New York Governor Kathy Hochul signs RAISE Act to regulate AI safety

The framing around New York Governor Kathy Hochul's RAISE Act suggests a proactive approach to AI safety, yet it overlooks a critical concern: overregulation can stifle innovation. While ensuring safety protocols is undoubtedly important, the bill's requirement for large developers to report incidents within an arbitrary 72-hour window can result in a chilling effect on innovation. Developers might hesitate to test new features, fearing immediate backlash instead of allowing room for growth and learning.

This legislation raises red flags about public trust in regulatory bodies. By imposing stringent regulations, we risk creating an environment where developers feel compelled to prioritize compliance over safety, leading to a façade of security that may, in fact, compromise the integrity of emerging technologies. It is essential that regulation does not morph into a barrier that hinders progress while failing to address genuine safety concerns.

At its core, this issue is about finding a balance between ensuring national security and fostering an innovative economic landscape. Over-regulating AI may seem like a solution, but it could ultimately erode the very principles that guide technological advancement. The real challenge lies in crafting thoughtful regulations that protect without strangling innovation.