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Globe/AP say Microsoft, rivals see AI lobbying heat up

2024-09-09 09:15 ET - In the News

See In the News (C-MSFT) Microsoft CDR (CAD Hedged)

The Globe and Mail reports in its Monday, Sept. 9, edition that the artificial intelligence industry has gone on a lobbying binge in the past few years, using scores of hired influencers to help shape potential government action. An Associated Press dispatch to The Globe reports that as AI evolves, lawmakers are leaning on the lobbyists' expertise because think tanks, non-profit groups and academia are struggling to keep up with the minute-by-minute technological changes. In a study by Open-Secrets, a watchdog that tracks money in politics, it was found that the number of organizations lobbying on AI increased to 460 in 2023, which was over a 190-per-cent increase from 2022. The number of organizations grew slightly to 462 in 2024. These organizations represent some of the top corporations and trade organizations involved in the AI industry, including business networks such as the Chamber of Commerce and the Business Roundtable, as well as corporations like Microsoft, Intuit and Amazon. The growth in lobbying can be attributed to the fact that AI has an impact on many different areas of life, including healthcare, education, national security and the risks associated with disinformation.

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