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• President-elect Donald Trump picked investor and entrepreneur David Sacks as "White House AI and Crypto Czar," according to a social media post Thursday. Sacks will guide the administration’s policy for the two technologies. 

• Sacks will bring a Silicon Valley background to the role. He is currently a partner at Craft Ventures, a venture capital firm he co-founded, which has invested in Meta, Palantir, Twilio and Slack, among others. 

• Sacks, who will also lead the President’s Council of Advisors on Science and Technology, will “focus on making America the clear global leader,” Trump said in a social media post. “He will safeguard free speech online, and steer us away from big tech bias and censorship.”

AI lacked the resonance of other issues during the election cycle despite the technology’s far-reaching social implications and potentially significant workforce impacts. However, enterprise execs are now parsing through recent leadership announcements for the new administration to decipher the potential effects on operations next year and beyond. 

While the Trump campaign initially offered a brief two-line AI policy proposal in its platform document, a more comprehensive approach could be on the horizon as the president-elect builds out his cabinet and appoints key roles.

Technology leaders from companies including Box, OpenAI and many digital currency organizations shared congratulatory messages to social media following Sacks’ appointment. 

“I look forward to advancing American competitiveness in these critical technologies,” Sacks said in a social media post.

Analysts expect the incoming administration to govern AI with a light regulatory touch, though technology companies and AI developers can expect some guardrails. 

Big tech players will likely remain under close watch by the Department of Justice and the Federal Trade Commission under Trump’s administration, Legal Dive reported earlier this week.