Sacks argues US is ‘tying itself in knots’ over AI after release of new Chinese model Former White House AI czar David Sacks said the U.S. is harming its competitiveness by overregulating AI, after Chinese startup Moonshot AI released its Kimi K3 model, which stunned the American AI industry. Former White House AI and cryptocurrency czar David Sacks argued Friday that the U.S. is “tying itself in knots” over AI and risking its competitive edge, following the release of a new Chinese model. Kimi K3, a new model from the Chinese startup Moonshot AI, sent shockwaves through the American AI industry Thursday after its…