#andreessenhorowitz

The Atlantic | The AI Super PACs Trying to Influence the Midterms by Will Gottsegen AI generated summary, Read the full article for complete information. The article explains how AI‑focused super‑PACs are pouring tens of millions of dollars into the U.S. midterm elections to shape the future of AI regulation, echoing the cryptocurrency industry’s 2024 “Fairshake” playbook. Two rival groups have emerged: Leading the Future, co‑founded by Andreessen Horowitz and funded by OpenAI insiders, promotes a light‑touch, pro‑AI agenda and has raised over $140 million; and Public First Action, backed by Anthropic, backs candidates who prioritize AI safety and comprehensive regulation, receiving a $20 million donation earmarked for education rather than election activity. The clash between these factions is epitomized in New York’s 12th Congressional District, where pro‑regulation candidate Alex Bores—formerly of Palantir—faces a barrage of ads from Leading the Future while Public First Action spends to support him, with $26 million versus $18 million respectively backing opposing sides. The race is positioned as a “final exam” for AI‑linked political spending, set against a backdrop of widespread public distrust of AI, protests against data centers, and heightened debate over how the technology should be governed. Read more: https://www.theatlantic.com/newsletters/2026/06/ai-pac-elections-midterm-money/687676/?utm_source=feed #GregBrockman #AndreessenHorowitz #OpenAI #Anthropic #PublicFirst #AlexBores

qwant news | Mercury Raises $200M Series D Funding, at $5.2B Valuation AI generated summary, Read the full article for complete information. Mercury, a San Francisco‑based fintech that provides a financial operating system for startups, e‑commerce brands, and small businesses, announced a $200 million Series D round that values the company at $5.2 billion, bringing its total funding to roughly $700 million. The round was led by TCV with participation from Andreessen Horowitz, Coatue, CRV, Sapphire Ventures, Sequoia Capital, and Spark Capital, and the capital will be used to expand operations and further product development. While traditionally operating as a neobank through partnerships with FDIC‑insured banks, Mercury is moving toward a fully chartered national bank after receiving conditional OCC approval, offering services such as a high‑yield Treasury account with expanded FDIC insurance, fee‑free checking and savings, the IO credit card with 1.5% cash back, spend‑control tools, AI‑powered bill pay and invoicing, integrations with QuickBooks, Xero and NetSuite, venture‑debt financing, and an investor‑matching database. The platform now serves more than 300,000 customers, including companies like Supabase, ElevenLabs, Lovable, Linear, Phantom, and Tempo. Read more: https://www.finsmes.com/2026/05/mercury-raises-200m-series-d-funding-at-5-2b-valuation.html #Mercury #TCV #AndreessenHorowitz #SequoiaCapital #OCC