New York’s Bold Stand Against AI: Addressing a Potential Catastrophic Risk to Humanity

The RAISE Act, recently passed by New York lawmakers, aims to regulate rapidly evolving artificial intelligence (AI) technologies that present “severe risks,” such as potential billion-dollar damages or significant loss of life. The bill mandates that top AI companies, including OpenAI and Google, develop and publish safety plans, disclose security incidents, and implement safeguards against severe risks, which could include cyberattacks or harmful AI developments. Critics, including prominent figures in Silicon Valley, argue that the act may stifle innovation, with concerns about vague regulations and punitive fines that could disproportionately affect smaller companies. Proponents, however, emphasize the importance of safety measures to prevent catastrophic outcomes. If signed into law by Governor Kathy Hochul, the RAISE Act would introduce unprecedented transparency standards for U.S. AI developers, igniting concerns that Big Tech might limit access to their products in response.

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