Google Analytics counts our visits, with cookies. No thanks turns it off and removes its cookies; in Europe, the UK, Switzerland and India, or wherever we cannot tell where you are, it stays off unless you accept. Cookie Notice

Advertise
PRICES

← Back to NewsDesk

AI summary of a third-party reportNeutralNewsDesk

New York opens RAISE Act registration for OpenAI and Anthropic

New York has opened a registration portal for large frontier AI developers, which must sign up by 1 January 2027 under the state's RAISE Act safety and transparency law.

Why it matters: New York's regime adds registration, incident reporting and fines of up to $3m for the largest AI labs, part of a growing patchwork of state safety laws.

InvestIn.News NewsDesk · 1 min read
Share
Picture from Techcrunch for: New York opens RAISE Act registration for OpenAI and Anthropic
Image: Techcrunch
Original reporting: Rebecca Bellan, Techcrunch

Key points

  • Firms with more than $500m in annual revenue must register, publish safety frameworks and report critical incidents within 72 hours
  • Penalties reach $1m for a first violation and $3m for later ones, enforced by the new DIGIT office

New York has opened a registration portal for large frontier AI developers under the RAISE Act, with companies such as OpenAI and Anthropic required to sign up by 1 January 2027, TechCrunch reports. The law takes effect at the start of the year and applies to developers with more than $500m in annual revenue.

The newly formed Office of Digital Innovation, Governance, Integrity, and Trust will implement the law and oversee the labs. Penalties can reach $1m for a single violation and $3m for subsequent ones, and the state can act against companies that fail to register.

The centre will independently evaluate advanced AI systems and work with the new office to review companies' safety frameworks. Hochul first announced it in January with $55m in donations and capital.

New York has passed other AI laws. It began enforcing rules last year requiring AI companion operators to tell users they are talking to a bot and to watch for signs of self-harm. In October, Hochul signed a chatbot safety law for minors, which takes effect on 1 June 2027. California's SB 53 took effect in January, and Illinois' SB 315 starts at the beginning of 2027.

What to watch: Large frontier developers must register through the new portal by 1 January 2027, when the RAISE Act takes effect.

Read the full story on Techcrunch

Live updates on NewsFeeds:AIFrom our AI Hub: Is ChatGPT, Claude or Gemini down?, AI API prices, new AI modelsDesk editor: Keshav Aggarwal (accountable for this page; this summary was not edited by hand)

How this was produced: an AI model wrote this summary of Techcrunch’s report, which we credit and link above. Read our Editorial and AI policy. Spotted a mistake? See Corrections.

Not investment advice. Read the risk disclaimer.

← Back to NewsDesk