"One was a fairly traditional super PAC, announced via a splashy press release, with multiple major industry players planning to donate over $100 million to boost AI-friendly candidates across the country. The other was far more unusual. Meta had quietly filed to create the Mobilizing Economic Transformation Across (Meta) California, a state-only super PAC that would allow Meta to spend its own money to run political ads on behalf of their AI interests - and only their interests."
"After the Supreme Court's 2010 decision in Citizens United loosened campaign finance restrictions, corporations and the super-wealthy have poured billions into super PACs: political action committees that can accept unlimited amounts of corporate money to spend on ads, advocacy, and voter turnout during elections. (The only requirement is that they cannot directly coordinate with candidates or campaigns, or directly donate to them.)"
Two pro-AI super PACs were announced the same day, one backed by multiple industry players pledging over $100 million to support AI-friendly candidates. Meta filed to create a state-only super PAC, Mobilizing Economic Transformation Across (Meta) California, enabling the company to spend its own funds on political ads solely for its AI interests. Citizens United enabled corporations and wealthy individuals to pour large sums into super PACs, which can spend unlimited amounts but cannot directly coordinate with campaigns. Campaign finance experts regard it as exceedingly rare for a company, especially one controlled by a single person, to create its own super PAC.
Read at The Verge
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