AI Political Action Committees Spent About $72 Million in This Midterm Election Cycle, Less Than Crypto Industry's $170 Million

According to TechFlow, on November 4, Eleanor Terrett disclosed that in this U.S. midterm election cycle, the AI industry became a major source of political spending, with related political action committees (PACs) spending about $72 million, still below the roughly $170 million spent by three major crypto PACs. Both industries saw some political investments fail to deliver the expected results; Darline Graham, Mike Rogers, and Carlos For Texas, backed by the AI industry, were all defeated in the elections.

Source: TechFlow