"Midterm watch... The Wall Street Journal reported that Andreessen Horowitz and OpenAI's Greg Brockman are among those who've helped launch a new super PAC network, called Leading the Future. The focus, of course, is AI. Ultimately, this isn't a surprise-on one hand, the $100 million already mobilized to shape AI policy and regulation feels like a lot, but that number absolutely dwarfs the billions a16z manages and that OpenAI has raised."
"Tech earnings... There were quite a lot of them this week, from HP beating on strong demand for PCs to CrowdStrike topping expectations but seeing its stock drop on soft guidance for the year. The big-ticket event, of course, was Nvidia. The chip giant beat expectations on the top and bottom lines, but guidance was cautious and there were no China chip sales to speak of."
"(Recently, Nvidia and AMD struck a deal with the U.S. government to sell chips in China, giving the government 15% of that revenue in return. Nvidia says the deal has not been finalized.) My guess? We'll see some China chips sales soon from Nvidia, which could translate to billions in revenue. I just wonder how long it will stick, and how resilient the demand will be from China, a country adamant about controlling its own technological destiny."
A new super PAC named Leading the Future has attracted backing from Andreessen Horowitz and Greg Brockman and mobilized roughly $100 million to influence AI policy and regulation. The $100 million contrasts with the multibillion-dollar resources controlled by a16z and OpenAI's fundraising. Major technology companies reported earnings, including HP's PC demand strength and CrowdStrike's mixed results, while Nvidia beat expectations but offered cautious guidance and no current China chip sales. Nvidia and AMD reached a proposed deal involving U.S. government oversight and revenue sharing for China chip sales, though the deal was not finalized. Uncertainty remains about sustained Chinese demand and future AI-focused political advocacy in upcoming elections.
Read at Fortune
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