David Sacks, White House AI and Crypto Czar and partner at Craft Ventures, discusses US policy on selling "deprecated" AI chips to China and how the administration is pushing to ensure the world operates on a US-built AI stack. Sacks joins Caroline Hyde and Ed Ludlow on “Bloomberg Tech."
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Questions asked in this interview
7
0:00Could I just ask you a sort of interpretation of what it signals when you have a US chipmaker like AMD and one of the frontier model shops like OpenAI working so closely together on infrastructure?
1:53Anything that gives you pause in terms of actually the infrastructure needs here at the moment, David?
2:55Did the parties consult the White House about moving forward with this arrangement and their plan to work together?
3:19But also within that broad description, should the United States or should the United States not export advanced AI chips to China?
4:32What's your position on that and whether the United States wants to kind of leave the world open to China to sell its own technology?
David, there is something that I wanted to talk to you about for a long time, and we will get into it. The debate around should the United States or should the United States not export some form of it to China? And we will get to it. But I'm sure you can appreciate the AMD and OpenAI agreement is very interesting and so is a place to start. Could I just ask you a sort of interpretation of what it signals when you have a US chipmaker like AMD and one of the frontier model shops like OpenAI working so closely together on infrastructure?
Well, I think the main thing here is that there's an AI boom going on and the market is highly competitive. We have a number of leading model companies, we have a number of leading chip companies, and they're all competing with each other and they're all booming. And what we see here is that this AI boom just keeps going and going and keeps driving businesses to new highs. And this is all a result of President Trump's pro-innovation, pro-export, pro-AI policy. And we saw this helped drive U.S. GDP to a 3.8% growth rate in the second quarter. So I think this boom just seems to keep going and going.
And we just heard, I think it was Jason Wong, was later on a podcast shouting you out, shouting out those that are in the team at the White House at the moment guiding when it comes to technology. David, but I'm interested as to whether you as an investor have great comfort in these relationships being built, financial relationships between chip designers and the chip users.
Well, I think it's up to them. You know, I don't really take sides in these deals. We want all of our American companies to be successful, and they're all competing with each other and cooperating with each other. I guess it's called competition, and that's a great thing to see. We just want, you know, putting my AI hat on, we just want these markets to be competitive and we want American companies to be successful. And that's what's happening right now.
I'm looking, therefore, at the future. Roll out the build-out. Anything that gives you pause in terms of actually the infrastructure needs here at the moment, David?
Well, any time you're working in the world of atoms, it's going to be more complicated than when you're working in the world of bits. And so it's very important for us to scale up the amount of power that's available to companies. And you're seeing that thanks to President Trump's policies that are pro-energy. The president, you know, backed the idea of drill, baby, drill going back many years. I think he was very farsighted in this regard. He understood that energy is a basis for everything. It's certainly the basis for this AI boom. And we're in the process of allowing a lot more power generation in the U.S. President Trump is allowing so-called behind-the-meter power generation. In other words, these companies can stand up their own power generation. We need to squeeze more out of the grid, and we're enabling new oil and gas and nuclear. So all of the above. So I think that energy is the main thing and President Trump is supporting that.
David, final question on AMD and OpenAI. Did the parties consult the White House about moving forward with this arrangement and their plan to work together?
No, no. I mean, not with me. And I wouldn't expect them to. We just don't get involved in the dealmaking between private companies. Again, we're here to create a policy environment that is supportive for all of our companies.
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Sacks, D. (2025, October 6). Sacks Sees Case for Selling China ‘Deprecated’ AI Chips [Interview transcript]. Bloomberg Technology. CEOInterviews.AI. https://ceointerviews.ai/interview/828388/
MLA
David Sacks. "Sacks Sees Case for Selling China ‘Deprecated’ AI Chips." Bloomberg Technology, 6 Oct. 2025. Transcript, CEOInterviews.AI, https://ceointerviews.ai/interview/828388/.
BibTeX
@misc{sacks2025_828388,
author = {David Sacks},
title = {Sacks Sees Case for Selling China ‘Deprecated’ AI Chips},
howpublished = {Interview transcript, Bloomberg Technology. CEOInterviews.AI},
year = {2025},
month = {oct},
url = {https://ceointerviews.ai/interview/828388/},
note = {Speaker-attributed transcript with timestamps}
}
