Large artificial intelligence companies will be required to register with a New York state portal starting in November and report critical safety incidents within 72 hours, Gov. Kathy Hochul announced Monday.
Hochul and Attorney General Tish James outlined the next steps for implementing the RAISE Act, a sweeping package of legislation that takes an aggressive approach to AI regulation in New York, during a press conference in New York City.
“We’ll look closely at additional ways to build on the RAISE Act and strengthen our AI laws,” Hochul said, adding that her administration was not ruling out measures such as emergency kill switches.
“We may even explore safeguards like AI kill switches if they’re deemed feasible and in the best interest of our state.”
Starting in November, AI developers with annual revenue of more than $500 million must register with the state Department of Financial Services and follow strict transparency requirements. Those rules include notifying the government of critical safety incidents within 72 hours.
Hochul’s team said the latest regulations come as President Trump dismisses growing public concerns about the potential dangers of artificial intelligence.
“Donald Trump and Washington Republicans may be standing still as AI grows more unpredictable, but New York will not,” Hochul said in a statement after the announcement.
“When companies are building some of the most powerful technology in the world, people deserve to know what they’re doing to keep it safe, and those companies should be held accountable when things go wrong.”
Public anxiety over AI’s future intensified earlier this month after former Anthropic researcher Jacob Coxon posted an online rant claiming that “the people building AI earnestly believe that it could kill us all by the end of the decade.”
Trump dismissed such warnings as “a hoax” and appeared to reaffirm his plans to accelerate AI development just one hour after Hochul’s announcement Monday.
“I’m not going to stifle growth, or something that will be bigger than the Industrial Revolution, or the Internet, itself,” the president wrote in a post on Truth Social.
“We will be careful, and that’s why we have the Department of Justice, and other Law Enforcement bodies, that will rein things in if we have to, but I will only encourage AI or, SI (SUPER INTELLIGENCE)!” he said.
Hochul signed the RAISE Act into law in December of last year and amended it in March to bring it more closely in line with California’s AI framework laws.
In July, Hochul also announced the nation’s first moratorium on AI data centers using more than 50 megawatts of electricity. The pause is set to last at least one year.
“I think there’s a lot of threats associated with the hyperscale data centers and that’s why we took on this issue boldly,” she said.
