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, defined as those with annual gross revenues exceeding $500 million, must publish detailed information about their AI models, including their intended uses, supported languages, and output modalities. Developers must also submit disclosure statements to the Office of Financial Services, detailing their business operations and ownership. The bill requires developers to report critical safety incidents within 72 hours and to update their AI frameworks annually.

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, defined as those with annual gross revenues exceeding $500 million, must publish detailed information about their AI models, including their intended uses, supported languages, and output modalities. Developers must also submit disclosure statements to the Office of Financial Services, detailing their business operations and ownership. The bill requires developers to report critical safety incidents within 72 hours and to update their AI frameworks annually.