SBF’s Shadow: PAC Attacks NY Candidate Over FTX Ties

by Chief Editor

AI-Fueled Political Warfare: The New York Race That Signals a Troubling Trend

A heated congressional primary in New York’s 12th District is becoming a testing ground for a new era of political campaigning – one powered by significant tech and crypto money, and increasingly, by artificial intelligence. The race, to succeed Rep. Jerry Nadler, features Democratic contenders including Jack Schlossberg and George Conway, but it’s Alex Bores who’s currently facing the brunt of an aggressive attack from the Feel Big PAC.

From FTX to AI: The Shifting Sands of Political Funding

The Think Big PAC, funded by major tech and crypto donors, is attempting to link Bores to disgraced FTX CEO Sam Bankman-Fried, highlighting over $100,000 in past contributions. This tactic isn’t simply about past associations; it’s a signal of how quickly political funding is evolving. The PAC’s strategy demonstrates a willingness to weaponize past controversies – particularly those involving figures like Bankman-Fried, who was convicted on fraud charges related to the collapse of FTX – to discredit opponents.

This isn’t an isolated incident. A CoinDesk analysis revealed that 196 members of Congress received campaign support from Bankman-Fried or affiliated executives. However, Bores was one of only two state-level candidates in New York to receive such support, making him a particularly vulnerable target.

The AI Angle: Targeting Advocates for Regulation

What makes this campaign particularly noteworthy is the context of Bores’ recent legislative efforts. He has been a vocal proponent of artificial intelligence safety and accountability, introducing a bill aimed at imposing guardrails on advanced AI systems. Think Big PAC, which explicitly supports candidates aligned with pro-technology policies, appears to be retaliating against Bores for this stance.

This suggests a disturbing trend: those who advocate for regulating the tech industry may face increased financial opposition from industry-backed groups. The PAC’s previous spending in Ohio primaries further reinforces this pattern.

Beyond the Mailer: A Multi-Pronged Attack

The attack on Bores extends beyond the recent mailer. Think Big PAC has already invested hundreds of thousands of dollars in ads targeting the candidate, including earlier television and digital spots criticizing his past work at Palantir. Bores’ campaign responded with a cease-and-desist letter, alleging false and defamatory statements, but the PAC’s spending indicates a sustained effort to influence the election.

The Rise of AI-Powered PACs: What’s Next?

Think Big PAC’s actions highlight the growing influence of AI-focused political action committees. These groups are leveraging data analytics and targeted advertising to sway voters, and their financial backing allows them to amplify their message significantly. As AI technology continues to advance, we can expect to see even more sophisticated and personalized political campaigns.

The New York race serves as a warning sign. The willingness to dredge up past associations and aggressively target those who advocate for AI regulation suggests a potentially escalating conflict between the tech industry and policymakers. This could have far-reaching consequences for the future of AI governance.

Frequently Asked Questions

What is Think Big PAC?
Think Big PAC is a political action committee that supports candidates aligned with pro-technology policies and opposes those seen as hostile to innovation in artificial intelligence.

Who is Alex Bores?
Alex Bores is a first-term assemblymember representing parts of Manhattan and a candidate for New York’s 12th Congressional District.

What is the connection between Sam Bankman-Fried and Alex Bores?
Bores received over $100,000 in campaign contributions from Sam Bankman-Fried and affiliated executives during the 2022 election cycle.

Why is Think Big PAC targeting Bores?
Bores has introduced legislation focused on artificial intelligence safety and accountability, which appears to have made him a target of the pro-technology PAC.

What does this mean for the future of political campaigns?
This signals a trend of increased financial influence from tech and crypto interests in political campaigns, and the potential for AI-powered PACs to play a larger role in shaping election outcomes.

Did you know?
More than one-third of members of Congress received campaign support from Sam Bankman-Fried or affiliated executives during the 2022 election cycle.

Want to learn more about the evolving landscape of political funding and the impact of AI on elections? Explore our other articles on technology and politics and campaign finance reform.

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