Tech Industry Launches $100 Million Campaign for AI-Friendly Federal Regulation

In what's being seen as a significant development in the tech industry's bid to shape AI policy, Innovation Council Action (ICA) has announced a $100 million spending plan for the US midterm elections.

The group aims to support candidates who favor light-touch technology oversight and back a single federal rulebook for artificial intelligence governance. This move is being seen as crucial in preventing state-level regulations that could hinder American innovation and put the country at a competitive disadvantage against global rivals.

According to sources, ICA's campaign will focus on key battleground states such as Iowa, Kentucky, Maine, Michigan, and North Carolina, where regulatory sentiment remains divided. The initiative has garnered significant support from influential figures in the tech industry, including David Sacks, who recently served as the White House AI and crypto tsar.

The group's efforts are expected to be closely watched by observers of the US midterm elections, which take place on November 8. With total pro-AI political spending nearing $300 million this cycle, ICA's campaign is set to be one of the most significant in the industry.