Maria CuriAdd Axios as your preferred source tosee more of our stories on Google.Illustration: Aïda Amer/AxiosPro-AI super PAC Leading the Future has raised more than $125 million to try to shape the 2026 midterms and the future of federal AI regulation.Why it matters: States are racing ahead with regulating AI, while companies are looking to Washington to set a single, industry-friendly federal standard.By the numbers: The super PAC has more than $70 million cash-on-hand, according to a news release shared first with Axios. More support from industry leaders will be announced throughout the 2026 election cycle.OpenAI president and co-founder Greg Brockman, 8VC founder and managing partner Joe Lonsdale, and Andreessen Horowitz contributed to the fund.SV Angel founder and managing partner Ron Conway and AI startup Perplexity also donated to the super PAC.The $125 million total includes a $100 million haul announced at the group's launch last August.Leading the Future and its network of organizations said it will support candidates in federal races who advocate for "a responsible national framework" and oppose candidates who undermine that goal. At the state level, the super PAC said it will support candidates who oppose a patchwork of state regulation.Funding will also go to Build American AI, an associated organization that focuses on ads for the industry's legislative agenda. American Mission PAC and Think Big PAC, other offshoots of Leading the Future, have $5 million and $5.4 million cash-on-hand, respectively. The bottom line: The tech industry is loaded and ready to influence elections.