Latest news with #Sacks
Time of India
a day ago
- Business
- Time of India
David Sacks 'warns' US, says DeepSeek 'proof' China can advance AI chips despite restrictions
David Sacks David Sacks , the White House's AI and crypto czar, has warned that the United States' overly strict chip export rules could weaken its long-term tech dominance, potentially boosting Chinese rivals. He pointed to January's " DeepSeek moment " where the launch of the AI model revealed China was perhaps only "three to six months behind" in AI capabilities, a much smaller gap than previously believed. In a Bloomberg Television interview (via Business Insider), Sacks emphasised that China is rapidly closing the AI gap, urging the US to rethink its chip export controls if it intends to maintain its leading edge. He pointed to a "DeepSeek moment" in January, where the launch of the Chinese AI model revealed China was perhaps only "three to six months behind" in AI capabilities, a much smaller gap than previously believed. Sacks says Chinese companies moving fast in AI chip-making Despite current "supply-constrained" conditions for chip production in China, Sacks predicts this will change quickly. While he estimates China might be one and a half to two years behind the US in chip design, companies like Huawei are "moving fast" to catch up. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Cặp EUR/USD: Đà Tăng? IC Markets Undo "Even before they fully caught up, I think you will see them exporting their chips for the global market," Sacks cautioned. He warned that if the US becomes "overly restrictive in terms of US sales to the world," it risks a future where "Huawei is everywhere." Sacks' concerns echo sentiments from other prominent tech leaders. At the Computex Taipei tech conference in May, Nvidia CEO Jensen Huang stated that US chip export rules were a "failure" because they spurred Chinese tech development. Huang noted that Nvidia's market share in China has plummeted from 95% four years ago to 50%, attributing this decline directly to the export controls. AI Masterclass for Students. Upskill Young Ones Today!– Join Now
Yahoo
2 days ago
- Business
- Yahoo
David Sacks says overly strict US export controls may backfire because China's AI models are just 'months behind'
David Sacks says overly strict chip export rules may weaken US tech dominance in the long run. He said DeepSeek demonstrated China's ability to advance despite export controls. US chip export rules could end up helping Chinese companies like Huawei gain ground globally, he said. China is closing the AI gap fast, and the US must rethink its chip export controls if it wants to stay ahead, said David Sacks, the White House's AI and crypto czar. In a Bloomberg Television interview published on Wednesday, Sacks said that the US should be mindful of the speed at which Chinese companies are catching up in the AI race despite the chip export rules in place. Even though China is "supply-constrained" on the number of chips it can produce, Sacks said he expects that to change quickly. "Back in January, we had this DeepSeek moment where, before DeepSeek, people thought that Chinese AI models were years behind. And then DeepSeek launched, we realized that maybe they're more like three to six months behind," Sacks said. Sacks added that he thinks China might be one and a half to two years behind the US in chip design, but companies like Huawei are "moving fast" to catch up. "Even before they fully caught up, I think you will see them exporting their chips for the global market," he said, adding that this could cause the US to lose its edge. "If we're overly restrictive in terms of US sales to the world, I think there'll be a time where we're kind of kicking ourselves when, all of a sudden, Huawei is everywhere," he said. "We'll be saying, well, wait, when we had this whole market to ourselves, why didn't we take advantage of the opportunity and lock in the American tech stock?" Other tech leaders have similarly highlighted concerns with US export controls, which often hit their businesses' bottom lines. During the Computex Taipei tech conference in May, Nvidia's Jensen Huang slammed US chip export rules because they encouraged Chinese tech development. "The export control gave them the spirit, the energy, and the government support to accelerate their development. So I think, all in all, the export control is a failure," Huang said. He added that Nvidia's market share in China has decreased to 50%, down from 95% four years ago. Bernstein analysts said in an April note that banning Nvidia chips is unlikely to stop China's AI progress, as Chinese firms are turning to domestic alternatives like Huawei. "In the longer run, expect Huawei to keep closing the gap in performance and Chinese foundational models making up for compute deficiency with Deepseek-like innovation," the analysts wrote. A representative for Sacks did not immediately respond to a request for comment sent by Business Insider outside regular hours. Read the original article on Business Insider
Bloomberg
2 days ago
- Business
- Bloomberg
Stablecoin Bill Will Boost Dollar Demand: Sacks
David Sacks, White House AI and Crypto Czar and a partner at Craft Ventures, discusses the passage of the Genius Act in the Senate and how stablecoin legislation could help banks, consumers, and the US dollar. Sacks speaks exclusively with Caroline Hyde and Ed Ludlow on 'Bloomberg Tech.' (Source: Bloomberg)
Bloomberg
2 days ago
- Business
- Bloomberg
Trump Adviser David Sacks Says China Adept at Evading Chip Curbs
White House crypto and artificial intelligence czar David Sacks warned that China has grown adept at evading US export controls and is at most two years behind American semiconductor design capabilities. In a Bloomberg Television interview on Wednesday, Sacks said the US should be concerned that Huawei Technologies Co. is moving fast to catch up to its rivals outside China. He said that DeepSeek's breakthrough AI model earlier this year demonstrated how China could still advance even with export controls in place.
Axios
12-06-2025
- Business
- Axios
White House crypto czar talks Trump's support for industry, new legislation
David Sacks, the White House AI and crypto czar, explained Thursday why President Donald Trump has been so sympathetic to the digital asset industry. Why it matters: The new administration's approach to the industry has been a complete 180 from that of the prior administration, and an evolution even from Trump's own first term. Driving the news: "I think the President was subject to this unprecedented lawfare himself and so I think that when he hears these stories about founders being mistreated this way, I do think that it resonates on some level with him personally," Sacks explained in a recorded appearance e during an event organized by Coinbase, the country's largest cryptocurrency exchange. Sacks is referring to widespread reports that firms dealing in digital assets were losing banking services or had trouble securing those relationships. Zoom in: This week, the two major pieces of legislation that Republicans and the White House have prioritized took major steps in Congress, with stablecoin legislation likely to see a vote in the Senate soon and legislation on regulation getting voted to the House floor from two different committees. Meanwhile, the SEC has already begun work on new rules around securities registration specifically for digital assets. "If we never had to worry about a future Gary Gensler at the SEC, I think that what [SEC Crypto Task Force Chair] Hester Peirce and [SEC Chair] Paul Atkins come up with would be fine, but the reality is that you just never know," Sacks said. "I think the purpose of legislation is just to provide stability."
