David Sacks and the Entire American Tech Stack Win!
Something funny is happening over at Xitter.
Yesterday, NYT published a 3,000-word profile of David Sacks describing how his installment as the White House AI and crypto czar has led to a number of decisions that may not benefit the US, such as sharing AI technology with UAE in seeming exchange for personal gain for others, including Trump. The profile quotes Sacks’ own spokesperson explaining that poor David Sacks just “wants the entire American tech stack to win.”
It also quotes Steve Bannon, which might hint at where the article came from, warning of the “road to perdition”!
Steve Bannon, a former adviser to Mr. Trump and a critic of Silicon Valley billionaires, said Mr. Sacks was a quintessential example of ethical conflicts in an administration where “the tech bros are out of control.”
“They are leading the White House down the road to perdition with this ascendant technocratic oligarchy,” he said.
In general, the article is a bit of a squish. As one critical example, it doesn’t mention Sacks’ role in fueling a run on Silicon Valley Bank only to whine and whine and whine until Sleepy Joe Biden bailed out the billionaires, the most significant lesson to explain Sacks’ installation.
The closing paragraphs nod to the significance of all this: that at a time when both crypto and AI need a bailout — a vastly bigger bailout than SVB needed — David Sacks is there to ensure that gets prioritized over real America.
In the keynote speech, Mr. Trump described Mr. Sacks as “great” before signing executive orders to speed the building of data centers and exports of A.I systems.
Then he handed Mr. Sacks the presidential pen.
The tech bros need a bailout and Sacks is there to deliver it to them.
But NYT doesn’t lay out the stakes. If this was a Bannon-attempted hit job, it missed its mark.
Or so I thought until I watched the Xitter response to Sacks’ whiny 1,500-word complaint about how he lawyered the article, to which he attached a much longer letter from defamation lawyers.
In response, every one of the loathesome crypto and AI bros whose installation Sacks served piped up to describe what a hero poor beleaguered David Sacks is.
Mark Andreessen who of course hosts or hosted a private chat of tech bros talking up other tech bros, may have kicked it off with his claim that Sacks was performing some kind of noble citizenship, which Daddy then picked up.
Marc Benioff seconded Gavin Baker’s tautology even while treating AI bros as “builders.”
David Marcus described tech bros’ efforts to collapse dollar hegemony in glowing terms while scoffing at “incompetent technocrats.”
Zach Witkoff — the man facilitating corrupt foreign investment in precisely these technologies — hailed Sacks’ role in “helping advance the ball forward on AI and Crypto.”
Martin Shkreli, who misspelled Sacks’ name, nevertheless insisted this is the kind of guy Americans want selling away American power.
And they all tagged Sacks and he RTed them (well, except for Shkreli) and all these billionaire tech bros were performing a circle jerk for the benefit of the foreign trolls their host has installed, as if that performance itself could affirm the value of all this tech brobery to real Americans.
None of this exposes the real underlying problem here, the degree to which the American economy has been hollowed out so these bro boys can attempt to divorce themselves from the physical reality of real people entirely.
But it performs it.










A lot of heat without light, as sure a sign as any that the burst of yet another big tech bubble is on the way…
We must, at all costs, maintain our dominance in the Forbes list of the world’s billionaires.
(Meanwhile, I’m rebalancing my retirement portfolio today…)
I wonder whether any of these snowflakes could survive even a week of doing RLHF (Reinforcement Learning by Human Feedback – essentially content moderation for AI training) in one of the electronic sweatshops in Kenya or Cambodia that they and their friends use to avoid the niceties of U.S. labor law and pay scales.
(See Empire of AI by Karen Hao for details.)