Nvidia Launches PAC to Boost Washington Influence
Nvidia Starts Pac as AI Chip Maker Builds DC Influence Force
Nvidia has created a political action committee to fund federal candidates, marking its latest move to build a powerful lobbying presence in Washington. As lawmakers and the Trump administration debate AI regulation and midterm elections approach, the world's most valuable company—worth over $5 trillion—is expanding its political footprint to shape policy affecting its AI chip business.
Nvidia Corp. launched a political action committee Thursday to dole out donations to federal candidates, the company’s latest move to build a high-powered influence apparatus in Washington.
- spicyusername
Is the problem here NVIDIA or is the problem that our government doesn't function unless there's a pac funneling money into decision-making?
Hardly surprising to see a company with strategic interests strategically try to achieve them.
A business exists to make money, and if pulling policy levers is required to make money, you'll see them try to pull the levers.
Reverse Citizens United and you solve these kind of problems at the source.
- bigcat12345678
I treat this as a sign of the inevitable terminal phase of any private cooperation in US: they start to invest their resources to stretch into areas that are irrelevant to their core mission, but they have to, because their core mission is accomplished already, and their business, which is built on top of the fruits of their core mission, needs protection beyond direct means relevant to their core mission.
When pursing a core mission, many corps fail, either because lack of resources, or mission itself is not meaningful, execution failure, etc.; the fortunate few, might be in growth, while their mission keeps self-reinforce into bigger and bigger scope, that's the wonderful time of growth driven by meaningful mission.
When the core mission is done. The corp resets.
Vast majority of them make profit that is small enough that the normal corporate logic prevail, and they behave normally, primarily to survive.
Extremely rarely, when the core mission is so meaningful, the corp reaps so large a profit, and so many stakeholders are attracted, that they no longer focus on core mission, they start to focus on profit.
That's why NVDA is now buying assets across the whole stack of AI, while still increase price to maintain its profit. NVDA wants to maximize profit.
The inherent flaw is that private corp in US system, has no meaningful end game when they are in this state of astronomical profit.
- cs702
"There are two things that are important in politics. The first is money and I can't remember what the second one is." - Mark Hanna
Mark Hanna was a political consultant in the late 1800's, in the US.
Source: https://quote.org/quote/there-are-two-things-that-are-import...
- lapkaaaa
we live in cyberpunk without all of the cool stuff
- manyatoms
How did they not already have one before? Surely every big company does this?