Illinois Governor Signs Nation’s Strongest Frontier AI Model Law - Bloomberg Law News

Illinois Governor J.B. Pritzker has signed into law a new statute requiring companies developing frontier AI models to meet transparency and safety reporting obligations. The law mandates evaluation of catastrophic risks, independent third-party audits, and incident reporting within 72 hours of discovery. The legislation is described as the strongest in the nation at the state level.

The law applies to companies developing frontier AI models, defined as those with capabilities that could pose catastrophic risks. Requirements include conducting assessments of potential catastrophic harms, undergoing audits by independent third parties, and reporting any incidents that could lead to catastrophic outcomes within 72 hours. Failure to comply may result in penalties.

The law positions Illinois as a leader in AI regulation at the state level, amid ongoing debates about federal AI policy. The requirements aim to address concerns about the rapid advancement of AI capabilities and the potential for unintended consequences. The legislation was signed by Governor Pritzker on [date if provided in article; not given, so omit].