Governor Hochul signs AI safety act in New York

New York Governor Kathy Hochul signed the RAISE Act, which mandates large AI developers to ensure model safety and report incidents within 72 hours, following California’s lead. While initial proposals suggested fines of up to $10 million for violations, the final version reduces these penalties to a maximum of $1 million for first offenses and $3 million thereafter. The Act also establishes an oversight office within the Department of Financial Services to monitor AI safety. Concurrently, President Trump has advocated for a national standard to limit state-level AI regulations.

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