Trump's AI, Crypto Czar David Sacks Divests Stake In xAI To Avoid Conflicts Of Interest, Misses Out On 'Massive Gains' - NVIDIA (NASDAQ:NVDA)
David Sacks, the AI and Crypto Czar under the President Donald Trump administration, has disclosed that he divested his stakes in AI inference chip startup Groq and Elon Musk's xAI to avoid potential conflicts of interest. The revelation comes in response to allegations that he assumed a government role for personal financial gain.Groq recently announced a non-exclusive licensing agreement with Nvidia Corp. (NASDAQ:NVDA) for its inference technology.Sacks Sells AI HoldingsSacks made this revelation during a ...