TechCrunch AIT2·Industry
72 pts
New York has begun implementing the RAISE Act, requiring frontier AI developers with over $500 million in annual revenue to register by January 1, 2027, publish safety frameworks, report critical safety incidents within 72 hours, and issue model transparency reports. The newly created DIGIT office will oversee enforcement, with fines up to $1 million per violation and $3 million for repeat offenses. It marks one of the first state-level regulatory regimes imposing concrete compliance duties on frontier model developers.