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Leading the Future
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Leading the Future

AI industry super PAC opposing federal AI regulation; spent over $100m in the 2026 midterms.

Leading the Future targeted regulation-minded candidates in California and Montana primaries on 2 June 2026, part of a $100m-plus midterm commitment that took combined AI industry PAC spending to $150m.

Last refreshed: 28 July 2026 · Appears in 1 active topic

Key Question

How is the AI industry spending $150m on elections without mentioning AI once?

Timeline for Leading the Future

#13 12 Jun

Washington pulls a live AI model

AI: Jobs, Power & Money
#12 2 Jun

Spent against regulation-minded candidates in 2 June California and Montana primaries

AI: Jobs, Power & Money: AI super PACs spend $150m on primaries
#6 14 Apr
#6 14 Apr

Raised $125M+ specifically to defeat pro-regulation candidates in both parties

AI: Jobs, Power & Money: AI industry raises $125M v. regulators
View full timeline →

Background

Leading the Future is an AI industry super PAC opposing federal AI regulation, backed by OpenAI co-founder Greg Brockman, venture firm Andreessen Horowitz, and investor Joe Lonsdale. In the 2 June 2026 primaries it spent against regulation-minded candidates in California and Montana congressional races, and has committed over $100 million to the 2026 midterm cycle with the Louisiana runoff (27 June) next in its sights . Combined with the rival Public First Action PAC (backed by Anthropic at ~$50 million and favouring regulation), total AI industry PAC spending has reached $150 million, the largest organised AI industry electoral effort in US history.

The PAC funds congressional candidates by running advertising on healthcare, immigration, and jobs that makes no reference to artificial intelligence, effectively disguising its agenda from voters. Its first significant disclosure came via FEC filings from the 2026 midterm cycle, when the Campaign Legal Center flagged both PACs' advertising practices for opacity. The structure reflects the industry's assessment that AI regulation is not yet a voter-mobilising issue, while the goal is to install members of Congress likely to block federal AI oversight before the technology matures further .

Leading the Future's existence reflects a genuine policy split within the technology sector. Its backers argue voluntary self-regulation better serves AI companies than federal legislation; Anthropic's counter-PAC takes the opposite view. The two organisations are proxies for a deeper industry disagreement over whether permissive or regulated development is the safer long-term posture.

Key Issues
AI election spending

Its ads never mention AI at all

Leading the Future, backed by OpenAI co-founder Greg Brockman, Andreessen Horowitz and Joe Lonsdale, raised over $125m to defeat pro-regulation candidates ahead of the 2026 US midterms, targeting primary elections and workforce-disclosure bills rather than operational AI restrictions .

It put that money to work on 2 June against regulation-minded candidates in California and Montana congressional primaries, running advertising on healthcare and jobs that never mentions artificial intelligence, a tactic that echoes the 1994 insurance-industry campaign that defeated the Clinton health plan; combined with the rival, Anthropic-backed Public First Action, total AI industry PAC spending in the cycle reached $150m .

Common Questions
How much has the AI industry spent on the 2026 midterms?
Combined AI industry PAC spending reached $150 million by June 2026, split between Leading the Future ($100m+, anti-regulation) and Public First Action (~$50m, pro-regulation).Source: FEC filings
What is the difference between Leading the Future and Public First Action?
Leading the Future (backed by Brockman and a16z) opposes AI regulation; Public First Action (backed by Anthropic with ~$50m) favours it. Both run issue-neutral advertising in the same 2026 congressional races.Source: Lowdown reporting
What races is the Leading the Future PAC targeting in 2026?
It targeted California and Montana congressional races in the 2 June 2026 primaries, spending against pro-regulation candidates. The 27 June Louisiana runoff is its next scheduled target.Source: Lowdown reporting
Who funds the Leading the Future PAC?
Leading the Future is backed by OpenAI co-founder Greg Brockman, venture firm Andreessen Horowitz, and investor Joe Lonsdale. It has committed over $100 million to the 2026 midterm cycle.Source: FEC filings / Lowdown
Why does the Leading the Future PAC not mention AI in its ads?
The PAC assesses AI regulation is not a voter-mobilising issue; running ADS on healthcare, immigration, and jobs reaches more persuadable voters while concealing the AI industry's stake in the candidates being backed.Source: Campaign Legal Center / FEC