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Kaitlin Asrow

Kaitlin Asrow

Acting Superintendent, New York Department of Financial Services

Appears in 1 story

Notable Quotes

“DFS has been a leader… in the responsible adoption of artificial intelligence…” — Acting Superintendent Kaitlin Asrow

Stories

New York’s RAISE Act turns frontier AI safety into a 72-hour countdown

Rule Changes

Publicly supportive of DFS role in responsible AI standards

New York just told the biggest AI labs: if something goes seriously wrong, you don't get to bury it. Under the RAISE Act, large "frontier AI" developers must publish a safety approach and report "critical harm" incidents to the state within 72 hours after determining one occurred. First violations carry civil penalties capped at $1M; later violations, $3M—far below the bill's June penalty structure.

Updated Yesterday