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President-elect Donald Trump is tapping tech heavyweights to join his new administration, continuing a trend of Silicon Valley's growing influence in a second Trump White House. Trump also picked Sriram Krishnan as senior policy advisor for artificial intelligence at the White House Office of Science and Technology Policy. Along with X, Musk runs vehicle maker Tesla , defense contractor SpaceX and brain tech startup Neuralink. Krishnan will likely work closely with David Sacks, another tech executive who has a long history with Musk. Trump earlier this month named Sacks — a venture capitalist, former PayPal COO and popular podcaster — as "czar" of crypto and AI.
Persons: Donald Trump, Trump, Scott Kupor, Andreessen Horowitz, Kupor, Elon Musk, Vivek Ramaswamy, Sriram Krishnan, Krishnan, Musk, David Sacks, Sacks — Organizations: Trump White House, Personnel Management, Elon, Department of Government, White, Office of Science, Technology, Microsoft, Meta, Yahoo, Trump, SpaceX
a16z said in an email it intends to keep banking with SVB, as the bank is "fully operational." The VC firm noted it is working on a "general diversification plan" and will find anther bank in the future. "We have been working closely with the new leadership at SVB (alongside our existing relationship managers) and are pleased to report that the bank is now fully operational," Andreessen Horowitz, commonly referred to as a16z, wrote. The regional bank was taken over by the government on Friday after a bank run. Most of that is not in cash stored in bank accounts but in other investments.
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