WASHINGTON -- David Sacks, who has funded and run high-tech firms, has "on the ground" experience to deal with increasing global competition on artificial intelligence and cryptocurrency, a lawmaker and technology groups said after President-elect Donald Trump tapped him to head government efforts in the areas.
Trump named Sacks his "White House AI & Crypto Czar" in a post last week on the Truth Social platform. Sacks is a partner at Craft Ventures, a high-tech venture capital fund, a former executive at PayPal Holdings Inc., and founder of Yammer, a social network for corporate communication.
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