OpenAI, Anthropic face new oversight as New York’s AI safety law takes effect
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New AI safety regulation with compliance requirements, directly relevant to AI/ML development practices.
New York's RAISE Act takes effect January 2027, requiring frontier AI developers with over $500M annual revenue to register, publish safety frameworks, report critical incidents within 72 hours, and issue transparency reports. The newly formed Office of DIGIT will enforce penalties up to $1M per violation, while the $55M New York Center for AI Responsibility and Research at SUNY Binghamton independently evaluates advanced AI systems. California's SB 53 and Illinois' SB 315 impose similar mandates with varying incident-reporting timelines and audit requirements.