Pro-AI super PAC keeps $31M ready for the midterms
Summary
Several political action committees (PACs) connected to the artificial intelligence (AI) industry are raising and spending millions of dollars ahead of the U.S. midterm elections. Pro-AI groups supporting rapid development and lighter regulation have much more funding than those focused on AI safety and regulation.Key Facts
- Leading the Future is a pro-AI super PAC backed by tech executives that had $31.5 million at the end of June, after transferring $20 million to other related groups.
- Leading the Future sent $10 million each to two other PACs: Think Big PAC and American Mission PAC.
- Public First Action, a nonprofit promoting AI safety, received $20 million from AI company Anthropic this year and is linked to three super PACs.
- The bipartisan Public First PAC had about $494,000 on hand but raised $3.4 million this quarter, much from Anthropic staff; the CEO of Anthropic donated $1 million.
- Jobs and Democracy PAC, which supports Democrats, ended June with about $1.3 million; it spent heavily on a New York candidate who lost the primary.
- The Republican-leaning Defending Our Values PAC had around $315,000 available at quarter’s end.
- Guardrails Alliance, a new super PAC supporting AI safety and workers' rights, reported nearly $400,000 in funds.
- Overall, groups focused on AI safety have far less money than those pushing for rapid AI development and fewer regulations.
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