US political financing

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Was Elon Musk the US midterms’ biggest loser? – Stateside with Kai and Carter

The tech industry spent big on the midterms, but it turned out to be a poor investment. Elon Musk poured a staggering $446m dollars into Republican-aligned political action committees (Pacs) and groups since last year, but his efforts didn’t pay off. Democrats won every one of the five Senate races where Musk’s America Pac spent

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Was Elon Musk the US midterms’ biggest loser? – Stateside with Kai and Carter

The tech industry spent big on the midterms, but it turned out to be a poor investment. Elon Musk poured a staggering $446m dollars into Republican-aligned political action committees (Pacs) and groups since last year, but his efforts didn’t pay off. Democrats won every one of the five Senate races where Musk’s America Pac spent

Was Elon Musk the US midterms’ biggest loser? – Stateside with Kai and Carter Read More »

Elon Musk’s nearly half a billion dollars in midterms spending was a flop

The tech billionaire set spending record as he poured $446m into campaigns for failed Republican candidatesElon Musk set a record for election spending this year after pouring nearly half a billion dollars into backing Republicans in the US midterm elections. It turned out to be a poor investment.The SpaceX and Tesla CEO contributed at least

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How you (yes you) can fight dark money in elections | Judd Legum

Corporations and tech moguls have spent billions to push provocative – and often inaccurate – political ads for far too longWelcome back to How We Win, a Guardian opinion series with leading thinkers, offering bold ideas for America’s political future. Last week, Katie Phang argued that the Epstein files are a midterms sledgehammer. Today’s edition

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The staggering $446m Elon Musk has spent on the US midterms – visualized

The tech mogul’s midterm donations backing Republicans have made him the largest single-cycle political donor in modern US historyElon Musk has poured so much money into US politics this midterms election cycle that his donations could fund half a dozen SpaceX rocket launches or buy thousands of Tesla Cybertrucks. At the Tesla Diner in Los

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The ultra-rich are spending one million dollars a day fighting California’s proposed billionaire tax

Tech billionaires have raised more than $340m to defeat Prop 40, a one-time 5% wealth tax that will fund healthcare and educationTech billionaires have been dumping hundreds of millions of dollars into the fight against a wealth tax in California. They’ve raised more than $340m, and the campaign they’re funding is spending more than $1m

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New campaign disclosures reveal how much American political campaigns spend on AI tools

Though politicians are quiet about how they use AI, the book Rewiring Democracy examines how AI is starting to influence American politics New campaign finance disclosure data shines a light on which US political campaigns are using AI tools and how much they are spending on them.Candidates’, parties’, and committees’ spending reveals that AI is

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Why are progressives winning across the United States? It’s not complicated | Bernie Sanders

Poll after poll shows the same thing. The American people know that the current economic system is riggedThe media pundits have written article after article desperately trying to understand why progressive candidates, despite being heavily outspent, keep defeating establishment Democrats in primaries around the country. Well, the answer is not complicated.Whether it is a corrupt

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The Guardian view on AI money in US politics: not the way to hold an urgent democratic debate | Editorial

Amid public concern over the impact of new technology, Silicon Valley’s use of its wealth to influence specific election races is an unwelcome developmentAs the huge societal ramifications of artificial intelligence have become clear, some of the tech industry’s most senior figures have taken to writing thinkpieces on what comes next. The latest to do

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AI companies know they have an image problem. Will funding policy papers and thinktanks dig them out?

The aggressive effort by major players aims to reshape the narrative as polls show increasing public disapproval of AIOpenAI made a surprise announcement this week – not an update to ChatGPT or another multibillion-dollar datacenter – but a policy paper that called for a reimagining of the social contract based around “a slate of people-first

AI companies know they have an image problem. Will funding policy papers and thinktanks dig them out? Read More »