Requires covered businesses to annually report to the department of labor regarding the impact of artificial intelligence on hiring and the nature of artificial intelligence use for the previous year; requires the department of labor to file an annual report on the impact of artificial intelligence on hiring and the nature of artificial intelligence use in the state; establishes penalties for covered business that fail to submit such reports.

Summary

mary This bill requires large businesses in New York—those with more than 100 employees or publicly traded companies—to submit annual reports to the Department of Labor detailing how artificial intelligence has affected their hiring and operations, including estimates of employees displaced or hired due to AI and information about their AI usage practices. The Department of Labor must then compile these reports into a public annual report analyzing AI's impact on employment across different sectors and business sizes. Businesses that fail to report face civil penalties of up to $500 per day, though the commissioner may reduce penalties for good-faith failures to comply.