Silicon Valley prepares significant financial investments into political campaigns ahead of the 2024 elections to prevent strict regulations on artificial intelligence (AI).
Establishment of the Super-PAC 'Leading the Future'
According to *The Wall Street Journal*, a new super-PAC called 'Leading the Future' plans to invest over $100 million in combating AI regulation. This initiative is backed by connections and resources from well-known tech companies, including Andreessen Horowitz and OpenAI. Group leaders, including Greg Brockman, president of OpenAI, aim to take control of AI policy before others do.
Countering Regulation Strategy
The group, consisting of political operatives Josh Vlasto and Zac Moffatt, has already announced its plans. They intend to target four key states: California, New York, Illinois, and Ohio. Fundraising operations are expected to start before the end of this year. In their statement, they noted: 'There is a force out there looking to slow down AI deployment and prevent American workers from benefiting from global innovation and job creation.'
Crypto Industry's Influence on AI Policy
The new organization 'Leading the Future' employs a strategy that was successfully applied within the crypto industry. They aim to replicate the success of the super-PAC Fairshake, which supported candidates in favor of the first cryptocurrency laws in the U.S. It is expected that 'Leading the Future' will support both Democrats and Republicans depending on their stance towards AI.
The significance of 'Leading the Future' lies in its ambition to shape the future of artificial intelligence regulation in the United States and demonstrate the substantial influence that tech investments can have on political processes.
