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00:02Silicon Valley's effort to influence artificial intelligence policy
00:06has divided into competing political campaigns ahead of the midterm elections.
00:11According to CNBC's analysis of Federal Election Commission filings,
00:16groups favoring faster AI development and lighter regulation
00:20spent roughly $8 million on general election congressional races,
00:24compared with $6.9 million from groups advocating stronger safeguards.
00:29Combined spending on federal candidates reached approximately $78.5 million this election cycle,
00:35with 74% directed toward primaries.
00:38The slowdown comes as public opposition to AI development grows.
00:42A CNBC survey found 52% of registered voters favor pausing advanced AI development
00:48until Congress establishes regulations.
00:51The AI industry's political strategy sought to replicate the cryptocurrency industry's 2024 election playbook.
00:58When ProCrypto Super PACs spent more than $130 million backing candidates,
01:04who won 53 of 58 races.
01:06For all things money, visit Benzinga.com.
