"Early AI Investor's Non-Profit Emerges as Top Donor to Pro-Biden Dark-Money Group"

1 min read
Source: CNN
"Early AI Investor's Non-Profit Emerges as Top Donor to Pro-Biden Dark-Money Group"
Photo: CNN
TL;DR Summary

A husband-and-wife duo with ties to AI investments and cryptocurrency trading have emerged as major backers of the dark-money group supporting President Joe Biden, with their non-profit, BEMC 4 Association, donating $7.2 million to Future Forward USA Action in 2022. Future Forward, a Super PAC, has become a key supporter of the Biden-Harris agenda and 2024 efforts, raising a combined $208 million in 2023. The couple, who work at Jane Street, have also quietly increased their political spending, supporting various Democratic Party groups and candidates. The influence of dark money in politics has been criticized by Biden, despite benefiting from such groups, and the trend is set to continue with Future Forward planning the largest ever political advertising campaign by a Super PAC in 2024.

Share this article

Reading Insights

Total Reads

0

Unique Readers

0

Time Saved

5 min

vs 6 min read

Condensed

89%

1,119125 words

Want the full story? Read the original article

Read on CNN