The American Innovators Network, a coalition of early-stage artificial intelligence startups and venture capital firms like Andreessen Horowitz , is sending a memo of opposition to the RAISE Act and other AI regulation currently being considered by the state Legislature.

“We support thoughtful regulation of genuinely high-risk AI applications,” the memo reads . “But as written, these bills go far beyond targeted oversight and instead threaten to undermine New York’s leadership as a hub for innovation and entrepreneurship.”

The RAISE Act, sponsored by state Sen. Andrew Gounardes and Assembly Member Alex Bores would require large developers to create safety protocols for their cutting-edge, large-scale machine learning models and would introduce penalties should they fail to meet requi

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