Commentary: RAISE Act will undermine New York’s AI leadership |
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The race to become the national leader in artificial intelligence is accelerating, with several states making significant investments in the infrastructure that powers AI. They are opening their arms to innovation and recognizing the importance of remaining competitive with a technology that is already redefining what industries thought was possible.
As a global commerce hub and the world’s second most valuable innovation ecosystem, New York is well positioned to lead the pack — but recent state actions risk tripping us up.
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In the legislative session's final days, lawmakers passed a sweeping slate of AI regulations, despite the significant concerns raised by the business and investor community about the impact of these bills. Among them: the RAISE Act, which imposes broad new mandates on developers and deployers of AI systems. Not only would it force new liabilities on startups, but it would also force significant new compliance burdens and costs onto deployers like small and medium-sized businesses.
These mandates risk crushing New York’s tech........