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NY Assemblyman Alex Bores: The AI super PAC doesn't want there to be any regulation whatsoever

New York is 3,000 miles away from the tech hub of Silicon Valley, but in recent weeks, the state has inserted itself into the center of a fierce debate around artificial intelligence regulation. 

A bipartisan super PAC called “Leading the Future” announced last week that it will target Alex Bores, a Democratic congressional candidate who has openly championed AI safety legislation in New York by promoting the the Responsible AI Safety and Education (RAISE) Act. The bill would require large AI companies to publish safety and risk protocols and disclose serious safety incidents.

“They don’t want there to be any regulation whatsoever,” Bores told CNBC’s “Squawk Box” on Monday. “What they’re saying is the fact that you dared step up and push back on us at all means we need to bury you with millions and millions of dollars.” 

Leading the Future (LTF) launched in August with more than $100 million in funding, and aims to elevate “candidates who support a bold, forward-looking approach to AI,” according to a release. The group largely represents the view of the Trump administration, that federal AI laws should preempt regulations implemented by specific states, an effort mostly meant to undermine big blue states like California and New York.

The super PAC is backed by high-profile names in tech, including OpenAI President Greg Brockman, Palantir co-founder Joe Lonsdale, venture firm Andreessen Horowitz and AI startup Perplexity. 

“LTF and its affiliated organizations will oppose policies that stifle innovation, enable China to gain global AI superiority, or make it harder to bring AI’s benefits into the world, and those who support that agenda,” the group said in the release. 

Bores has served as a New York State Assembly member since 2023, and previously worked at several tech companies, including Palantir. He launched his congressional campaign for New York’s 12th district in October after sitting Democratic Rep. Jerry Nadler announced he would not run for reelection.

As an assemblyman, Bores co-sponsored the RAISE Act.

“I’m very bullish on the power of AI, I take the tech companies seriously for what they think this could do in the future,” Bores said on Monday. “But the same pathways that will allow it to potentially cure diseases [will] allow it to, say, build a bio weapon. And so you just want to be managing the risk of that potential.”

Assembly member Alex Bores speaks during a press conference on the Climate Change Superfund Act at Pier 17 on May 26, 2023 in New York City.

Michael M. Santiago | Getty Images

The RAISE Act passed in New York’s state assembly and senate in June. Democratic Gov. Kathy Hochul has until the start of the 2026 session to decide whether to sign it into law. 

On Nov. 17, LTF’s leaders Zac Moffatt and Josh Vlasto announced they plan to spend millions of dollars to try to sink Bores’ congressional bid. In a statement, they accused Bores of pushing “ideological and politically motivated legislation” that would “handcuff” the U.S. and its ability to lead in AI. 

The bill is “a clear example of the patchwork, uninformed, and bureaucratic state laws that would slow American progress and open the door for China to win the global race for AI leadership,” Moffatt and Vlasto told CNBC in a statement.

Moffatt has more than two decades of experience in digital and political strategy, while Vlasto previously served as press secretary to Sen. Chuck Schumer (D-NY) and chief of staff to former New York Governor Andrew Cuomo.

Politico was first to report LTF’s effort to target Bores.

Bores has capitalized on LTF’s announcement as a fundraising opportunity, urging voters to donate to his campaign if they “don’t want Trump mega-donors writing all tech policy,” he wrote in a post on X. 

“I am someone with a master’s in computer science, two patents, and nearly a decade working in tech,” Bores told CNBC in a statement last week. “If they are scared of people who understand their business regulating their business, they are telling on themselves.”

What is the RAISE Act?

The RAISE Act applies to any large AI company, like Google, Meta or OpenAI, that has spent more than $100 million in computational resources to train advanced models. 

It would require these companies to write, publish and follow safety and security protocols, and to update them as necessary. Violators could be subject to penalties of up to $30 million. 

The companies would also have to take steps to implement safeguards to prevent their models from engaging in “critical harm,” like assisting in the creation of chemical weapons or large-scale, automated criminal activities. “Critical harm” is defined in the bill as the death or serious injury of 100 people or at least $1 billion in damages. 

Under the RAISE Act, large AI companies would not be able to release models that would create “unreasonable risk of critical harm.” Bores said the bill’s opponents have pushed back fiercely on that part of the legislation. 

“That’s designed to basically avoid the problem we had with the tobacco companies, where they knew that cigarettes caused cancer but denied it publicly and continued to release their products,” he said.

The RAISE Act would also require AI companies to disclose notable safety incidents. If a model is stolen by a malicious actor, for instance, its developer would have to disclose that incident within 72 hours of learning about it. 

“We just saw two weeks ago, Anthropic talk about how China used their model to do a cyber attack on U.S. government institutions and our chemical manufacturing plants,” Bores said. “Shockingly, they didn’t have to disclose that. I think that should be law and be required for every major AI developer.”

Anthropic, an AI startup valued at around $350 billion after recent investments, published a blog post earlier this month detailing what it called “the first documented case of a large-scale cyberattack executed without substantial human intervention.” Anthropic said it believes the threat actor was a Chinese state-sponsored group.

Bores told Tech Brew that he drafted the initial version of the bill in August of 2024 and sent it to “all of the major developers” for feedback. He put together a second draft in December, and solicited another round of red lines. 

The RAISE Act was published in March, and amended in May and June. 

“I worked really closely with a lot of people in industry to get the details right,” Bores told Tech Brew.

U.S. President Donald Trump arrives on the South Lawn of the White House on November 22, 2025 in Washington, DC.

John Mcdonnell | Getty Images

LTF’s decision to target Bores over the RAISE Act is emblematic of a broader debate around whether AI should be regulated at the state or federal level in the U.S. 

Some lawmakers and tech executives have argued that a “patchwork” of state AI policies will hinder innovation and put the U.S. at risk of falling behind its adversaries like China. But others, including Bores, have said that the federal government moves too slowly to keep up with the rapid pace of AI development.

“What’s being debated right now is, should we stop the states from making any progress before the feds have solved the problem? Or should we actually work together to have the federal government solve the problem?” Bores said. 

Aside from New York, states including California, Colorado, Illinois and others have their own AI laws that are either already in effect or will be starting early next year. 

Last week, President Donald Trump advocated for a federal AI standard in a post on his social media site Truth Social. 

“Investment in AI is helping to make the U.S. Economy the ‘HOTTEST’ in the World, but overregulation by the States is threatening to undermine this Major Growth ‘Engine,'” Trump wrote. “We MUST have one Federal Standard instead of a patchwork of 50 State Regulatory Regimes. If we don’t, then China will easily catch us in the AI race.”

The White House also began drafting an executive order that would target state AI laws by ​​launching legal challenges and withholding federal funding, CNBC reported on Thursday. But a day later, the Trump administration put a hold on that effort, according to a report from Reuters.

The White House didn’t provide a comment for this story. 

Earlier this year, a proposed amendment to Trump’s “One Big Beautiful Bill Act” would have enacted a 10-year-long suspension on state-level AI laws. That provision ultimately failed and was not included in the legislation, but the Trump administration recently revitalized the effort. 

The White House is working to see if a moratorium on certain state AI laws could be included in one of the major must-pass bills that Congress is pursuing.

“What we’re seeing in AI is natural, states are stepping up and moving quickly,” Bores said. “We should eventually have a federal AI standard. I strongly agree with that.”

WATCH: AI industry-backed super PAC picks first target

AI industry-backed super PAC picks first target

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Sandisk joins S&P 500 following Western Digital spinoff, replacing Interpublic

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Sandisk joins S&P 500 following Western Digital spinoff, replacing Interpublic

Atmosphere at the Variety 2025 Power of Young Hollywood Party, Presented by SANDISK held at the Four Seasons Los Angeles at Beverly Hills on August 07, 2025 in Beverly Hills, California.

Michael Buckner | Variety | Getty Images

Shares of flash storage vendor Sandisk popped 7% in extended trading on Monday after the company was added to S&P 500.

Sandisk’s addition to the benchmark comes nine months after the company was spun out of Western Digital. Sandisk will replace marketing company Interpublic, which is being acquired by Omnicom, S&P Global said in a statement.

It’s the latest tech company to join the S&P 500, which gets an increasing amount of its value from internet, software and semiconductor businesses. AppLovin, Datadog, DoorDash and Robinhood became members of the index earlier this year.

Stocks tend to rally when they’re added to the benchmark as fund managers who track the S&P 500 need to buy shares to reflect the changes.

Western Digital bought Sandisk in 2016 for $15.6 billion. In February, Western Digital spun out its flash business as Sandisk, which now has a market cap of about $33 billion.

Sandisk sells fast storage drives for gaming PCs, digital cameras and security cameras, and is also trying to land deals with large-scale data center builders. Revenue in the latest quarter rose 23% to $2.31 billion. The company reported a 31% increase in exabytes sold.

Omnicom announced plans to acquire Interpublic in December, and on Monday said the deal received antitrust approval from the European Commission.

WATCH: WDC CEO: SanDisk deal great for shareholders

WDC CEO: SanDisk deal great for shareholders

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Allbirds, H&M and Zara use recycled yarns from this Virginia startup that’s backed by Patagonia

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Allbirds, H&M and Zara use recycled yarns from this Virginia startup that's backed by Patagonia

Olick's Clean Start: VA-based Circ invests in fashion recycling

Fast fashion is a major environmental offender, requiring massive water consumption, and producing high carbon emissions and pollution. It also leads to a surge in microplastic and textile waste.

One result has been a boom in thrifting. But recycling old clothing into new items presents a much bigger challenge.

The fashion industry accounts for anywhere from 4% to 10% of global greenhouse gas emissions, according to various sources, yet less than 1% of clothing is recycled into new garments. That’s because most fabrics today are blends and need to be broken down into their original fibers in order to be remade.

One Virginia-based startup is taking a shot at fixing the problem, with the aim of turning fashion into a circular economy.

Circ, founded in 2011, developed technology that separates polycotton material into its original components, and regenerates them into new, virgin quality materials. Previous attempts to do that have destroyed one fiber or the other.

“It’s a chemical process,” said Circ CEO Peter Majeranowski. “It’s very much like unbaking a cake, where we break down the polyester to its building blocks, separate it from the cotton and put them back into the very beginning of the supply chain to be remade into new clothes,”

Polyester and cotton make up about 77% of the global textile market. Circ’s hydrothermal technology can recycle each fiber, as well as any blend ratio of the two, known as polycotton blends.

“We work with material that can’t be thrifted, can’t be repaired or resold,” Majeranowski said. “It’s really heading to the landfill or incineration.”

Circ gets the old clothing from various sources, either purchased or donated. After breaking down the fibers, it then sells them back into the clothing supply chain to yarn spinners, dye houses and fabric manufacturers. Allbirds, Zara and H&M use Circ-recycled textiles in some of their products.

There’s a small price premium, but it’s an attractive option for environmentally minded brands like Patagonia, which is also an investor in Circ.

“To go after a really important feedstock, like cotton poly blend…is always at the top of the heap for our decision making,” said Matthew Dwyer, vice president of global product footprint at Patagonia.

As for the higher price, Dwyer said that’s to be expected with any innovation that needs to scale to a major market.

“For us, it’s not just about getting to market, it’s about ensuring that our partners are set up to scale from there, because there’s no use and there’s no business saving the planet if you’re just building concept cars,” he said.

Circ has raised a total of $100 million from Patagonia along with Temasek, Taranis, Marubeni, Inditex and Breakthrough Energy Ventures.

The startup is headquartered in Danville, Virginia which used to be home to the largest textile mill in the U.S. It’s now expanding globally, with its first industrial-sized textile-to-textile recycling plant in France.

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AI super PAC launches $10 million campaign pushing ‘uniform’ national policy

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AI super PAC launches  million campaign pushing 'uniform' national policy

NY Assemblyman Alex Bores: The AI super PAC doesn't want there to be any regulation whatsoever

A super PAC backed by the artificial intelligence industry on Monday launched a $10 million campaign to push Congress to craft a national AI policy that will override a patchwork of state laws, the group told CNBC.

The campaign from “Leading the Future,” which launched over the summer with more than $100 million in initial funding, signals how the booming industry plans to leverage its wealth and power in next year’s midterm elections.

“There is broad public demand for congressional action and a uniform national approach to AI,” said Nathan Leamer, executive director of “Build American AI,” the PAC’s advocacy arm. “We are excited to have created this platform for Americans excited about the future of AI, to engage their members of Congress and make a difference.”

The campaign will run TV, digital and social media ads, plus organize 10,000 calls to lawmakers’ offices this week alone, according to a memo about the campaign shared with CNBC.

President Donald Trump appears to be convinced already: He wrote on Truth Social last Tuesday that the U.S. “MUST have one Federal Standard instead of a patchwork of 50 State Regulatory Regimes.”

The same day, Leamer posted a picture of himself at the White House, saying he was there to discuss “the need for a national AI framework.”

The PAC’s mobilization comes as the White House and congressional Republicans are working to suppress states’ ability to implement their AI laws.

Several sources familiar with those ongoing discussions told CNBC that the plan is to insert language into one of the must-pass spending bills that Congress is expected to vote on in the next few months.

Meanwhile, a draft executive order that surfaced last week aims to preempt state AI laws by creating a new “AI Litigation Task Force” and threatening to withhold federal funding.

Trump, whose AI-friendly administration has sought to encourage the industry by lowering regulatory barriers, is expected to sign an executive order related to AI later Monday, a senior official told a White House pool reporter.

It is not clear whether that order is the same as, or similar to, the draft order circulating at the White House. The White House did not immediately respond to CNBC’s request for clarification. Trump is scheduled to sign an executive order in the Oval Office at 4 p.m. ET.

Leading the Future is backed by numerous AI industry leaders, including venture capital giant Andreessen HorowitzPalantir co-founder Joe Lonsdale, AI search-engine company Perplexity and SV Angel founder Ron Conway.

The PAC recently announced its first target of the 2026 midterms: New York Assemblymember Alex Bores, who is running in the crowded Democratic primary for the Manhattan seat held by retiring Rep. Jerry Nadler.

Bores co-sponsored the RAISE Act, which codifies safety protocols for the largest AI companies. The bill has passed the state legislature but has not yet been signed by Gov. Kathy Hochul, a Democrat.

“We should eventually have a federal AI standard. I strongly agree with that,” Bores said Monday morning on CNBC’s “Squawk Box.”

“But what is being debated right now is, should we stop the states from making any progress before the feds have solved the problem, or should we actually work together to have the federal government solve the problem?” Bores said.

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