financetom
Business
financetom
/
Business
/
Meta to launch California super-PAC backing pro-AI candidates
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Meta to launch California super-PAC backing pro-AI candidates
Aug 26, 2025 11:53 AM

Aug 26 (Reuters) - Meta said on Tuesday it will

launch a California-focused political action committee to back

state-level candidates favoring lighter regulation of

technology, particularly artificial intelligence.

The group, named Mobilizing Economic Transformation Across

California - a super-PAC, will support candidates for state

offices from either party who advocate AI innovation over

stringent rules.

The Facebook and Instagram parent plans to spend tens of

millions of dollars through the PAC, potentially positioning the

company among the state's top political spenders ahead of the

2026 governor race.

California will elect its next governor in November 2026.

Governor Gavin Newsom's national profile has surged amid a

series of confrontations with President Donald Trump,

positioning him as a high-visibility Democratic figure.

The office of the California governor did not immediately

respond to a Reuters request for comment.

Meta's move to back candidates who favor AI-friendly

policies aligns with its business interests, as the social media

company is pouring billions to better compete in Silicon

Valley's intensifying AI race and develop new cash flows.

"Sacramento's regulatory environment could stifle

innovation, block AI progress, and put California's technology

leadership at risk," said Brian Rice, Meta vice president of

public policy.

California has been among the most aggressive states in

pursuing AI and social media regulation and state officials will

shape rules on safety, transparency and consumer protection that

could impact tech companies' products.

Rice will head the PAC alongside fellow public policy VP

Greg Maurer as principal officers, according to a company

spokesperson.

Companies such as Uber ( UBER ) and Airbnb ( ABNB ) have

used such campaign-focused, multi-million dollar strategies to

build clout in Sacramento, according to Politico, which first

reported the development.

Venture-capital firm Andreessen Horowitz and OpenAI

President Greg Brockman are among those helping launch and fund

Leading the Future, a new super-PAC network focused on AI, the

Wall Street Journal reported on Monday.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Renault still open to supply technology to rivals to make cars cheaper, CEO says
Renault still open to supply technology to rivals to make cars cheaper, CEO says
May 26, 2025
MILAN (Reuters) -French automaker Renault is willing to supply technology to other carmakers to help increase the total output of vehicles with shared features that make them cheaper to manufacture, CEO Luca De Meo said on Tuesday. De Meo, an Italian national, told a parliamentary hearing in Rome that Renault was not discouraged by its recent failed attempt to cooperate...
WELL Health Signs Automatic Share Purchase Plan for Normal Course Issuer Bid
WELL Health Signs Automatic Share Purchase Plan for Normal Course Issuer Bid
May 26, 2025
08:39 AM EDT, 05/20/2025 (MT Newswires) -- WELL Health Technologies ( WHTCF ) , a digital health company, said Tuesday it entered into an automatic share purchase plan with a broker in order to facilitate repurchases of the company's common shares under its previously announced normal course issuer bid. WELL previously said received TSX approval to purchase up to 6,326,417...
Cognyte Signs Over $10 Million Annual 3-Year Subscription Deal With National Security Agency
Cognyte Signs Over $10 Million Annual 3-Year Subscription Deal With National Security Agency
May 26, 2025
08:41 AM EDT, 05/20/2025 (MT Newswires) -- Cognyte Software ( CGNT ) said Tuesday it entered a new three-year agreement worth more than $10 million annually to provide a national security customer in Europe, the Middle East and Africa region access to the company's latest artificial intelligence-powered capabilities. The company said the deal will strengthen the agency's ability to handle...
Google agrees $36 million fine for anti-competitive deals with Australia telcos
Google agrees $36 million fine for anti-competitive deals with Australia telcos
Aug 17, 2025
SYDNEY, Aug 18 (Reuters) - Google agreed on Monday to pay a A$55 million ($35.8 million) fine in Australia after the consumer watchdog found it had hurt competition by paying the country's two largest telcos to pre-install its search application on Android phones, excluding rival search engines. The fine extends a bumpy period for the Alphabet-owned internet giant in Australia,...
Copyright 2023-2026 - www.financetom.com All Rights Reserved