Trump’s Crypto AI Advisor Downplays Job Loss Fears

Key Takeaways

• David Sacks, Trump’s crypto AI advisor, says AI job loss fears are exaggerated, arguing humans still play a vital role in using AI effectively.
• A Microsoft study identified writing, analysis, and support jobs, including crypto-related ones, as more susceptible to AI automation.
• The crypto job market showed slow growth in July, with fewer new listings on major job boards.
• Balaji Srinivasan suggests that AI evolution displaces older AI models, not human workers, marking a new way to look at technological change.
  

Human Oversight Still Central, Says Trump’s Crypto AI Czar

Sacks, a prominent venture capitalist and long-time tech insider, made his position clear in a recent post on X.

Source: X (@DavidSacks)

The Trump crypto AI advocate emphasized that although AI can accelerate productivity, it still requires human prompting, supervision, and validation to be effective.

This perspective comes as a counterpoint to a new study by Microsoft Research, which listed the 40 job roles most susceptible to AI disruption, many of which are closely tied to the crypto sector.

Which Jobs Are Most At Risk?

The Microsoft study, based on over 200,000 anonymized Bing Copilot chats, analyzed how AI is used in real-world workplace environments.

For the most part, researchers focused on tasks like information gathering, writing, advising, and teaching.

Key Job Roles Vulnerable To AI

Some of the jobs highlighted as high-risk include:

• News analysts
• Technical writers
• Journalists
• Customer service representatives

Notably, these positions often play a role within the crypto industry as well, raising questions about the impact of AI in crypto-specific careers.

AI Applicability Scores

Microsoft assigned an “AI applicability score” to each job type:

• Reporting and writing jobs scored between 0.38 and 0.39
• More technical roles like data scientists scored lower, usually 0.35 to 0.36

While these numbers suggest that AI can handle some tasks effectively, it doesn’t necessarily replace the strategic, human aspects of the work.

Weak July Jobs Report Raises Eyebrows

The release of the Microsoft study coincided with a disappointing U.S. jobs report.

Jobs Most At Risk Of Being Replaced By AI

Source: Microsoft

The Department of Labor announced only 73,000 new jobs were added in July, well below the 100,000 predicted by analysts.

Crypto Job Boards Show Minimal Growth

The crypto job market mirrored the broader slowdown:

• CryptoJobsList.com added only 38 new listings in July
• Remote3.co listed just 69 roles

This sluggish hiring trend has reignited concerns about how AI might be influencing employment in emerging tech sectors like crypto.

“AI Replaces Old AI, Not Humans”

Sacks’ view aligns closely with former Coinbase CTO Balaji Srinivasan, who has been vocal about rethinking the AI narrative. According to Srinivasan, the belief that AI will wipe out entire human job categories is flawed.

He said:

“AI doesn’t take your job, it lets you do any job.”

 

AI Will Not Compete With Human Workers

In a now-viral analogy, Balaji explained:

“Midjourney took Stable Diffusion’s job, and GPT-4 took GPT-3’s job. Once AI has a place in your workflow, you just upgrade to the latest model.”

This suggests that AI evolution is competitive within its own ecosystem, not necessarily at the expense of human workers.

FAQ

What does “Trump crypto AI czar” mean?

This refers to David Sacks, who has been appointed under a hypothetical or upcoming Trump administration to oversee both crypto and AI policy development.

Is AI really taking over jobs in crypto?

AI is influencing some roles like content writing, customer support, and analysis, but it often augments rather than replaces these jobs.

Which crypto roles are at highest risk from AI?

Jobs such as technical writers, crypto journalists, and some customer service positions are more likely to be impacted.

Will AI eliminate all jobs?

No. Both Sacks and Srinivasan argue that AI is a tool, not a full replacement for human workers. It needs human supervision to be truly effective.