David Sacks Clarifies He Remains Opposed To AI Bailouts After Saying Reversal In Investments Would Risk Recession

2025-11-25 09:00:28

(MENAFN- AsiaNet News)

President Donald Trump's AI and crypto czar, David Sacks, on Tuesday clarified that he remains opposed to any bailouts for companies in the artificial intelligence sector.

“Puzzled that anyone could interpret this post as supporting a bailout. I've already opposed that. Nor do I believe one is needed,” Sacks said in a post on X.

Sacks said that a reversal in AI-related investments would risk a recession, citing a report by The Wall Street Journal that stated these investments accounted for nearly half of the U.S.'s Gross Domestic Product (GDP) in the first half of the year.“We can't afford to go backwards,” he added.

David Sacks' post on X | @DavidSacks/X

Sacks' posts coincided with the announcement of the White House's Genesis Mission, which is aimed at boosting innovation with AI.

Get updates to this story developing directly on Stocktwits.

For updates and corrections, email newsroom[at]stocktwits[dot]com.

MENAFN25112025007385015968ID1110395241

Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.