New York has signed the Responsible AI Safety and Education (RAISE) Act into law, making it one of the first major state-level AI safety regulatory frameworks in the U.S. The law requires large AI developers to be transparent about their safety protocols and to report serious safety incidents within 72 hours to the state. It also creates a new oversight office within the New York State Department of Financial Services to enforce compliance, assess safety practices, issue rules, and publish annual AI safety reports. Companies that fail to comply can face significant fines for violations. The law takes effect starting January 1, 2027, and mirrors some provisions of California’s AI regulations while positioning New York as a leader in AI governance. The signing comes amid a broader debate with federal efforts and reflects growing state-level action on AI risk management.
