During the 2024 election, the cryptocurrency industry, including political action committees, accounted for nearly half of all of the corporate money going into the election, according to the watchdog group Public Citizen. That spending helped make Congress and the Trump administration more friendly to the crypto industry.

Now, we're in the run-up to the midterms and the AI industry wants to replicate the crypto sector’s success. AI companies are amassing millions of dollars to help candidates that favor light regulation over AI.

Marketplace’s Nova Safo spoke with Amrith Ramkumar, a reporter at the Wall Street Journal who recently wrote about this new pro-AI PAC network.

More on this

Silicon Valley Launches Pro-AI PACs to Defend Industry in Midterm Elections - from the Wall Street Journal

Big Crypto, Big Spending: Crypto Corporations Spend an Unprecedented $119 Million Influencing Elections - from Public Citizen