On November 30, David Sacks commented on an article by the New York Times that raised concerns about his work advising the White House on AI and cryptocurrency policies.
The news outlet reviewed his official financial filings and said he held interests in 708 technology ventures, including 449 in the artificial intelligence (AI) industry and 20 in cryptocurrency.
The New York Times story also noted that Sacks did not specify a date for selling certain assets after pledging to divest. In response, Sacks rejected the claims as inaccurate and unfair.
Did you know?
Subscribe – We publish new crypto explainer videos every week!
What is BNB? The Truth Behind Binance Smart Chain (Animated)
Sacks shared a four-page letter sent by his legal team that accused the New York Times of deploying journalists primarily to create a negative story and claimed their reporting regularly shifted its narrative after specific accusations were refuted.
The legal representatives labeled the New York Times coverage as a “willful mischaracterized” of Sacks’s special government adviser duties and insisted his official paperwork was misrepresented.
The original article also described how the New York Times connected Sacks and his role at a White House AI discussion event to potential profit. It noted that Sacks’ podcast “All-In” appeared as an event sponsor.
According to his legal team, the podcast’s sponsorship role was non-commercial, and costs were covered only in part by a small logo display.
Recently, Sacks shared his thoughts on the biggest threat posed by AI on The Ben & Marc Show podcast. What did he say? Read the full story.
