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The Latest Breaking News from David Sacks

DeepSeek used OpenAI's model to train its competitor using ‘distillation,' White House AI czar says

David Sacks says OpenAI has evidence that Chinese company DeepSeek used a technique called "distillation" to build a rival model.

Fortune

Microsoft and OpenAI investigate whether DeepSeek illicitly obtained data from ChatGPT

Sources at Open AI believe DeepSeek unlawfully distilled data from ChatGPT, Open AI and Microsoft begin investigation.

Tom’s Hardware

Lloyds Banking Group to close another 136 branches – as it happened

The bank says that the shift to digital banking has prompted further branch closes

The Guardian - UK

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Trump seemed blindsided by the sudden rise of Chinese AI service DeepSeek. Here’s how he’ll help U.S. tech punch back, experts say

The Trump administration’s conflicting goals could undermine its response to DeepSeek.

Fortune

Trump Warns Of 'Wake-up Call' As Low-cost Chinese AI Jolts Silicon Valley

Trump said the DeepSeek release "should be a wake-up call for our industries that we need to be laser-focused on competing to win." He argued that it could be a "positive" for US tech giants, adding: "instead of spending billions and billions, you'll spend less, and you'll come up with…

International Business Times

Trump's AI Czar Warns Of Chinese AI Advancements

DeepSeek's R1 AI model challenges industry leaders, sparking discussions on US competitiveness and regulations in the AI sector.

Top News

‘Trump’s grifting tendencies’: how the president’s crypto ties could spur corruption

With Trump promising the US will be ‘crypto capital of the planet’, experts say the industry is poised for laxer oversight

The Guardian - US

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Will Trump Bring Forth The Golden Age Of Crypto?

Trump became the first presidential winner to accept campaign contributions in cryptocurrencies.

International Business Times

With Trump Win, Silicon Valley's Right Flank Takes On Washington

One week into his second administration, Donald Trump has put technology at the forefront, featuring tech billionaires prominently at his inauguration and announcing major AI infrastructure deals from the White House.

International Business Times

‘The reign of terror is over’: my weird weekend partying with the triumphant tech right

As Musk, Bezos and Zuckerberg gathered for Trump’s inauguration, crypto diehards and members of the Paypal Mafia celebrated a new era for the Magaverse

The Guardian - US

Crypto czar David Sacks says NFTs and memecoins are collectibles, not securities

Sacks likened Trump’s recently-released memecoin to ‘a baseball card or a stamp.’

Fortune

Trump signs order promoting crypto

Digital currencies faced scrutiny in the Biden administration, but are set to flourish under Trump

Salon

Crypto Czar David Sacks Celebrates Trump's Crypto Order, Says Trump Coin Is a Collectable

David Sacks explained that Trump's executive order on cryptocurrencies will establish a Presidential Working Group to devise federal regulations governing digital assets and stablecoins.

International Business Times UK

President Trump Signs Executive Order On Cryptocurrency

Donald Trump has signed a crypto-focused executive order, highlighting some of the promises he made during his campaign.

International Business Times

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Investors Business Daily

Quantum Computing Stocks Pop As Investors Mull Trump's 'Stargate' Project

Quantum computing stocks popped on Tuesday as the Nasdaq composite also climbed as investors mulled President Donald Trump's first moves.

Investors Business Daily

President Trump Eases Up On Artificial Intelligence Regulation

President Donald Trump on Monday eased regulations on artificial intelligence, in a move impacting Google and other tech giants.

Fortune

The cast of tech characters who will be key in Trump’s White House

Trump’s White House will be filled with VCs and tech magnates. Here’s who they are.

Fortune

With Trump 2.0, the balance of power shifts from banks to Silicon Valley

What the new administration could mean for financial technology—and beyond.

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Investors Business Daily

Trump Plans Crypto, Bitcoin Executive Orders As Inauguration Day Nears

President-elect Donald Trump plans a wave of executive orders for his first day back in office. Some could shape bitcoin, crypto regulations.

The Independent UK

From a Snoop Dogg performance to brunch with Joe Rogan: Inside DC’s insane Trump inauguration parties

Some of the biggest names in tech and finance will be at the parties happening across the city

Investors Business Daily

OpenAI, Microsoft Push For AI Infrastructure Projects Amid U.S.-China Rivalry

Startup OpenAI on Monday joined its biggest investor, Microsoft, in proposing AI infrastructure projects.

International Business Times

Morgan Stanley Reportedly Considers Offering Crypto Trading Via E-Trade

Morgan Stanley is reportedly considering to add crypto trading to its E-Trade platform, and if does occur, the service could challenge the likes of Robinhood and even crypto-centric platforms such as Coinbase.

Fortune

Tech’s 2024 winners and losers—from Elon Musk to GM’s Cruise

Elon Musk came out on top of the tech heap in 2024.

Fortune

A look inside D.C.’s new financial power scene

The rise of AI could create a consumer tech renaissance in New York.

International Business Times

'Who The Heck Is Bo Hines?' Concerns Rise Over Trump's Crypto Council Chief Pick

Bo Hines is a hot topic among crypto users on X after Donald Trump announced his appointment into the leadership of the new Crypto Council, but many smaller crypto holders are concerned the former college footballer may not have the experience necessary to fill the role's big shoes.

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