New York's RAISE Act brings oversight to AI devs like OpenAI, Anthropic

new york's raise act, a safety and transparency bill, has taken effect, requiring large frontier ai developers with over $500 million in annual revenue to register by january 1, 2027. these companies must publish safety frameworks on their websites, report critical safety incidents within 72 hours, and issue public model transparency reports. the office of digital innovation, governance, integrity, and trust (digit) will implement the raise act and oversee large frontier ai labs. penalties for non-compliance can be as high as $1 million for one violation and $3 million for subsequent violations. the new york center for ai responsibility and research has also been launched to independently evaluate the safety, security, and operation of advanced ai systems.