AI Cryptocurrency Czar David Sacks Refutes Fortune's False Reports: 'Saying that I will be demoted is complete nonsense.'
David Sacks, the first 'AI cryptocurrency czar' appointed by U.S. President-elect Trump, refuted false reports from the well-known old media outlet Fortune on 12/21. Sacks stated he will actively promote policies related to AI and cryptocurrencies. He emphasized that he will allocate his time between the White House and Silicon Valley to ensure a balance between policy-making and technological innovation.
Fortune claims a demotion, Sacks directly responds: 'Nonsense.'
According to Fortune, Sacks' role has been 'demoted' from head to advisor, attributing the demotion to Sacks' refusal to give up his involvement in his own venture capital firm, Craft Ventures. Fortune further stated that there are concerns within the Trump administration regarding Sacks' lack of caution. However, on 12/21, Sacks tweeted, directly firing back at Fortune, calling them 'nonsense.'