New York Governor Hochul signs RAISE Act Friday, requiring AI companies to report safety incidents within 72 hours, submit risk assessments, face fines up to $3M—creating unified tech safety standards with California as federal regulation stalls.

N.Y. Gov. Kathy Hochul signs sweeping AI safety bill

Gov. Kathy Hochul (D) signed the RAISE Act into law Friday, making New York the latest state to have broad safety rules for the most advanced AI models.Why it matters: New York and California are setting de facto safety rules for frontier AI companies in the U.S. as Congress struggles to settle on federal standards. It comes a week after President Trump signed an executive order aiming to override state AI laws.Driving the news: After negotiations, the RAISE Act regulates frontier AI safety with...