PYMNTSRegulation

New York Proposes $3 Million Daily Fines for AI Safety Violations

By PYMNTS

Photo for: New York Proposes $3 Million Daily Fines for AI Safety Violations

Source excerpt · PYMNTS

New York lawmakers want to make violations of artificial intelligence safety rules considerably more expensive. A bill known as RAISE Act 2.0 would charge frontier AI developers, the companies that build the most advanced AI models, by the day for each violation. Under Senate Bill S10731, which state Sen. Andrew Gounardes filed Oct. 28, a […] The post New York Proposes $3 Million Daily Fines for A…