AI Regulation from New York: New Oversight for OpenAI and Anthropic

The state of New York has implemented the RAISE Act, one of the country's most prominent AI safety laws, introducing new oversight and registration requirements for major developers like OpenAI and Anthropic.

The state of New York has enacted the RAISE Act safety and transparency law, designed to oversee major artificial intelligence developers. Through a registration portal launched by the state on Tuesday, major AI companies with annual revenues exceeding $500 million are required to register in the system by January 1, 2027.

Under the law, these developers are required to publish their safety frameworks on their websites, report critical security incidents within 72 hours, and submit publicly accessible model transparency reports. The newly established Office of Digital Innovation, Governance, Integrity, and Trust (DIGIT) will enforce the law and oversee major AI laboratories.

Within the framework of measures announced by Governor Kathy Hochul, it was stated that fines of up to $1 million for a single violation and up to $3 million for subsequent violations may be imposed. Additionally, it was announced that the New York Center for AI Accountability and Research has been established within Binghamton University.