TL;DR
New York is rolling out the first major implementation steps of its RAISE Act, requiring large AI companies to register with the state and report safety incidents within 72 hours, setting up a direct regulatory clash with the Trump administration's hands-off approach.
What happened
- November 2025 deadline: AI developers with annual revenues exceeding $500 million must register with New York's Department of Financial Services.
- 72-hour incident reporting: Companies must notify the state of critical safety incidents, mirroring breach-notification rules common in cybersecurity law.
- Gov. Kathy Hochul and AG Tish James announced the implementation steps at a Monday press conference in New York City.
- Hochul declined to rule out AI kill switches, saying the state may explore them "if deemed feasible and in the best interest of our state."
- The RAISE Act was originally signed in December 2024, amended in March 2025 to align with California's AI framework, and supplemented in July 2025 with a first-in-the-nation moratorium on AI data centers consuming over 50 megawatts for at least one year.
Why it matters
- $500 million revenue threshold targets the largest frontier AI labs directly, meaning OpenAI, Google DeepMind, Anthropic, and Meta are squarely in scope.
- New York is building a parallel federal regulatory track: while Washington deregulates, Albany is creating registration, transparency, and incident-reporting obligations that function like a de facto national standard for any company doing business in the state.
- The kill-switch signal is not law yet, but floating it publicly raises the compliance ceiling and puts companies on notice that operational controls could become mandatory.
- The data center moratorium adds a physical constraint on AI infrastructure expansion in one of the most commercially critical states, compounding cost and siting pressure on hyperscalers.
- Trump's same-day Truth Social rebuttal, framing AI regulation as stifling "something bigger than the Industrial Revolution," confirms this is now an explicit state-versus-federal policy fault line, not just a local story.
What to watch next
- November portal launch: Whether the Department of Financial Services registration system goes live on schedule and how many companies comply without legal challenge will be the first real test of enforcement teeth.
- Legal challenges: Expect industry groups or individual companies to contest the law on preemption or commerce-clause grounds, especially if federal AI legislation advances in parallel.
- Kill-switch rulemaking: Any formal rulemaking notice from Hochul's administration on operational AI controls would be a major escalation and a signal to other states to follow.
Originally published on Present of AI, a daily source-linked AI news timeline. Read the full timeline or browse the open dataset.