Spent Millions

• Pro- and anti-AI interest groups spent a combined $24 million on a single congressional race in New York's 12th district. • The spending was funneled through Super PACs, which are permitted to raise and spend unlimited funds to support or oppose specific candidates. • This high-spending contest serves as a bellwether for how the AI industry intends to influence political outcomes through massive financial injections.

Pro- and anti-AI groups spent $24m on a congressional contest in New York, but it’s unclear to what endUS politics live – latest updatesWhen the Democratic primary for New York’s 12th congressional district was called on Tuesday night, the result capped off one of the most expensive races of its kind in the state’s history. More than $24m poured into the Manhattan contest from tech-backed financial groups as the campaign turned into a battleground for pro- and anti-AI groups to test their influence.Much of the spending targeted candidate Alex Bores, a member of the state assembly who sponsored an AI safety bill and subsequently became a lightning rod for the tech industry. Pro-AI political action committees (Pacs) put more than $8m into the race to oppose Bores, according to Tech Influence Watch, while industry groups supporting regulation spent more than $16m to counter the attacks. Continue reading...

Silicon Valley is fighting against regulation, taxes and growth of AI and will benefit from having political leverageSilicon Valley had a big night in California’s primary election, proving that the tens of millions of dollars funding candidates across the state was money well spent. While the tech industry’s preferred candidate for governor came in a scant sixth place, donations to smaller elections proved to be a successful strategy.Tech billionaires have in past months thrown their full weight into politics as the industry fights regulations, taxation and promotes the unfettered growth of artificial intelligence. Getting the right candidates in office, especially in its home turf of California, is existential. With favorable candidates, tech companies can gain both political and regulatory leverage to maintain their dominance in business. Continue reading...