Establishes transparency requirements for developers of AI models in New York.

The bill implements transparency requirements for developers of AI models in New York. It mandates that large frontier developers establish and publish a frontier AI framework detailing their protocols for managing and mitigating catastrophic risks. These developers must also report any critical safety incidents to a designated office within 72 hours. The office, within the Department of Financial Services, is tasked with overseeing these requirements, including reviewing critical safety incident reports and assessing catastrophic risks from internal use of frontier models.

Establishes transparency requirements for developers of AI models in New York.

The bill implements transparency requirements for developers of AI models in New York. It mandates that large frontier developers establish and publish a frontier AI framework detailing their protocols for managing and mitigating catastrophic risks. These developers must also report any critical safety incidents to a designated office within 72 hours. The office, within the Department of Financial Services, is tasked with overseeing these requirements, including reviewing critical safety incident reports and assessing catastrophic risks from internal use of frontier models.