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Democratic presidential nominee, U.S. Vice President Kamala Harris and Republican presidential nominee former President Donald Trump Debate
Former President Donald Trump, reflected on a wall, and Vice President Kamala Harris (Demetrius Freeman/The Washington Post via Getty Images)
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Harris is far outspending Trump online

Trump’s focus is on Boomers and Gen X while Harris wants to win women of every age.

Rani Molla

Kamala Harris and Donald Trump speak to different Americans — and they’re advertising to different ones too.

So far, Harris has trounced Trump in digital spending. Her presidential campaign has doled out a total of roughly $100 million between Google ($55 million) and Meta ($44 million) from late July when she began her campaign through early September, according to data from the Wesleyan Media Project. That’s more than five times the $18 million Trump’s campaign has spent with those companies in that timeframe. While there’s certainly other digital advertising out there, Google and Meta account for the lion’s share.

The digital spending isn’t as much as the candidates are investing in TV — to put it in context, in just two weeks (August 26 to September 8) pro-Harris groups spent $64 million on TV ads and pro-Trump spent $57 million — but digital ads can target much more specific audiences. And where they target those ads reveals a lot about what each campaign is focusing on.

Trump’s Instagram and Facebook ads, for example, have a much higher rate of impressions (a measure of the first time people see each ad) by people aged 65 and older, according to data from Ravineo Media Research, which analyzed data from Meta’s Ad Library. Meanwhile Harris’s campaign spending, which includes expenditures under her and name and through Kamala HQ, is more evenly dispersed among age groups.

Harris meanwhile, seems to be gearing more of her campaign’s digital ad spending toward women. That was the case in each age bucket. Trump’s ad impressions by gender are more even overall, though the ads reached a higher share of older women and younger men.

Michael Franz, co-director of the Wesleyan Media Project, explained that while impressions likely reflect a campaign’s intended targets, it’s not exact as Meta’s algorithms also contribute to who sees what and when. Meta can tell demographics like age and gender based on what people have listed on their profiles and advertisers can select which criteria to target based on that.

Where they’re spending is different, too.

The highest share of ad impressions for Trump were in Texas, Pennsylvania, Florida California, and Georgia. The biggest portion of Harris’s ads, meanwhile, were seen in Michigan, Pennsylvania, Georgia, North Carolina and Wisconsin.

The reason for spending in battleground states is obvious, but candidates often advertising in bigger states where they’re guaranteed to win as a way to raise more cash.

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Jon Keegan

Anthropic donates $20 million to pro-AI regulation PAC

The war to build a better AI model may be mostly happening in Silicon Valley, but now another important front has opened: Washington, DC.

Anthropic announced a $20 million donation to Public First Action, a new super PAC that advocates for AI policies and regulations that prioritize public safety. The PAC describes itself as “a counterforce that will defend the public interest against those who aim to buy their way out of sensible rule-making.”

The move is seen as a counter to OpenAI’s growing investments in PACs that argue for less AI regulation.

OpenAI recently donated to Leading the Future PAC, which has received over $50 million from the family of OpenAI president and cofounder Greg Brockman, and the VC firm Andreessen Horowitz. The PAC says it is focused on “identifying, maintaining, and growing pro-AI candidates in order to support an AI innovation policy agenda at the state and federal level.”

OpenAI’s Brockman and his wife, Anna, recently donated a total of $25 million to the pro-Trump MAGA, INC. PAC.

OpenAI recently donated to Leading the Future PAC, which has received over $50 million from the family of OpenAI president and cofounder Greg Brockman, and the VC firm Andreessen Horowitz. The PAC says it is focused on “identifying, maintaining, and growing pro-AI candidates in order to support an AI innovation policy agenda at the state and federal level.”

OpenAI’s Brockman and his wife, Anna, recently donated a total of $25 million to the pro-Trump MAGA, INC. PAC.

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Looking into its Warner Bros. acquisition, the DOJ probes Netflix for anticompetitive tactics

As the Department of Justice probes Netflix’s proposed $83 billion acquisition of Warner Bros. Discovery, it has reportedly subpoenaed at least one other entertainment company to investigate whether the streamer has taken part in anticompetitive behavior.

Netflix said the DOJ is conducting a standard review and it expects its acquisition to be approved.

Per Wall Street Journal reporting, the DOJ is also seeking out information on how Paramount’s proposed acquisition could harm competition in the entertainment industry.

Netflix has argued that its acquisition of WBD would not be anticompetitive, as there is an 80% overlap in Netflix and HBO Max subscribers. The company has said it competes not just with streaming services but also with broader content platforms like YouTube and TikTok for attention. Netflix booked $45.2 billion in revenue in 2025, compared to YouTube’s $60 billion.

The streamer has repeatedly said it will stick to a 45-day theatrical release window for Warner Bros. films. Movie theater trade groups have pointed out that after theatrical release, many films move to premium video on-demand (PVOD), where they can be digitally rented or purchased for several more weeks or months before moving to streaming (subscription video on-demand, or SVOD). According to Cinema United, the average SVOD window for major theatrical films is 102 days, significantly longer than the potential 45-day window for Netflix.

Per Wall Street Journal reporting, the DOJ is also seeking out information on how Paramount’s proposed acquisition could harm competition in the entertainment industry.

Netflix has argued that its acquisition of WBD would not be anticompetitive, as there is an 80% overlap in Netflix and HBO Max subscribers. The company has said it competes not just with streaming services but also with broader content platforms like YouTube and TikTok for attention. Netflix booked $45.2 billion in revenue in 2025, compared to YouTube’s $60 billion.

The streamer has repeatedly said it will stick to a 45-day theatrical release window for Warner Bros. films. Movie theater trade groups have pointed out that after theatrical release, many films move to premium video on-demand (PVOD), where they can be digitally rented or purchased for several more weeks or months before moving to streaming (subscription video on-demand, or SVOD). According to Cinema United, the average SVOD window for major theatrical films is 102 days, significantly longer than the potential 45-day window for Netflix.

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Report: Meta pouring $65 million into PACs backing pro-AI state candidates

With a pro-tech, pro-AI administration in Washington, DC, Meta has decided the next battlegrounds that it needs to flood with cash are in individual states.

Starting in Meta’s home state of California, the tech giant is pledging $65 million to a pair of super PACs that it created to fund pro-tech and pro-AI candidates at the state level, according to a report from Politico.

Meta has funded the American Technology Excellence Project ($45 million) and Mobilizing Economic Transformation Across (META) California ($20 million) to push back on what it sees as burdensome AI regulations coming from state legislatures.

The META California PAC will support tech-friendly candidates regardless of party.

Starting in Meta’s home state of California, the tech giant is pledging $65 million to a pair of super PACs that it created to fund pro-tech and pro-AI candidates at the state level, according to a report from Politico.

Meta has funded the American Technology Excellence Project ($45 million) and Mobilizing Economic Transformation Across (META) California ($20 million) to push back on what it sees as burdensome AI regulations coming from state legislatures.

The META California PAC will support tech-friendly candidates regardless of party.

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