Meta to set up a California super PAC with focus on AI - Politico

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Meta Platforms (NASDAQ:META [https://seekingalpha.com/symbol/META]) is preparing to pour tens of millions of dollars into a new California political action committee to back candidates with a friendlier approach to tech regulation, especially AI, according to a report by _Politico_ on Tuesday.

The report said the tech giant plans to launch Mobilizing Economic Transformation Across (Meta) California, a super PAC that will support candidates for state offices regardless of party who favor AI innovation over stringent regulation.

"Sacramento’s regulatory environment could stifle innovation, block AI progress, and put California’s technology leadership at risk. This is why we are launching a California super PAC," Meta's Vice President of Public Policy Brian Rice reportedly said.

Rice is slated to head the PAC alongside fellow policy executive Greg Maurer, according to the report.

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