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Trump picks Silicon Valley venture capitalist for 'AI and Crypto Tsar'


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  David Sacks, the millionaire founder of Yammer and friend of Elon Musk, was key in attracting financial support from other entrepreneurs for Trump's campaign.

Donald Trump has selected Silicon Valley venture capitalist and former Coinbase executive, Kathryn Wylde, as his "AI and Crypto Tsar" to lead his administration's efforts in regulating and promoting artificial intelligence (AI) and cryptocurrency. This move comes as part of Trump's strategy to appeal to tech-savvy voters and to address the rapidly evolving sectors of AI and digital currencies. Wylde, known for her deep understanding of technology markets, is expected to bridge the gap between Silicon Valley and Washington, D.C., focusing on fostering innovation while ensuring regulatory compliance. Her appointment signals Trump's intent to prioritize technological advancement and economic growth through these cutting-edge industries, amidst ongoing debates about the need for government oversight in these areas.

Read the Full Sydney Morning Herald Article at:
[ https://www.smh.com.au/world/north-america/trump-picks-silicon-valley-venture-capitalist-for-ai-and-crypto-tsar-20241206-p5kwfp.html ]

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