury and State departments and the U.S. International Development Finance Corp. Officials also expect increased demand for U.S. Treasuries, key reserve assets for these stablecoins.
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AI & Enterprise
Bessent emerges as contender for Trump\'s next AI czar as AI Force plan takes shape
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AI & Enterprise
Trump says AI could account for 25 percent of U.S. GDP, pushes AI Force and AI czar
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AI & Enterprise
Paradox of AI slowdown calls: companies want regulation as governments push back
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Crypto
US government bitcoin holdings still unclear a year after strategic reserve launch
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AI & Enterprise
White House official targets China\'s Moonshot AI over Kimi K3, alleges copying of Anthropic\'s Fable
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AI & Enterprise
Why the U.S. is wary of Moonshot AI\'s Kimi K3
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AI & Enterprise
U.S. weighs curbs on Chinese open-source AI models after debut of free Kimi
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AI & Enterprise
Open-source AI models rise globally as U.S. companies join in
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Industry
Silicon Valley takes cautious look at China’s Kimi K3 despite benchmark lead
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AI & Enterprise
Anthropic warned of AI risks far more than OpenAI, fueling debate over U.S. export ban
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Finance
SpaceX IPO creates billionaires beyond Elon Musk
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AI & Enterprise
White House says no plan to expand AI model export controls to other AI firms
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AI & Enterprise
China may have gained access to Mythos
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AI & Enterprise
Anthropic says AI development should slow, warns self-improvement is near
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AI & Enterprise
Venture investor Bill Gurley publicly criticises Anthropic, says it seeks to create a being beyond humans