According to the Financial Times, a new pro-AI group backed by Donald Trump advisor David Sacks plans to spend at least $100 million in this November’s U.S. midterm elections to support candidates. The industry is seeking to counter growing calls for stricter regulation of the technology. The planned spending by Innovation Council Action comes on top of nearly $200 million already raised by other pro-AI organizations and will make policy around this technology a key battleground in the fight for control of Congress. Last year, the political action committee Leading the Future—backed by donors including Greg Brockman, co-founder of OpenAI; Andreessen Horowitz, a leading venture capital firm; and Joe Lonsdale, co-founder of Palantir—raised $125 million to support pro-AI candidates.
Pro-AI Group to Spend $100 Million in U.S. Midterm Elections
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Summary
A pro-AI group called Innovation Council Action, backed by David Sacks, a Trump advisor, plans to spend $100 million in the U.S. midterms to support candidates favorable to AI. The group aims to counter stricter AI regulation, with CFT guidelines being referenced to ensure compliance in campaign financing. Other pro-AI groups have raised nearly $200 million, with MiCA-style regulatory concerns shaping their efforts. Last year, the PAC Leading the Future, supported by OpenAI’s Greg Brockman, raised $125 million for similar initiatives.
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