Trump’s AI and Crypto Chief David Sacks Says AI Job Loss Fears Are Overblown

David Sacks, the White House’s top advisor on AI and cryptocurrency, has dismissed concerns that artificial intelligence will lead to mass job displacement, calling the panic “overhyped.” According to Sacks, AI still requires human oversight and functions best as a tool that augments, not replaces, human workflows.

His comments follow the release of a Microsoft Research study that identified 40 job categories most at risk of being impacted by AI — many of which are common in the crypto industry.

“AI still has to be prompted and verified to drive business value,” Sacks wrote on X.
“It handles the middle of a task — humans are still needed for the end-to-end process.”

Why the AI job loss narrative is overhyped: AI models still need to be prompted and verified, often iteratively, to drive business value. As @balajis says, AI is middle-to-middle, not end-to-end. Humans do the stuff at the ends (supervision); AI does the stuff in the middle. https://t.co/fDVDUIbbmR

— David Sacks (@DavidSacks) August 3, 2025

Microsoft: Writing and Reporting Roles Most at Risk

The Microsoft study, which analyzed over 200,000 anonymized Copilot chats from its Bing search assistant, concluded that AI is already widely used in information gathering, writing, advising, and teaching tasks.

Jobs like:

• News analysts

• Reporters and journalists

• Technical writers

• Customer service representatives

ranked among the most susceptible to AI replacement, with “AI applicability scores” ranging from 0.38 to 0.39 — indicating a high degree of compatibility with AI-based task automation.

By contrast, data-heavy roles like market researchers and data scientists scored slightly lower at 0.35 to 0.36, suggesting they remain less vulnerable for now.

Crypto Job Listings Reflect a Cautious Hiring Climate

The AI disruption debate arrives amid a broader labor market slowdown. The U.S. Department of Labor reported only 73,000 jobs added in July, falling short of Dow Jones’ 100,000-job estimate.

In the crypto sector, job creation remains limited:

• Only 38 new roles were posted on CryptoJobsList.com in July

• Remote3.co added just 69 new positions in the same period

Some of the affected roles, like writers, customer service agents, and analysts, are staples in the crypto job market.

Sacks Agrees with Balaji: AI Enhances Humans, Doesn’t Replace Them

Sacks echoed insights from Balaji Srinivasan, former CTO of Coinbase, who argued that current AI tools are not truly autonomous agents — they’re still extensions of the human user.

“Today’s AI is not truly agentic because it’s not independent of you,” Balaji wrote.
“AI doesn’t take your job — it lets you do any job.”

He added that if AI replaces anything, it’s usually older versions of AI:

“Midjourney took Stable Diffusion’s job. GPT-4 took GPT-3’s job. Once a workflow slot is allocated to AI, it just gets filled with the latest model.”

Conclusion: AI Still Needs Us

While AI continues to reshape the nature of digital work, particularly in content creation and information services, Sacks and other tech leaders argue that human involvement remains essential — especially when it comes to judgment, direction, and validation.

For now, AI appears more likely to redefine job roles rather than eliminate them entirely — particularly in crypto, media, and technology sectors where it often enhances productivity rather than replacing personnel.