President-elect Trump named former PayPal Chief Operating Officer David Sacks as his White House artificial intelligence (AI) and cryptocurrency czar.

“In this important role, David will lead the administration’s policy in artificial intelligence and cryptocurrency, two areas critical to the future of American competitiveness,” Trump said in his announcement Thursday evening.

“David will focus on making America the clear global leader in both areas,” he said.

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David Sacks, former CEO of Yammer, speaks on stage during the Republican National Convention in Milwaukee on July 15. (Ricky Carioti/The Washington Post via Getty Images)

Trump said Sacks would also prioritize “protecting” free speech and staying away from “Big Tech bias and censorship.”

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“It will protect free speech online and keep us away from the bias and censorship of Big Tech,” he said. “He will work on a legal framework so that the crypto industry has the clarity it has been asking for and can thrive in the US. David will also lead the President’s Council of Advisors on Science and Technology.”

President-elect Trump named former PayPal Chief Operating Officer David Sacks as his White House artificial intelligence (AI) and cryptocurrency czar. (Getty Images)

Sacks, a former PayPal executive, has made angel investments in several major companies including Facebook, Uber, SpaceX, Airbnb and Palantir through his Craft Ventures fund.

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His enterprise software company Yammer was acquired by Microsoft in 2012 for over $1 billion.