Nvidia is on pace for a record year of Washington lobbying spending. Lawmakers from both parties are souring on the chip company's policy preferences, so the outlays are not expected to help much.
Nvidia has been setting records with its Washington lobbying spending, but MarketWatch reports the money is not expected to help much. Lawmakers from both parties are souring on the artificial-intelligence chipmaker's policy preferences in the wake of its spy scandal.
The company disclosed lobbying spending of $4.69 million in the first three quarters of this year. That puts Nvidia on pace for a new company spending record by year's end. Last year, it put at least $4.97 million toward influencing Washington, and the report cites the watchdog organization OpenSecrets for its chart.
Source: MarketWatch (snippet-based)
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