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Governor Kathy Hochul has signed the RAISE Act, positioning New York as the second U.S. state to enact major AI safety legislation.<\/p>\n
State lawmakers passed RAISE Act<\/a> in June, but following lobbying from the tech industry, Hochul proposed changes<\/a> to scale the bill back. The New York Times reports<\/a> that Hochul ultimately agreed to sign the original bill, while lawmakers agreed to make her requested changes next year.<\/p>\n The bill will require large AI developers to publish information about their safety protocols and report safety incidents to the state within 72 hours. It will also create a new office within the Department of Financial Services to monitor AI development.<\/p>\n If companies fail to submit safety reports or make false statements, they can be fined up to $1 million ($3 million for subsequent violations).<\/p>\n California Governor Gavin Newsom signed a similar safety bill<\/a> in September, which Hochul referenced in her announcement<\/a>.<\/p>\n \u201cThis law builds on California\u2019s recently adopted framework, creating a unified benchmark among the country\u2019s leading tech states as the federal government lags behind, failing to implement common-sense regulations that protect the public,\u201d Hochul said.<\/p>\n State Senator Andrew Gounardes, one of the bill\u2019s sponsors, posted<\/a>, \u201cBig Tech thought they could weasel their way into killing our bill. We shut them down and passed the strongest AI safety law in the country.\u201d<\/p>\n Techcrunch event<\/p>\n \n\t\t\t\t\t\t\t\t\tSan Francisco<\/span> Both OpenAI and Anthropic expressed support for New York\u2019s bill while also calling for federal legislation, with Anthropic\u2019s head of external affairs Sarah Heck telling the NYT<\/a>, \u201cThe fact that two of the largest states in the country have now enacted AI transparency legislation signals the critical importance of safety and should inspire Congress to build on them.\u201d<\/p>\n Not everyone in the tech industry has been so supportive. In fact, a super PAC backed by Andreessen Horowitz and OpenAI President Greg Brockman is looking to challenge Assemblyman Alex Bores<\/a>, who co-sponsored the bill with Gounardes. (Bores told journalists, \u201cI appreciate how straightforward they\u2019re being about it.\u201d)<\/p>\n This comes after President Donald Trump signed an executive order<\/a> that directs federal agencies to challenge state AI laws. The order \u2014 backed by Trump\u2019s AI czar David Sacks<\/a> \u2014 is the latest attempt by the Trump Administration to curtail states\u2019 ability to regulate AI, and will likely be challenged in court<\/a>.<\/p>\n We also discussed Trump\u2019s executive order, and the role that Sacks and a16z have played in opposing state AI regulation, on the latest episode of the Equity podcast<\/a>.<\/p>\n \n
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\n\t\t\t\t\t\t\t\t\t\t\t\t\tOctober 13-15, 2026<\/span>\n\t\t\t\t\t\t\t<\/p>\n<\/p><\/div>\n<\/p><\/div>\n<\/div>\n