AI industry pledges $100m to Super PACs, copying crypto’s political playbook

Uncover key highlights within the Bitcoin house. This article dives into: “AI industry pledges $100m to Super PACs, copying crypto’s political playbook”.

Tech billionaires, together with Andreessen Horowitz, Greg and Anna Brockman, already pledged $100 million to change AI regulation within the U.S.

Summary

• The AI industry is placing $100 million into influencing U.S. coverage on AI
• Andreessen Horowitz, Greg, and Anna Brockman are among the many backers
• The transfer comes after the crypto industry’s success within the November 2024 elections

The AI industry is copying the crypto playbook, hoping to form U.S. regulation within the coming years. On Monday, August 25, a bunch of main AI corporations and tech billionaires launched the Leading the Future platform, set to affect rules round AI know-how.

With funding that already reached $100 million, the group will lead federal and state Super PACs, funding candidates with a pro-AI agenda and opposing others. These Super PACs will goal races in each major and common elections.

The group can even concentrate on drafting coverage proposals, lobbying, and ranking lawmakers on their voting observe report. What is extra, they can even interact in public relations, aimed toward altering the general public’s notion of the AI industry.

Supporters of the platform embrace Andreessen Horowitz, Greg and Anna Brockman, AI agency Perplexity, Ron Conway from SV Angel, and Joe Lonsdale from 8VC.

AI industry copies crypto’s playbook

Leading the Future’s playbook largely displays that of crypto teams, corresponding to Fairshake, which was the most important Super PAC within the 2024 elections. Notably, Andreessen Horowitz was considered one of Fairshake’s main backers, whereas others included industry giants corresponding to Coinbase, Ripple Labs.

Fairshake used greater than $200 million in funding to assist pro-crypto political candidates whereas opposing people who don’t align with the industry. By the group’s personal requirements, the outcomes have been a powerful success. After the November 2024 elections, over 250 pro-crypto candidates joined Congress. Most of the brand new pro-crypto candidates have been Republicans, and the Super PAC managed to oust some long-time incumbents.

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