tech:

taffy

Tech Companies Continue To Spend Lobbying Dollars

Google slashed spending on lobbying by 25.5 percent in the first quarter of 2016 to $3.8 million, while AT&T reported the highest lobbying outlay at $4.48 million, according to latest numbers released by the Consumer Watchdog. Seven of the companies spent more than $2 million on lobbying. Twelve spent more than $1 million on lobbying in the first quarter.

Google spent $5.1 million in the comparable 2015 period and AT&T’s spending was up 2.5 percent from $4.37 million in 2015, according to disclosure reports recently filed with the Clerk of the House of Representatives. Facebook, which has been increasing its Washington presence, spent $2.78 million, an increase of 13.9 percent from $2.44 million, in the comparable 2015 quarter.

Microsoft also topped $2 million in lobbying spending. It reported expenditures of $2.02 million, an increase of 6.9 percent from $1.89 million in 2015. Lobbying spending increased 39 percent at Amazon, to $ 2.65 million from $1.91 million in the first quarter of 2015, the disclosure records show. It was the fourth straight quarter that its spending topped $2 million.

Lobbying expenditures for the first quarter of 2016:
  1. Apple spent $1.13 million, an 8.9 percent decrease from $1.24 million.
  2. Cisco spent $420,000, a 30 percent decrease from $600,000.
  3. IBM spent $830,000 a 17 percent decrease from $1 million.
  4. Intel spent $1.23 million, an increase of 5.1 percent from $1.17 million.
  5. Oracle spent $1.72 million, an increase of 33.3 percent from $1.29 million.
  6. Yahoo spent $690,000, a 5.5 percent decrease from $730,000.
  7. Sprint spent $523,041 a decrease of 28.8 percent from $734,27.
  8. T-Mobile spent $1.80 million, an increase of 52.5 percent from $1.18 million.
  9. Verizon spent $3.59 million, an increase of 7.2 percent $3.35 million.
  10. Comcast spent $3.72 million, a 19.5 percent decrease from $4.62 million.
  11. Time Warner Cable spent $1.5 million, an 11.8 percent decrease from $1.7 million.

Consumer Watchdog, a nonpartisan nonprofit public interest group, monitors the lobbying disclosure reports of 16 tech and communications companies. Half of the 16 companies increased their first quarter 2016 spending on lobbying and half decreased spending from 2015 first-quarter levels.

You can find the the House Clerk’s lobbying disclosure database here: http://disclosures.house.gov/ld/ldsearch.aspx#

[Image courtesy: Wikipedia. Credits: Office of the Architect of the Capitol.]

Just in

Raspberry Pi is now a public company — TC

Raspberry Pi priced its IPO on the London Stock Exchange on Tuesday morning at £2.80 per share, valuing it at £542 million, or $690 million at today’s exchange rate, writes Romain Dillet. 

AlphaSense raises $650M

AlphaSense, a market intelligence and search platform, has raised $650 million in funding, co-led by Viking Global Investors and BDT & MSD Partners.

Elon Musk’s xAI raises $6B to take on OpenAI — VentureBeat

Confirming reports from April, the series B investment comes from the participation of multiple known venture capital firms and investors, including Valor Equity Partners, Vy Capital, Andreessen Horowitz (A16z), Sequoia Capital, Fidelity Management & Research Company, Prince Alwaleed Bin Talal and Kingdom Holding, writes Shubham Sharma. 

Capgemini partners with DARPA to explore quantum computing for carbon capture

Capgemini Government Solutions has launched a new initiative with the Defense Advanced Research Projects Agency (DARPA) to investigate quantum computing's potential in carbon capture.