“A whole-of-government approach that collaborates closely with private industry is essential to winning the AI race, and a designated AI leader in the Administration can help do that,” Tony Samp, the head of AI policy at the law firm DLA Piper, tells TIME.

The tech investor made his money through early bets on Uber and other startups. He built his reputation as a conservative provocateur.

Trump's tech backers generally want to see minimal regulation around artificial intelligence and cryptocurrencies such as bitcoin.

The former COO of PayPal is set to oversee the creation of a legal framework for the US crypto industry in a bid to improve its competitiveness.

Donald Trump says he is selecting venture capitalist David Sacks of Craft Ventures LLC to serve as his artificial intelligence and crypto czar, a newly created position that underscores the president-elect’s intent to boost two rapidly developing industries.

Sacks is a venture capitalist, the former CEO of enterprise social network firm Yammer, a podcaster and member of the so-called "PayPal Mafia."

The second Trump administration is poised to be a powerful ally for the crypto industry. President-elect Donald Trump spoke highly of cryptocurrencies on the campaign trail, and his cabinet picks reflect that,

Venture capitalist David Sacks has been tapped to serve as President-elect Trump’s White House czar for artificial intelligence (AI) and cryptocurrency, taking on a newly created role to lead the administration’s policy on the two technologies.

Not only is he a close friend of Elon Musk, who is leading a government efficiency committee for Trump, but Sacks has spent the last few years as one of the loudest voices supporting Trump from the upper echelons of Silicon Valley.