Silicon Valley's Man in the White House Is Benefiting Himself and His Friends [View all]

Source: New York Times

Nov. 30, 2025 Updated 2:54 p.m. ET


In July, David Sacks, one of the Trump administration’s top technology officials, beamed as he strode onstage at a neoclassical auditorium just blocks from the White House. He had convened top government officials and Silicon Valley executives for a forum on the booming business of artificial intelligence.

The guest of honor was President Trump, who unveiled an “A.I. Action Plan” that was drafted in part by Mr. Sacks, a longtime venture capitalist. In a nearly hourlong speech, Mr. Trump declared that A.I. was “one of the most important technological revolutions in the history of the world.” Then he picked up his pen and signed executive orders to fast-track the industry.

Almost everyone in the high-powered audience — which included the chief executives of the chipmakers Nvidia and AMD, as well as Mr. Sacks’s tech friends, colleagues and business partners — was poised to profit from Mr. Trump’s directives. Among the winners was Mr. Sacks himself.

Since January, Mr. Sacks, 53, has occupied one of the most advantageous moonlighting roles in the federal government, influencing policy for Silicon Valley in Washington while simultaneously working in Silicon Valley as an investor.

Read more: https://www.nytimes.com/2025/11/30/technology/david-sacks-white-house-profits.html