Close Menu
fintechbits
  • News
  • AI
  • Acquisitions
  • Trends
  • Insights
  • Rumors
  • Startups
  • finjobsly

Subscribe to Updates

Get the latest news from Fintechbits.

Trending Now

Fintech startup Skydo receives final approval from RBI for international payments

January 9, 2026

Key AI Regulatory Compliance Challenges for Financial Institutions in 2026

January 9, 2026

Broadridge Acquires Stake in DeepSee, a Utah-Based AI Startup Focusing on Automated Agents for Financial Services.

January 8, 2026

Fintech investments rise, Nitro secures $5 million, and India explores the future of semiconductor technology.

January 8, 2026
Facebook X (Twitter) Instagram
Trending
  • Fintech startup Skydo receives final approval from RBI for international payments
  • Key AI Regulatory Compliance Challenges for Financial Institutions in 2026
  • Broadridge Acquires Stake in DeepSee, a Utah-Based AI Startup Focusing on Automated Agents for Financial Services.
  • Fintech investments rise, Nitro secures $5 million, and India explores the future of semiconductor technology.
  • The impact of AI on financial trading and investment approaches.
  • The impact of generative AI on the financial sector in 2026
  • Trends in Emerging Fintech Technologies Emphasize Wealth Management
  • Understanding Fintech: Its Importance and Career Opportunities
Facebook X (Twitter) Instagram Pinterest Vimeo
fintechbits
  • News

    Fintech Titan or Overhyped Relic?

    January 7, 2026

    PayPal joins other fintech companies benefiting from Trump-era deregulation.

    December 16, 2025

    Zilch, the fintech unicorn, secures payment license from city regulator.

    December 10, 2025

    MobileMoney Fintech Reorganizes; Shareholders Endorse Merger and Waiver at Extraordinary General Meeting

    December 1, 2025

    Axis CRE Fund and Tishman Speyer launch Chennai FinTech City

    November 28, 2025
  • AI

    Broadridge Acquires Stake in DeepSee, a Utah-Based AI Startup Focusing on Automated Agents for Financial Services.

    January 8, 2026

    The impact of AI on financial trading and investment approaches.

    January 8, 2026

    The impact of generative AI on the financial sector in 2026

    January 8, 2026

    Financial leaders view 2026 as a pivotal year for AI advancement.

    January 8, 2026

    The impact of AI on financial trading and investment approaches

    January 7, 2026
  • Acquisitions

    Flutterwave acquires Nigerian Mono in a unique exit for African fintech.

    January 6, 2026

    MergersandAcquisitions.net publishes a comprehensive report on trends and analyses in financial services and fintech mergers and acquisitions.

    December 23, 2025

    Teybridge Capital Europe finalizes strategic purchase of London-based fintech company Atom CTO

    November 18, 2025

    Highlights from Santa Cruz County business: local fintech firm’s recent acquisition; startup showcases a surf helmet on Shark Tank

    November 12, 2025

    Ripple Becomes a Comprehensive Fintech Hub Following Hidden Road Acquisition, Reports TradingView News

    November 11, 2025
  • Trends

    Trends in Emerging Fintech Technologies Emphasize Wealth Management

    January 8, 2026

    GCC Fintech Landscape: Embracing Open Banking, Nurturing Startups, and Investment Patterns

    January 7, 2026

    eLEND Solutions Introduces Fintech Platform to Simplify Financing and Credit for Dealerships – Pete MacInnis

    January 6, 2026

    Saudi Arabian fintech sector projected to grow to $4.8 billion by 2034

    December 22, 2025

    Swiss Fintech Market 2025 – Key Regions and Recent Updates

    December 15, 2025
  • Insights

    Wealthfront aims for a valuation of as much as $2.05 billion in its U.S. IPO, according to CTV News.

    January 7, 2026

    New UNF collaboration seeks to promote fintech innovation – Action News Jax

    December 27, 2025

    Recent fintech software failures spark industry-wide discussion on system resilience.

    December 22, 2025

    MobileMoney Ltd recognizes leading FinTech partners and industry figures at the 2025 FinTech Stakeholder Dinner and Awards.

    December 11, 2025

    MobileMoney Fintech undergoes restructuring as shareholders consent to merger and waiver during EGM

    December 2, 2025
  • Rumors

    Revolut plans to acquire the Turkish bank FUPS to expand into a new market.

    January 7, 2026

    The Impact of Banks and Money Trends: Facts vs. Myths

    January 4, 2026

    Examination of Reality at $0.23 as GCV Excitement is Exposed as False

    December 15, 2025

    This week’s rumors focus on major breweries, robotics, and multi-million dollar auctions.

    November 22, 2025

    Speculations about Ubisoft acquisition following profit announcement delay

    November 18, 2025
  • Startups

    Fintech startup Skydo receives final approval from RBI for international payments

    January 9, 2026

    Fintech investments rise, Nitro secures $5 million, and India explores the future of semiconductor technology.

    January 8, 2026

    Promising Canadian Fintech Startups to Keep an Eye on in 2026

    January 7, 2026

    Flutterwave Purchases Nigerian Open Banking Company Mono – A Strategic Step Towards Tokenized Financial Systems – BitKE

    January 6, 2026

    Flutterwave, Africa’s Leading Fintech, Purchases Nigerian Open Banking Startup in $40 Million Agreement

    January 6, 2026
  • finjobsly
fintechbits
Home » AI Industry Uses Light Pressure to Educate Congress on Business Perspective
AI in Finance

AI Industry Uses Light Pressure to Educate Congress on Business Perspective

5 Mins Read
Facebook Twitter Pinterest Telegram LinkedIn Tumblr Email Reddit
8268632d19a6a5c246b6eab8bc8a0e3a.jpeg
Share
Facebook Twitter LinkedIn Pinterest Email Copy Link

WASHINGTON (AP) — The artificial intelligence The industry has been on a lobbying spree in recent years, deploying dozens of hired influencers to help shape potential government action.

This growth is not surprising. The technology is being rapidly adopted by powerful industries – healthcare, defense, financial services – all hoping to have a say in any future regulations.

As AI evolves at a rapid pace, lawmakers are relying on the expertise of lobbyists as think tanks, nonprofit groups and academia struggle to keep up with minute-to-minute technological changes.

Relying on PowerPoint slides and briefing papers, AI industry lobbyists spend a lot of time with lawmakers and staffers, advising them on the ins and outs of the technology.

The campaign has been a success, according to lawmakers and lobbyists who point to the lack of movement on any legislation to regulate AI, one of the most complex and vexing policy issues facing the federal government.

What’s happening?

Washington lobbyists have been rushing to recruit clients interested in AI, a sign that the technology is growing and that Congress is struggling to figure out how best to regulate the sector.

According to a study by Open Secretsa watchdog that monitors money in politics, the number of organizations lobbying on AI has climbed to 460 in 2023, an increase of more than 190% from 2022. The number of organizations has increased slightly to 462 in 2024. The groups behind these lobbyists include the main companies or commercial organizations behind the AI ​​boomfrom business networks such as the Chamber of Commerce or the Business Roundtable to companies such as Microsoft, Intuit and Amazon.

One of the main reasons for this growth is that AI touches many different aspects of life, from healthcare and education to national security and the risks of disinformation.

AI companies seek to stifle EU-style regulation

The main goal of most of these lobbyists is to convince Washington that fears around AI are exaggerated and that the United States does not need to follow the European Union, which adopted a first-of-its-kind regulation earlier this year with the law on artificial intelligence.

“The recurring theme is that we should not do what the EU did. The most common phrase is: ‘The EU is a regulatory superpower,’” said Rep. Don Beyer. Virginia Democrat focuses on AI“I have yet to hear anyone defend the EU.”

Congress has so far taken a cautious stance on artificial intelligence. The legislation is unlikely to pass either chamber before the November elections, something some lawmakers say is necessary because of the way AI, using complex computer technology, can create credible but falsified images, sounds and videos, leading voters to question what they see and hear and undermining confidence in elections.

How do they do it?

AI lobbyists spend a lot of time simply explaining how the technology works.

As these lobbyists continue to hold events in the capital and fill campaign accounts with money, they are focusing on educating members of Congress, presenting themselves as a resource for information on the evolving industry.

“When it comes to AI, we’re pushing on an open door” in Congress, said Craig Albright, a top lobbyist and senior vice president at The Software Alliancea trade group whose members include Microsoft, OpenAI and IBM. “They want to be educated.”

Albright called the work “the main thing we do.”

Varun Krovi, a tech lobbyist, said such educational campaigns are effective because they create a level of rapport and trust between lobbyists and lawmakers.

“It’s a powerful way to build and solidify your relationship with these members and staff because you’re not asking them to support Bill X or oppose Bill Y,” said Krovi, manager of government relations and public policy at the Center for AI Safety Action Fund.

“You actually step back and say we’re here to answer all your technical questions and you need to listen to us. That’s incredibly powerful,” Krovi said.

One reason for this power, skeptics of AI regulation say, is that outside entities, such as universities and nonprofits, can’t keep up with the AI ​​companies and trade associations that influence Congress. Members of Congress are more willing to listen to representatives of well-known tech companies than to more impartial experts, academics say.

Where are the think tanks and academia?

At this point, Congress is hearing mostly from industry-related lobbyists, lobbyists and academics say. Universities and nonprofits, which provide unbiased research and analysis on issues ranging from AI deployment to the threat it poses to society, can’t keep up with the technology’s developments. The most cutting-edge work is being generated by for-profit companies, which can afford the best equipment and researchers.

“It’s very difficult for academia to counteract this massive level of lobbying,” said Max Tegmark, a research professor of artificial intelligence at the Massachusetts Institute of Technology. “It’s a bit like trying to explain something to someone else in the front row of a heavy metal concert.”

MIT and other organizations have hosted meetings with members of Congress on the topic of AI. MIT hosted lawmakers in Boston and offered similar briefings in Washington over the past two years. Nonprofits have tried to do the same.

“We’re trying to keep up, but… academia is facing a huge challenge: access to computing resources. That’s one of the issues that industry is facing right now,” said Asu Ozdaglar, Head of the Department of Electrical Engineering and Computer Science at MIT. “We continue to improve, we do research… but to stay in the race, we need to have access to these resources.”

___

The Associated Press receives financial support from the Omidyar Network to support coverage of artificial intelligence and its impact on society. The AP is solely responsible for all content. standards to work with philanthropic organizations, a list of supporters and funded coverage areas at AP.org

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Broadridge Acquires Stake in DeepSee, a Utah-Based AI Startup Focusing on Automated Agents for Financial Services.

January 8, 2026

The impact of AI on financial trading and investment approaches.

January 8, 2026

The impact of generative AI on the financial sector in 2026

January 8, 2026
Leave A Reply Cancel Reply

Latest news

Fintech startup Skydo receives final approval from RBI for international payments

January 9, 2026

Key AI Regulatory Compliance Challenges for Financial Institutions in 2026

January 9, 2026

Broadridge Acquires Stake in DeepSee, a Utah-Based AI Startup Focusing on Automated Agents for Financial Services.

January 8, 2026
News
  • AI in Finance (1,985)
  • Breaking News (185)
  • Corporate Acquisitions (76)
  • Industry Trends (229)
  • Jobs Market News (327)
  • Market Insights (228)
  • Market Rumors (294)
  • Regulatory Updates (189)
  • Startup News (1,276)
  • Technology Innovations (200)
  • X Feed (1)
About US
About US

FintechBits is a blog delivering the latest news and insights in fintech, finance, and technology. We cover breaking news, market trends, innovations, and expert opinions to keep you informed about the future of finance

Facebook X (Twitter) Instagram Pinterest Reddit TikTok
News
  • AI in Finance (1,985)
  • Breaking News (185)
  • Corporate Acquisitions (76)
  • Industry Trends (229)
  • Jobs Market News (327)
  • Market Insights (228)
  • Market Rumors (294)
  • Regulatory Updates (189)
  • Startup News (1,276)
  • Technology Innovations (200)
  • X Feed (1)
Happening Now

November 28, 2024

“ Intentionally collaborative ”: how the Rotman school of U of T leads Innovation Fintech

February 6, 2025

‘1957 Ventures’ to Drive FinTech Innovation in Saudi Arabia

September 10, 2024
  • About FintechBits
  • Advertise With us
  • Contact us
  • Disclaimer
  • Privacy Policy
  • Terms and services
  • BUY OUR EBOOK GUIDE
© 2026 Designed by Fintechbits

Type above and press Enter to search. Press Esc to cancel.