News Summary

New York state lawmakers have passed the RAISE Act, a landmark bill aimed at regulating advanced AI models from major technology firms like OpenAI, Google, and Anthropic. The legislation seeks to prevent potential AI-fueled disasters by establishing transparency standards for AI labs and mandating safety and security reports. Companies whose AI models are trained with over $100 million in computing resources and accessible to New York residents will be subject to these requirements. The bill, which has faced criticism from tech industry leaders for potentially stifling innovation, now awaits the decision of New York Governor Kathy Hochul, who could sign it into law, amend it, or veto it. The RAISE Act represents a significant step in AI safety regulation, addressing concerns similar to those faced by California’s SB 1047.