Meet the new AI and crypto czar
Marketplace All-in-One
Marketplace
4.5 • 1.4K Ratings
🗓️ 6 December 2024
⏱️ 9 minutes
🧾️ Download transcript
Summary
President-elect Donald Trump has appointed a Silicon Valley venture capitalist and podcaster to a new position that will guide his administration’s policy on crypto and artificial intelligence. David Sacks, a former chief operating officer at PayPal, will also lead the Presidential Council of Advisors for Science and Technology. We’ll hear more. Also on the show: the unemployment rate climbs again and an artist combines his love of illustrations with medicine.
Transcript
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| 0:00.0 | AI might be the most important innovation ever. It's storming every industry with literally |
| 0:05.1 | billions being invested. So buckle up. The problem is that AI needs the right data and a lot of |
| 0:10.8 | speed and processing power. So how do you compete without cost spiraling out of control? |
| 0:15.7 | Time to upgrade to the next generation of the cloud, Oracle Cloud Infrastructure or OCI. |
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| 0:25.9 | with AI embedded across it all. |
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| 0:32.2 | residency. |
| 0:33.4 | OCI provides blazing fast speeds for AI's demanding workloads, and in the cloud, when you pay by the minute, speed matters. |
| 0:40.5 | And of course, nobody does data better than Oracle. |
| 0:43.9 | If you want OCI to help you do more and spend less, |
| 0:46.7 | like Uber, the Premier League, and Oracle Red Bull Racing, |
| 0:49.7 | take a free test drive at oracle.com slash bandwidth. |
| 0:52.9 | That's oracle.com slash bandwidth. Oracle.com slash bandwidth. That's oracle.com slash bandwidth. Oracle.com |
| 0:56.1 | slash bandwidth. Not the ruler of Russia until 1917, but a new czar for crypto and AI. |
| 1:05.7 | I'm David Brancaccio. President Obama appointed an automobile industry czar during the great financial crisis. There's |
| 1:12.3 | word now that President-elect Donald Trump is appointing a combined crypto industry and artificial |
| 1:17.7 | intelligence czar. David Sachs is a Silicon Valley venture capitalist who will also lead the |
| 1:23.1 | president's Council of Advisors for Science and Technology. Here's Marketplace's Nancy Marshall-Genser. |
| 1:28.9 | David Sacks was once chief operating officer at PayPal and is part of what's known as the |
| 1:34.0 | PayPal Mafia. Sacks later founded Yammer, a workplace communications platform that was purchased |
| 1:40.0 | by Microsoft. Sacks also founded a venture capital firm, and he's a co-host of the All In podcast. Sacks was a |
... |
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