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Story summary
- New York Governor Kathy Hochul signed the Responsible AI Safety and Education (RAISE) Act on December 20, 2025, establishing safety rules.
- The act requires AI firms with over $500 million in annual revenue to craft safety plans and report incidents within 72 hours.
- The act imposes fines for non-compliance.
- It aims to boost transparency and oversight while fostering innovation in finance and healthcare.
