Crypto and AI super PACs spent $250M in 2026 midterms, but lost 9/12 competitive races called so far, spending $74.7M on losing candidates and $28.3M on winners
citationneeded.news via Techmeme
Crypto and AI companies spent $250 million in the midterms in hopes of picking the lawmakers who will decide how — or whether — their industries will be regulated.
A short brief from Techmeme’s public feed, in the source language. The full original article has not been read.
More from Techmeme
Sources: Apple cut some engineers' daily AI spending cap to $200 from $300 and plans cuts to as little as $100, as cost cutting stokes staff fears of layoffs
Techmeme 1 h ago
Filing: AMD will pay ~$2.9B in cash and stock for AI chip startup Taalas, with $1.4B dependent on unspecified conditions; the deal was announced in August
Techmeme 2 h ago
Meta acquires Conductor, which lets developers run multiple AI coding agents in parallel; CEO Charlie Holtz says the team will join Meta Superintelligence Labs
Techmeme 2 h ago
Shares of US tech giants jump after Democrats' midterm sweep as investors bet that a Democrat-controlled Congress will slow AI capex that's draining cash flow
Techmeme 3 h ago