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AI Cryptocurrency Czar David Sacks Refutes Fortune's False Reports: Saying that I would be demoted is pure nonsense.
The first 'AI cryptocurrency czar' appointed by U.S. President-elect Trump, David Sacks, refuted false reports by the renowned old media Fortune on 12/21, stating that he would actively engage in promoting policies related to AI and cryptocurrency. He emphasized that he would allocate his time between the White House and Silicon Valley to ensure a balance between policy-making and technological innovation.
Fortune claims a demotion in role, Sacks directly responds: nonsense.
According to Fortune, Sacks's role has been 'demoted' from head to advisory and attributed the demotion to Sacks's failure to relinquish his involvement in his own venture capital firm, Craft Ventures. Fortune further stated that there were concerns within the Trump administration regarding Sacks's lack of avoidance of conflicts of interest. However, Sacks tweeted on 12/21 directly attacking Fortune for 'nonsense.'
Fortune claims a demotion in role, Sacks directly responds: nonsense.
According to Fortune, Sacks's role has been 'demoted' from head to advisory and attributed the demotion to Sacks's failure to relinquish his involvement in his own venture capital firm, Craft Ventures. Fortune further stated that there were concerns within the Trump administration regarding Sacks's lack of avoidance of conflicts of interest. However, Sacks tweeted on 12/21 directly attacking Fortune for 'nonsense.'
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