businessSource: CNBCPublished
AI Firms Boost Lobbying Spending Amid Anticipated IPOs
business · CNBCOpenAI and Anthropic significantly increased their federal lobbying spending in the second quarter, outpacing some established tech companies. The AI firms lobbied on various issues, including cybersecurity and defense procurement. This surge in spending is seen as a strategic move ahead of their highly anticipated initial public offerings.
At a glance
- OpenAI and Anthropic spent a combined $3.17 million on federal lobbying in the second quarter.
- The AI firms lobbied on issues like cybersecurity, copyright, and defense procurement.
- Established tech companies still spend more overall, but AI firms are narrowing the gap.