Industry Newsinference chipsxaigroqconflict of interest
David Sacks Divests AI Stakes to Avoid Conflict
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6.1
David Sacks, serving as AI and crypto czar under President Donald Trump, says he sold his stakes in xAI and Groq in February–March before joining the administration. He disclosed the divestments on the All-In Podcast to rebut conflict-of-interest allegations; venture capitalist Chamath Palihapitiya estimated the financial cost could exceed $1 billion by the end of his tenure. Groq also announced a non-exclusive Nvidia licensing deal.
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