6 November 2025

David Sacks says there will be "no federal bailout for AI", as the US has at least five major AI companies and "if one fails, others will take its place" (Ashley Capoot/CNBC)

Ashley Capoot / CNBC:
David Sacks says there will be “no federal bailout for AI”, as the US has at least five major AI companies and “if one fails, others will take its place”  —  Venture capitalist David Sacks, who is serving as President Donald Trump's artificial intelligence and crypto czar …

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