New York Governor Kathy Hochul has signed the RAISE Act, positioning New York as the second state after California to implement significant AI safety legislation. The new law mandates that large AI developers disclose their safety protocols and report any security incidents within 72 hours. Non-compliance could result in fines of up to $1 million. The legislation has received mixed reactions. While companies like OpenAI and Anthropic have expressed support, a Super PAC funded by Andreessen Horowitz has criticized the bill's sponsors. This development is part of a broader legislative push in New York, which includes efforts to counter the financing of terrorism through crypto regulations.