The Latest Breaking News from David Sacks

David Sacks had very bullish statements around Bitcoin and crypto in his first ever media briefing as he confirmed that Bitcoin will be assessed for a national strategic digital asset reserve.

Three days before his presidential inauguration, Donald Trump launched a meme coin, a type of cryptocurrency whose value is buoyed by social media and internet culture, rather than any sort of functionality or intrinsic value.

Donald Trump will be the first president to fully embrace digital currencies — and he’s already anointed his crypto princes

Microsoft and OpenAI are investigating reports that a group associated with Chinese AI startup DeepSeek may have unlawfully extracted data from OpenAI's API. This move comes after DeepSeek unveiled its own AI model, R1, which rivals OpenAI's offerings, stirring concerns in the global AI community.

David Sacks says OpenAI has evidence that Chinese company DeepSeek used a technique called "distillation" to build a rival model.

Sources at Open AI believe DeepSeek unlawfully distilled data from ChatGPT, Open AI and Microsoft begin investigation.

The bank says that the shift to digital banking has prompted further branch closes

The Trump administration’s conflicting goals could undermine its response to DeepSeek.

Trump said the DeepSeek release "should be a wake-up call for our industries that we need to be laser-focused on competing to win." He argued that it could be a "positive" for US tech giants, adding: "instead of spending billions and billions, you'll spend less, and you'll come up with…

DeepSeek's R1 AI model challenges industry leaders, sparking discussions on US competitiveness and regulations in the AI sector.

With Trump promising the US will be ‘crypto capital of the planet’, experts say the industry is poised for laxer oversight