Establishes the North Carolina Artificial Intelligence Innovation Trust Fund to support AI research and development.

The bill establishes the North Carolina Artificial Intelligence Innovation Trust Fund to support AI research and development. It outlines requirements for developers of AI models, including safety and security protocols, risk assessments, and reporting obligations. The fund will provide grants and financial assistance for AI innovation, with oversight by the Department of Commerce. The bill also defines key terms such as "covered model," "critical harm," and "fine-tuning." It aims to balance AI innovation with public safety and ethical considerations.

Establishes the North Carolina Artificial Intelligence Innovation Trust Fund to support AI research and development.

The bill establishes the North Carolina Artificial Intelligence Innovation Trust Fund to support AI research and development. It outlines requirements for developers of AI models, including safety and security protocols, risk assessments, and reporting obligations. The fund will provide grants and financial assistance for AI innovation, with oversight by the Department of Commerce. The bill also defines key terms such as "covered model," "critical harm," and "fine-tuning." It aims to balance AI innovation with public safety and ethical considerations.