AI Industry Seeks to Replicate Cryptocurrency Lobbying Success and Invests in Midterm Elections

Odaily News The AI industry is emulating the lobbying strategies of the cryptocurrency sector from the 2024 election cycle, aiming to influence the 2026 midterm elections and AI legislation through super PACs. The Leading the Future super PAC was established last summer with support from Silicon Valley investors including Marc Andreessen, Ben Horowitz, Greg Brockman, Joe Lonsdale, and Perplexity. Meta also formed a super PAC focused on AI regulation at the end of last year. Although Pew Research and Gallup polls show that retail investors are concerned about the negative impacts of AI on employment and privacy, the AI super PACs plan to promote innovation-friendly policies by supporting pro-AI candidates. Brian Rice, Meta's Vice President of Public Policy, stated that the company will support state-level candidates who champion U.S. technological leadership. Furthermore, LTF has publicly opposed New York's RAISE Act, arguing that such regulations would undermine America's leading position in the AI field. Currently, despite former President Trump's attempts at deregulation through executive orders, the RAISE Act was signed into law by New York Governor Kathy Hochul in December. (CNBC)