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NYC Council Orders AI-Risk Hearing, Coxon Testifies Oct. 5

By Drooid · Oct 5, 2026, 11:39 PM UTC · How we work

Summary

NYC Council Holds Hearing

New York City Council members will hold an AI-risk hearing on Oct 5.
Former Anthropic researcher Jacob Coxon will testify, warning AI could kill humans by decade’s end.
Council Speaker Julie Menin requested testimony and warned firms they could be subpoenaed.
Proposed bills would require external vetting, citywide kill switches, and $25,000 fines for non-compliance.
A reward system would give whistleblowers a share of fines collected from violating AI firms.

Summary

Anthropic Files IPO

Anthropic filed for an IPO that could value the company at $2 trillion.
The firm lost more than $50 billion in the two years ending 2025.
Seven founders will oversee Anthropic, limiting public shareholder influence.
Broadcom will lend Anthropic $42 bn for chip leasing.
A February presidential order stopped agency use of its models, prompting the DoD to label them a supply-chain risk.

History

Historical Context

On May 25 2016 the EU adopted the GDPR, imposing fines up to 4 percent of worldwide revenue and €20,000 per breach, prompting firms such as Facebook to overhaul data practices. Six years later, New York City Council members led by Speaker Julie Menin held an AI-risk hearing where Anthropic researcher Jacob Coxon warned of similar regulatory needs, echoing GDPR’s precautionary model.

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NYC Council Holds Hearing

New York City Council members will hold an AI-risk hearing on Oct 5.
Former Anthropic researcher Jacob Coxon will testify, warning AI could kill humans by decade’s end.
Council Speaker Julie Menin requested testimony and warned firms they could be subpoenaed.
Proposed bills would require external vetting, citywide kill switches, and $25,000 fines for non-compliance.
A reward system would give whistleblowers a share of fines collected from violating AI firms.

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