Big Tech successfully changed NYC’s landmark AI safety bill with the help of major universities. The RAISE Act has several layers, including requiring companies like OpenAI and Meta to disclose safety plans and report major incidents. But together, the AI Alliance (including universities like NYU and Cornell) spent $25K on ads opposing it, claiming the bill would “stifle job growth.” Meanwhile, 150+ parents sent letters to the governor urging her to sign without changes. Gov. Hochul ultimately signed a rewritten version that removed key provisions—including a clause preventing the release of AI models posing “unreasonable risk of critical harm.” As legislators globally grapple with regulating Gen Z’s AI exposure, this battle shows how hard tech investors are willing to push back. (The Verge)
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