"New York governor Kathy Hochul signed legislation on Friday aimed at holding large AI developers accountable for the safety of their models. The RAISE Act establishes rules for greater transparency, requiring these companies to publish information about their safety protocols and report any incidents within 72 hours of their occurrence. It comes a few months after California adopted similar legislation."
"While that version included fines of up to $10 million dollars for a company's first violation and up to $30 million for subsequent violations, according to , Hochul's version sets the fines at up to $1 million for the first violation, and $3 million for any violations after that. In addition to the new reporting rules, a new oversight office dedicated to AI safety and transparency is being born out of the RAISE Act."
"Hochul signed two other pieces of AI legislation earlier in December that focused on the use of the technology in the entertainment industry. At the same time, President Trump has been pushing to curb states' attempts at AI regulation, and signed an executive order this month calling for "a minimally burdensome national standard" instead. It comes a few months after California adopted similar legislation."
New York enacted the RAISE Act to hold large AI developers accountable for model safety. The law requires companies to publish information about safety protocols and to report incidents within 72 hours. The final version reduces fines to up to $1 million for a first violation and $3 million for subsequent violations, down from proposed higher amounts. The law establishes an oversight office within the Department of Financial Services to issue annual assessments of large AI developers. The state previously passed two AI-related laws focused on entertainment. The move contrasts with a presidential executive order seeking a minimally burdensome national standard.
Read at Engadget
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