Establishes minimum standards for large frontier AI developers to prevent catastrophic risk.

This bill amends the general business law to require an office within the Department of Financial Services to establish minimum standards for large frontier AI developers' frameworks. These standards aim to prevent unreasonable levels of catastrophic risk. The office must adopt these regulations by July 1, 2028, and consider industry best practices, national and international standards, and laws from other states. The office will also solicit feedback from academia, the Empire AI research institute, the attorney general, and other stakeholders.

Establishes minimum standards for large frontier AI developers to prevent catastrophic risk.

This bill amends the general business law to require an office within the Department of Financial Services to establish minimum standards for large frontier AI developers' frameworks. These standards aim to prevent unreasonable levels of catastrophic risk. The office must adopt these regulations by July 1, 2028, and consider industry best practices, national and international standards, and laws from other states. The office will also solicit feedback from academia, the Empire AI research institute, the attorney general, and other stakeholders.