American businessman, venture capitalist, and software pioneer
Outside groups have poured billions into 2026 races, with AI, crypto and political power players spending to back or thwart candidates. In NY-12, Maryland’s MD-05, and beyond, pro- and anti-AI committees are influencing races as November approaches, while individual fortunes test the limits of soft money in a polarized landscape.
A high-stakes New York Democratic primary has become a focal point in the national AI policy fight as major AI-backed PACs flood the race, backing or opposing candidate Alex Bores in the 12th district. The contest highlights how industry money is influencing regulatory debates ahead of November.
Federal Reserve Chair Kevin Warsh has convened five task forces to examine communications, data, the balance sheet, productivity, AI, and inflation frameworks. Leaders include Marc Andreessen, Doug McMillon, Mervyn King, Raj Chetty, and others. The groups will work with Fed staff and report to the FOMC, with changes expected by year-end.
Anthropic and a web of AI safety groups are boosting political advertising through large donations to allied super PACs and nonprofits. FEC filings show rising spending as midterms approach. Major donors include Anthropic executives and OpenAI-aligned figures.
The Trump administration has finalized an AI testing framework, but details remain private as OpenAI, Anthropic, and other firms review the plan. Aimed at safety and cybersecurity, the process has sparked questions about transparency and scope, with several tech giants present at a White House briefing.