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David Sacks and the blurred lines of government service
When Vultron announced its $22 million funding round earlier this week, the AI startup made sure to highlight a key investor: Craft Ventures, the firm
The announcement has raised questions about conflicts of interest in the Trump administration, where Sacks serves as both AI and crypto czar while maintaining his role at Craft Ventures — an arrangement that critics see as a new model of government service where the lines between public duty and private gain have become unclear. However, the timing raises questions: the nation’s AI czar has a financial stake in a company that profits from helping businesses win the very federal contracts his policies will influence. The source close to Sacks emphasizes these divestments, noting that because of his government role, Craft Ventures must now run every AI and crypto-related deal past the White House ethics committee.
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