Ripple Labs investor and exec Chris Larsen plans to spend $3.5M to help Alex Bores, a NY congressional candidate at the center of a proxy war over AI regulation (New York Times)
Chris Larsen, an investor and executive at Ripple Labs, plans to spend $3.5 million to support Alex Bores, a New York congressional candidate. Bores is seen as a key figure in a broader political struggle over the future of AI regulation. The funding highlights growing influence of tech figures in shaping policy through political contributions.
- ▪Chris Larsen is an investor and executive at Ripple Labs.
- ▪He intends to spend $3.5 million to support Alex Bores, a candidate for Congress in New York.
- ▪Alex Bores is at the center of a political battle concerning AI regulation.
- ▪The move underscores the increasing involvement of tech leaders in political campaigns.
- ▪The spending reflects a strategic effort to influence regulatory outcomes in the tech sector.
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