The AI Political Action Committee spent approximately $72 million during this midterm election cycle, below the $170 million spent by the cryptocurrency industry.

on Nov. 4, that according to Eleanor Terrett, the AI industry emerged as a major political spender in this round of U.S. midterm elections, with related political action committees (PACs) contributing approximately $72 million, still trailing the roughly $170 million spent by the three largest crypto industry PACs. Both industries saw some political investments fail to achieve expected results, as AI-backed candidates Darline Graham, Mike Rogers, and Carlos For Texas all suffered defeats in the election.