
Today, Chairman @SenatorTimScott led Banking Committee Republicans and Democrats in a historic bipartisan markup to advance to Clarity Act, legislation that will establish clear rules of the road for digital assets.
David Sacks
14.2K posts

@DavidSacks
Tech founder & investor. Personal views only. Official account: @davidsacks47

Today, Chairman @SenatorTimScott led Banking Committee Republicans and Democrats in a historic bipartisan markup to advance to Clarity Act, legislation that will establish clear rules of the road for digital assets.

Families, small businesses, investors, and innovators deserve clear rules of the road for digital assets. The Senate’s version of the CLARITY Act delivers certainty, safeguards, and accountability, while protecting Main Street, strengthening national security, and keeping innovation in America.




David Sacks: “FDA for AI” is fake news, but here’s why it’s making headlines @Jason: “ Who's leading Trump down the path of regulation and creating this AI FDA?” @DavidSacks: “I think there's several things going on here. The first one is, there's a lot of fake news. This whole idea of an FDA for AI, I don't think any senior official supports it. Certainly, I don't think that's the way the president thinks about these issues. He's the most pro-innovation president we've ever had. And the White House Chief of Staff, Susie Wiles, just put out a statement last night that I think pretty much shoots this down. Second, there's another thing going on, which is a straw manning of what the Trump administration did on AI in its first year. In the same way that they want to spin this FDA for AI, they're also trying to spin what we did as this completely laissez-faire attitude, where there'd be no regulations whatsoever, nor guardrails. It's a way of criticizing what we did. They're trying to portray it as unsafe. In fact, if you look, on March 20th, the White House released a national AI regulatory framework in which we put out a four-page bulleted list of legislation that we would support. So we have not been against every conceivable regulation or every conceivable law, we just believe that there should be specific solutions to specific problems, as opposed to a giant power grab by Washington that would squash innovation. Point number three is, there is a legitimate thing happening here with, let's call it Mythos or cyber. Within 3-6 months, all the major frontier labs, including Chinese models, will have cyber capabilities. In response to that, we do need there to be a hardening of systems, and we do need there to be a scanning of codebases to find these vulnerabilities and patch them before the hackers do it. Because the hackers will have these capabilities in a matter of months. That's a certainty. So we do need a response to that. Now, my view on what should that response be, first of all, we should want the government and the private sector to work cooperatively, and I think they are. What we should be doing, I think, is getting these tools, Mythos, and then the OpenAI model, and others like it, in the hands of our cybersecurity industry. And by the way, not just the public companies like Palo Alto Networks and CrowdStrike, although certainly they're two of the most noteworthy, but there's also some incredibly strong startups on the way up. We need to get these tools into their hands as quickly as possible because they're a force multiplier for all the companies out there that aren't that good at cybersecurity, they can use these companies as vendors. And just one last point on this whole thing is, both Anthropic and OpenAI acted responsibly here. No one was trying to release these super powerful models. So in a way, all the people who are saying that we need pre-release approvals for models, they're trying to solve a problem that didn't exist. Yes, we do have this cyber issue, but that is a problem that we will solve over the next six months. What they're trying to do is use that issue to try and create a permanent new infrastructure in Washington. The classic 'never let a crisis go to waste' strategy.”





Morgan Stanley has again raised its capex forecasts for the five hyperscalers Amazon, Alphabet, Meta, Microsoft, and Oracle. It now expects them to spend about $805bn this year, up from a previous estimate of $765bn. For next year, the forecast has been lifted from $951bn to $1.1TRILLION. To put that into perspective, their 2026 spending alone would be roughly equal to what all non-tech companies in the S&P 500 spent combined in 2025. The expected ~$800bn for 2026 is nearly double 2025 levels and about three times what was spent in 2024.


Narrative violation and great insight from the latest Citadel Securities banger by Frank Flight: "We illustrated back in February that demand for software engineers, the most AI exposed occupation was accelerating higher, which we argued violates the displacement narrative. Indeed the acceleration in software job postings has continued, now up 18% from the inflection point in May last year."





OpenAI’s GPT-5.5 is the second model to complete one of our multi-step cyber-attack simulations end-to-end 🧵