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General2h ago

Illinois Regulates Large AI Developers

Capitol News Illinois1 min brief

In brief

  • Illinois Governor JB Pritzker signed a bill regulating large artificial intelligence developers.
  • The law requires annual independent audits for AI models that generate over $500 million in revenue.
  • The law aims to increase transparency and accountability in the AI industry.
    • It requires developers to report risks that their models could be used for large-scale harms.
  • Illinois, California, and New York account for around 40% of the US AI market, making this a de facto national standard.
  • The new law will change how AI models are developed and used.
  • Now companies must work with the new rules to make AI safer.

Terms in this brief

independent audits
Independent audits are formal examinations conducted by third parties to assess the accuracy and reliability of AI models. This process ensures transparency and accountability in how these technologies operate and make decisions.
large-scale harms
Large-scale harms refer to significant negative impacts that could result from the misuse or unintended consequences of AI systems, potentially affecting many people or society at large.

Read full story at Capitol News Illinois

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