A new super PAC backed by AI companies raised $125 million in 2025 to further its goal of backing candidates who support national AI regulations rather than state-by-state rules.

The group, Leading the Future, said it has $70 million on hand at the end of the year after forming last summer, according to an announcement ahead of the PAC filing its first campaign finance report.

Several states have either passed or are considering their own AI laws, setting up a patchwork of regulations that some in the AI industry warn will hamper progress in developing more advanced technology.

“Leadership in AI innovation will define economic growth, national security, and America’s role in the global economy, and lawmakers can’t afford to be distracted by demagoguery that would cause us to fall behind,” Zac Moffatt and Josh Vlasto, the two political strategists leading the PAC, said in a statement. “Candidates who grasp the stakes can expect us to help elevate that message.”

While the full filing showing all of the PAC’s expenses and donors has yet to be made public, the PAC has already jumped into the midterms. The group is opposing Alex Bores, a Democratic candidate for a Manhattan congressional seat who lead the push for New York’s recently adopted AI law. The group is also supporting Chris Gober, a Republican congressional candidate in Texas.

The PAC, which has said it would support both Democratic and Republican candidates, is also connected to advocacy group Build American AI, which launched a $10 million campaign to push a uniform national AI policy.

Contributors to Leading the Future include private equity firm Andreessen Horowitz, Open AI co-founder Greg Brockman, Palantir co-founder Joe Lonsdale, SV Angel Founder Ron Conway and AI software company Perplexity.