David Sacks, a venture entrepreneur, announced that he is standing down as the White House’s AI and cryptocurrency czar because he has “used up” the 130-day limit.
Sacks told in an interview on Thursday that his role with the Trump administration will shift to co-chairing the President’s Council of Advisors on Science and technological (PCAST), which includes many technological and industry leaders who assist the president on policy.
Sacks told the newspaper, “I had a role as an SGE [special government employee] that was 130 days… we’ve now used up that time.” “I believe that going forward, as co-chair of PCAST, I can make recommendations on a wider range of technology topics, not just AI.”
He was the first to hold both positions and assisted in setting President Trump’s priorities for cryptocurrency and artificial intelligence. SGEs may serve a maximum of 130 days over a 12-month period; however, the days do not need to be consecutive.
At the start of Trump’s second administration last year, Sacks was appointed.
Michael Kratsios, the head of the White House’s Office of Science and Technology Policy, and the successful businessman will co-chair PCAST. Nvidia CEO Jensen Huang, Meta CEO Mark Zuckerberg, and Oracle executive chair Larry Ellison are among the 13 panelists.
The council will “study issues together as a group” before making formal recommendations to the Trump administration, Sacks told. He anticipated that AI and its effects on the labor, economy, and national security will be major topics of discussion on the panel.
Alongside tech titans Elon Musk, Peter Thiel, and Reid Hoffman, the venture capitalist started working in the technology sector in 1999 at PayPal. In 2017, he established Craft Ventures, a venture capital business, and Yammer, an enterprise social network platform.
