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		<title>AI political spending splits Silicon Valley ahead of election</title>
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		<pubDate>Tue, 27 Oct 2026 10:11:36 +0000</pubDate>
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					<description><![CDATA[<div style="margin-bottom:20px;"><img width="1920" height="1080" src="https://financenews.one/wp-content/uploads/2026/10/108438991-1792529087998-gettyimages-2301197447-_q3a2815_pbbqoehu.jpeg" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="" decoding="async" fetchpriority="high" srcset="https://financenews.one/wp-content/uploads/2026/10/108438991-1792529087998-gettyimages-2301197447-_q3a2815_pbbqoehu.jpeg 1920w, https://financenews.one/wp-content/uploads/2026/10/108438991-1792529087998-gettyimages-2301197447-_q3a2815_pbbqoehu-300x169.jpeg 300w, https://financenews.one/wp-content/uploads/2026/10/108438991-1792529087998-gettyimages-2301197447-_q3a2815_pbbqoehu-1024x576.jpeg 1024w, https://financenews.one/wp-content/uploads/2026/10/108438991-1792529087998-gettyimages-2301197447-_q3a2815_pbbqoehu-768x432.jpeg 768w, https://financenews.one/wp-content/uploads/2026/10/108438991-1792529087998-gettyimages-2301197447-_q3a2815_pbbqoehu-1536x864.jpeg 1536w" sizes="(max-width: 1920px) 100vw, 1920px" /></div>Protesters hold up &#8220;Freeze AI Now&#8221; signs outside OpenAI headquarters in San Francisco, Oct. 20, 2026. Heather Diehl &#124; Getty Images Silicon Valley&#8217;s bid to dominate artificial intelligence politics has devolved into a fight with itself. With one week until the midterm election, political groups favoring faster AI development and lighter, more uniform rules have [&#8230;]]]></description>
										<content:encoded><![CDATA[<div style="margin-bottom:20px;"><img width="1920" height="1080" src="https://financenews.one/wp-content/uploads/2026/10/108438991-1792529087998-gettyimages-2301197447-_q3a2815_pbbqoehu.jpeg" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="" decoding="async" srcset="https://financenews.one/wp-content/uploads/2026/10/108438991-1792529087998-gettyimages-2301197447-_q3a2815_pbbqoehu.jpeg 1920w, https://financenews.one/wp-content/uploads/2026/10/108438991-1792529087998-gettyimages-2301197447-_q3a2815_pbbqoehu-300x169.jpeg 300w, https://financenews.one/wp-content/uploads/2026/10/108438991-1792529087998-gettyimages-2301197447-_q3a2815_pbbqoehu-1024x576.jpeg 1024w, https://financenews.one/wp-content/uploads/2026/10/108438991-1792529087998-gettyimages-2301197447-_q3a2815_pbbqoehu-768x432.jpeg 768w, https://financenews.one/wp-content/uploads/2026/10/108438991-1792529087998-gettyimages-2301197447-_q3a2815_pbbqoehu-1536x864.jpeg 1536w" sizes="(max-width: 1920px) 100vw, 1920px" /></div><p> <br />
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<p>Protesters hold up &#8220;Freeze AI Now&#8221; signs outside OpenAI headquarters in San Francisco, Oct. 20, 2026.</p>
<p>Heather Diehl | Getty Images</p>
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<p>Silicon Valley&#8217;s bid to dominate <a rel="nofollow" href="https://www.cnbc.com/ai-artificial-intelligence/">artificial intelligence</a> politics has devolved into a fight with itself.</p>
<p>With one week until the <a rel="nofollow" href="https://www.cnbc.com/2026/10/22/trump-economic-approval-rating-midterms-poll.html">midterm election</a>, political groups favoring faster AI development and lighter, more uniform rules have spent roughly $8 million in <a rel="nofollow" href="https://www.cnbc.com/elections/">general-election congressional races</a>, besting groups pushing for stronger safeguards and more room for states to regulate that have spent about $6.9 million, according to a CNBC analysis of Federal Election Commission filings through Oct. 20.</p>
<p>In Florida&#8217;s 25th Congressional District, that split has produced a direct face-off. During the primary, Think Big, an affiliate of Leading the Future, the main super PAC network pushing faster AI development and lighter regulation, spent $310,000 supporting Democrat <a rel="nofollow" href="https://www.cnbc.com/2026/09/25/house-midterms-toss-ups-campaign-cash-incumbents.html">Jared Moskowitz</a>, whose district changed after Florida redrew its congressional map ahead of the 2026 election. On the other side, Defending Our Values, a super PAC favoring stricter safety guardrails and state-level authority, dropped almost $857,000 to boost Republican Scott Singer and an additional $740,000 to keep one of his primary opponents from being elected.</p>
<p>Now, Moskowitz and Singer face off in the general election.</p>
<p>It&#8217;s a microcosm of the <a rel="nofollow" href="https://www.cnbc.com/2026/07/09/ai-companies-election-spending.html">breakdown</a> in Silicon Valley&#8217;s bid to build a <a rel="nofollow" href="https://www.cnbc.com/2026/10/09/the-ai-election-wall-street-braces-for-midterms-impact-on-data-centers.html">unified AI political machine</a>. Both sides favor AI innovation and agree on the need for guardrails, but they remain locked in a costly tug-of-war over which candidates to back — and which will best align with their preferred deployment speed, regulatory reach and balance of state power. </p>
<p>Electing more <a rel="nofollow" href="https://www.cnbc.com/2026/01/28/ai-laws-tech-lobyying-super-pac-midterm-elections.html">allies</a> could give either camp an edge in shaping AI policy in the next <a rel="nofollow" href="https://www.cnbc.com/congress/">Congress</a>, even as the feud risks weakening Silicon Valley&#8217;s clout.</p>
<p>&#8220;Everyone supports some form of regulation. It&#8217;s just a debate about how much,&#8221; said<a rel="nofollow" href="https://www.politicalaccountability.net/about-us/staff/" target="_blank"> Bruce Freed</a>, president and co-founder of the nonpartisan Center for Political Accountability and a former chief investigator for the Senate banking committee. &#8220;Money is flowing in all directions to be in the driver&#8217;s seat of what happens.&#8221;</p>
<p>CNBC identified federal committees aligned with each camp and totaled their FEC-reported independent expenditures supporting or opposing congressional candidates. The analysis excludes state races and nonprofit advocacy spending.</p>
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<h2 class="ArticleBody-subtitle"><a rel="nofollow" id="headline0"/>The crypto playbook</h2>
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<p>This was not the plan. The model was <a rel="nofollow" href="https://www.cnbc.com/crypto/">cryptocurrency</a>. </p>
<p><a rel="nofollow" href="https://www.cnbc.com/2026/10/05/fairshake-crypto-super-pac-house-races.html">Fairshake</a> and its affiliated pro-crypto super PACs, backed by <span class="QuoteInBody-quoteNameContainer" data-test="QuoteInBody" id="RegularArticle-QuoteInBody-12"><a rel="nofollow" href="https://www.cnbc.com/quotes/COIN/">Coinbase</a><span class="QuoteInBody-inlineButton"><span class="AddToWatchlistButton-watchlistContainer" id="-WatchlistDropdown" data-analytics-id="-WatchlistDropdown"><button class="AddToWatchlistButton-watchlistButton" aria-label="Add To Watchlist" data-testid="dropdown-btn"><span class="AddToWatchlistButton-addWatchListFromTag"/></button></span></span></span>, <a rel="nofollow" href="https://www.cnbc.com/2026/05/19/ripple-cnbc-disruptor-50-ranking.html">Ripple</a> and <a rel="nofollow" href="https://www.cnbc.com/2026/01/09/andreessen-horowitz-raises-15-billion-big-in-infrastructure-defense.html">Andreessen Horowitz</a>, spent more than <a rel="nofollow" href="https://www.fec.gov/resources/campaign-finance-statistics/2024/tables/ie/IE1_2024_24m.pdf" target="_blank">$130 million</a> during the 2024 election cycle, according to FEC filings. Candidates it supported won 53 of 58 races, a 91% success rate, according to crypto publication <a rel="nofollow" href="https://www.coindesk.com/news-analysis/2024/12/02/crypto-cash-fueled-53-members-of-the-next-u-s-congress" target="_blank">CoinDesk</a>.</p>
<p>AI investors took note. In August 2025, Leading the Future launched with more than $100 million in commitments from tech heavyweights including Andreessen Horowitz, <a rel="nofollow" href="https://www.cnbc.com/2026/05/19/openai-cnbc-disruptor-50-ranking.html">OpenAI</a> President <a rel="nofollow" href="https://www.cnbc.com/2026/07/10/openai-power-consolidates-under-co-founder-greg-brockman-ahead-of-ipo.html">Greg Brockman</a> and his wife, Anna, and <a rel="nofollow" href="https://www.cnbc.com/2026/05/19/perplexity-cnbc-disruptor-50-ranking.html">Perplexity</a> and <span class="QuoteInBody-quoteNameContainer" data-test="QuoteInBody" id="RegularArticle-QuoteInBody-20"><a...</a></span></p>
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<p><br />
<br />Read More: <a href="https://www.cnbc.com/2026/10/27/ai-political-spending-silicon-valley-election.html">AI political spending splits Silicon Valley ahead of election</a></p>
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