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‘What Oligarchy Looks Like’: AI Giants Pledge to Pump $100 Million Into 2026 Midterms
The goal of the PAC is to elect a Congress that will prohibit individual states from passing their own AI regulations.
Feb 11, 2026
Silicon Valley elites are planning to spend big money in 2026 to ensure that the next US Congress will be even more friendly to the artificial intelligence industry than the current Republican-led version.
CNN reported on Wednesday that Leading the Future, a super political action committee (PAC) focused on electing AI-friendly members of Congress, is pledging to spend at least $100 million to influence the 2026 midterm election.
The PAC, which is backed by venture capital firm Andreessen Horowitz, Palantir co-founder Joe Lonsdale, and other AI heavyweights, is working to elect lawmakers who will pass legislation that will set a single set of AI regulations that will take effect throughout the US, overriding any restrictions placed on the technology by state governments.
The massive sum the PAC is dedicating to the 2026 midterms prompted Matthew Stoller, researcher at the American Economic Liberties Project, to remark that this is "what oligarchy looks like."
Sen. Ted Cruz (R-Texas) tried to get a provision preempting state AI regulations slipped into the GOP's major budget package last year, but it was ultimately taken out amid bipartisan resistance to giving the AI industry a blank regulatory check.
President Donald Trump subsequently signed an executive order instructing the US Department of Justice to create a task force that would sue any state governments that enact supposedly "onerous and excessive" regulations on the technology.
However, as an executive order, this directive can be overturned by any future president who supports stronger AI regulation.
CNN noted that Leading the Future's planned flood of cash is coming at a time when AI has been drawing skepticism from factions within both the Republican and Democratic parties.
Republican Florida Gov. Ron DeSantis, for instance, has thrown his support behind a "Citizen Bill of Rights for AI," which would provide privacy protections for end users and place restrictions on the construction of AI data centers.
Sen. Bernie Sanders (I-Vt.), meanwhile, has called for a full moratorium on the construction of new AI data centers.
Leading the Future also appears to understand that the AI industry's reputation is becoming toxic for voters.
As Fast Company reported on Wednesday, the super PAC has launched negative ads against Democratic New York US congressional candidate Alex Bores by highlighting his past work at Palantir, which has become controversial for providing technology used by US Immigration and Customs Enforcement (ICE) to carry out mass deportations.
Current and former Palantir employees told Fast Company that they believe the ad against Bores to be highly deceptive, as Palantir wasn't nearly as integrated with ICE operations during his tenure as it is today.
"If Bores’ campaign is one that would restrict the tech industry’s growth," one former Palantir employee told Fast Company, "and his base is one that is already primed to be critical of Palantir, people (like me!) who watch this ad wouldn’t suspect that it’s people with significant interests in Palantir and the broader industry that are funding the ads, too."
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Billionaire Palantir Co-Founder Pushes Return of Public Hangings as Part of 'Masculine Leadership' Initiative
"Immaturity masquerading as strength is the defining personal characteristic of our age," said one critic in response.
Dec 07, 2025
Venture capitalist Joe Lonsdale, a co-founder of data platform company Palantir, is calling for the return of public hangings as part of a broader push to restore what he describes as "masculine leadership" to the US.
In a statement posted on X Friday, Lonsdale said that he supported changing the so-called "three strikes" anti-crime law to ensure that anyone who is convicted of three violent crimes gets publicly executed, rather than simply sent to prison for life.
"If I’m in charge later, we won’t just have a three strikes law," he wrote. "We will quickly try and hang men after three violent crimes. And yes, we will do it in public to deter others."
Lonsdale then added that "our society needs balance," and said that "it's time to bring back masculine leadership to protect our most vulnerable."
Lonsdale's views on public hangings being necessary to restore "masculine leadership" drew swift criticism.
Gil Durán, a journalist who documents the increasingly authoritarian politics of Silicon Valley in his newsletter "The Nerd Reich," argued in a Saturday post that Lonsdale's call for public hangings showed that US tech elites are "entering a more dangerous and desperate phase of radicalization."
"For months, Peter Thiel guru Curtis Yarvin has been squawking about the need for more severe measures to cement Trump's authoritarian rule," Durán explained. "Peter Thiel is ranting about the Antichrist in a global tour. And now Lonsdale—a Thiel protégé—is fantasizing about a future in which he will have the power to unleash state violence at mass scale."
Taulby Edmondson, an adjunct professor of history, religion, and culture at Virginia Tech, wrote in a post on Bluesky that the rhetoric Lonsdale uses to justify the return of public hangings has even darker intonations than calls for state-backed violence.
"A point of nuance here: 'masculine leadership to protect our most vulnerable' is how lynch mobs are described, not state-sanctioned executions," he observed.
Theoretical physicist Sean Carroll argued that Lonsdale's remarks were symbolic of a kind of performative masculinity that has infected US culture.
"Immaturity masquerading as strength is the defining personal characteristic of our age," he wrote.
Tech entrepreneur Anil Dash warned Lonsdale that his call for public hangings could have unintended consequences for members of the Silicon Valley elite.
"Well, Joe, Mark Zuckerberg has sole control over Facebook, which directly enabled the Rohingya genocide," he wrote. "So let’s have the conversation."
And Columbia Journalism School professor Bill Grueskin noted that Lonsdale has been a major backer of the University of Austin, an unaccredited liberal arts college that has been pitched as an alternative to left-wing university education with the goal of preparing "thoughtful and ethical innovators, builders, leaders, public servants and citizens through open inquiry and civil discourse."
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Billionaire-Funded AI Super PAC Picks Leading Safety Advocate as First Target
"If they are scared of people who understand their business regulating their business, they are telling on themselves," New York State Assemblymember Alex Bores said.
Nov 17, 2025
A super political action committee aimed at taking down elected officials who want to regulate artificial intelligence has chosen its first target for destruction.
CNBC reports that the Leading the Future PAC is going after New York state Assemblymember Alex Bores, a Democrat who is currently running to represent New York's 12th Congressional District.
The PAC, which is backed by venture capital firm Andreessen Horowitz, Palantir cofounder Joe Lonsdale, and other AI heavyweights, has singled out Bores' cosponsorship of the AI-regulating RAISE Act as justification to end his political ambitions.
According to CNBC, the bill cosponsored by Bores would force large AI firms "to publish safety protocols for serious misuse... of their tech, such as creating biological weapons or carrying out other criminal activity," and also "to disclose serious incidents, or else face civil penalties from the state attorney general."
Leading the Future accused Bores of pushing though "ideological and politically motivated legislation" that would purportedly "handcuff" America's AI industry.
In promoting the legislation, which passed through both chambers of the New York state Legislature months ago but has not yet been signed by Democratic Gov. Kathy Hochul, Bores touted it as a "light-touch" regulation that would "require basic guardrails for AI safety.
Bores responded to news that he was being targeted by the pro-AI PAC with defiance, and he said it showed why his push to regulate the big AI firms was so important.
"The 'exact profile' they want to go after is someone with a Masters in Computer Science, two patents, and nearly a decade working in tech," he wrote in a post on X. "If they are scared of people who understand their business regulating their business, they are telling on themselves."
He then posted a link to his campaign's ActBlue page and noted the PAC's ties to supporters of President Donald Trump, writing, "If you don't want Trump megadonors writing all tech policy, contribute to help us push back."
Bores is part of a crowded field to succeed Rep. Jerry Nadler (D-NY), who announced his retirement in September.
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