ALBANY, NY –
NY Governor Kathy Hochul, on December 22, signed legislation to require AI frameworks for AI frontier models, setting a nation-leading standard for AI transparency and safety. The agreed-upon chapter amendments to the RAISE Act (S6953B/A6453B) requires large AI developers to create and publish information about their safety protocols, and report incidents to the State within 72 hours of determining that an incident occurred. It also creates an oversight office within the Department of Financial Services that will assess large frontier developers and enable greater transparency. The office will issue reports annually.
“By enacting the RAISE Act, New York is once again leading the nation in setting a strong and sensible standard for frontier AI safety, holding the biggest developers accountable for their safety and transparency protocols”, Governor Hochul said. “This law builds on California’s recently adopted framework, creating a unified benchmark among the country’s leading tech states as the federal government lags behind, failing to implement common-sense regulations that protect the public. I thank the leaders and members of both houses of the Legislature, as well as the bill’s sponsors, for their partnership in delivering this responsible, nation-leading approach to AI safety”.
Artificial intelligence is evolving faster than any technology in human history. It is driving groundbreaking scientific advances leading to life-changing medicines, unlocking new creative potential, and automating mundane tasks. At the same time, experts and practitioners in the field readily acknowledge the potential for serious risks.
Under the new law the Attorney General can bring civil actions against large frontier developers for the failure to submit required reporting or making false statements. Penalties are up to $1 million for the first violation and up to $3 million for subsequent violations.
“This new law ensures that innovation continues to thrive while safeguarding against potential harms, and reinforces New York’s position as a global hub for ethical AI development”, a press release by the Governor’s Office notes.
