30s Summary

Donald Trump has appointed David Sacks, a tech veteran with ties to Elon Musk, to oversee AI and cryptocurrency matters in the White House. Known for opposing excessive government involvement in AI and being a fan of Solana, his appointment is welcomed by the crypto and AI communities. Sacks is critical of OpenAI becoming a profit-driven company, creating potential frictions with OpenAI’s co-founder Sam Altman. Elon Musk, originally an investor in OpenAI with a $50 million investment, now opposes it; his lawyers have filed a lawsuit to halt the company’s for-profit transition.

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Donald Trump, who’s about to be the new president of the USA, has chosen David Sacks to look after AI and crypto stuff in the White House. This guy is tight with Elon Musk, and isn’t too pleased about OpenAI becoming a profit-making company.

Sacks was once a big deal at tech company PayPal, along with Elon Musk, YouTube co-founder Steven Chen, and top investor Peter Thiel. His appointment has gone down well with the crypto crew, since he’s known to be a big fan of Solana and likes to invest in various coins.

Sacks is also likely to be a hit with the AI folks. He’s got strong views against the government getting too involved in AI and has often spoken about how he thinks the industry should be left to sort itself out.

One guy who might not be so happy about all this is Sam Altman, the boss and co-founder of OpenAI, who’s likely to face some heat from Sacks after his company decided to go for-profit instead of purely focusing on research. The change kicked up a fuss in a podcast where Sacks and Mark Cuban, another big name in the industry, both blasted OpenAI.

Elon Musk was one of the original investors in OpenAI and threw in a cool $50 million when it first started. But now, Musk wants to stop OpenAI from becoming a profit-making business since he’s got his own AI company which is obviously in direct competition with OpenAI. To try and halt OpenAI in its tracks, Musk’s lawyers have even filed a lawsuit.

In a podcast that has been watched over 426,000 times, Sacks said that OpenAI tricked Musk into investing, thinking the company was all about charity. But in reality, it quickly turned into a profit-making business – hence why Sacks compared OpenAI to a piranha. Cuban agreed and added that what goes around comes around in the business world!

Despite all this drama, Altman was one of the first to congratulate Sacks on his new gig. He probably wasn’t expecting Musk’s reaction, though – a laughing-so-hard-I’m-crying emoji!