David Sacks, often referred to as the “Crypto & AI Czar,” recently shared his insights on X (formerly Twitter) about the future of the Artificial Intelligence (AI) sector amidst growing excitement surrounding DeepSeek, a Chinese AI startup gaining momentum globally.
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With Donald Trump now in office, Sacks believes competition in the AI industry is poised to intensify. He also praised the new president’s decision to repeal Joe Biden’s executive order on AI, arguing that it could set the stage for a stronger US position in the AI race.
DeepSeek: A Rising Contender in AI
DeepSeek, a startup creating waves online, has become the center of attention as a challenger to major AI players like OpenAI and Anthropic. Despite spending just $5.6 million—a fraction of the billions invested by its rivals—DeepSeek has developed a ChatGPT rival that matches the capabilities of OpenAI’s GPT-4, making it one of the most advanced AI models available.
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Apart from its cost efficiency, DeepSeek’s AI model highlights the shortcomings of traditional approaches in the industry. Sacks expressed optimism about the United States’ ability to remain competitive in the global AI race, suggesting that innovation like DeepSeek’s could inspire renewed focus and leadership in the sector.
Biden’s AI Executive Order: A Point of Contention
In October 2023, former President Joe Biden introduced an executive order on AI that aimed to balance innovation with national security and consumer protection. The order established guardrails supported by legislation and international agreements to regulate AI development. While it acknowledged AI’s transformative potential, many industry experts, including Sacks, criticized the measures as overly restrictive, stifling growth in the US compared to competitors like China.
Since taking office, President Trump has repealed Biden’s AI order, raising questions about how his administration plans to safeguard AI development while promoting growth. Alexandr Wang, CEO of Scale AI, noted that while parts of Biden’s order were constructive, the overall framework left room for improvement. As a technocrat and policy influencer, David Sacks is expected to play a pivotal role in shaping the direction of US AI policy under Trump’s leadership.
Trump’s Pro-Crypto Policies
In addition to reshaping AI policy, the Trump administration has embraced the crypto ecosystem. Recently, Trump signed an executive order establishing a framework for digital assets and introducing the Presidential Working Group on Digital Asset Markets.
This group, led by David Sacks, includes prominent figures like the Secretary of the Treasury and the Chairman of the Securities and Exchange Commission (SEC). Its primary objectives include evaluating the creation of a national digital asset stockpile and ensuring that the US retains its position as a global crypto hub.
A National Digital Asset Reserve
A central goal of the Presidential Working Group is to assess the feasibility of a national digital currency reserve. The group is tasked with consulting industry experts and leveraging knowledge from the evolving digital asset market. Additionally, it will explore strategies for creating and maintaining this reserve to ensure the US stays ahead in the blockchain and crypto sectors.
This proactive approach to crypto regulation aligns with Sacks’ vision for advancing digital finance. By creating a strategic reserve and promoting supportive policies, the US aims to solidify its leadership in the global crypto landscape.
Positioning the US for AI and Crypto Leadership
David Sacks’ dual focus on AI and crypto reflects the administration’s broader goal of securing American dominance in technology. With DeepSeek raising the bar for AI innovation and Trump’s executive orders signaling a more open regulatory environment, the US is taking steps to remain competitive in two critical sectors.
While challenges remain—particularly in addressing security risks and ensuring fair competition—Sacks’ confidence in the US’ technological future highlights a renewed drive to lead the AI and crypto revolutions on the global stage.
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