New York State Government to Monitor its Use of AI under a New Law

A video surveillance camera hangs from the ceiling above a subway platform, Oct. 7, 2020, in the Brooklyn borough of New York. (AP Photo/Mark Lennihan, File)
A video surveillance camera hangs from the ceiling above a subway platform, Oct. 7, 2020, in the Brooklyn borough of New York. (AP Photo/Mark Lennihan, File)
TT

New York State Government to Monitor its Use of AI under a New Law

A video surveillance camera hangs from the ceiling above a subway platform, Oct. 7, 2020, in the Brooklyn borough of New York. (AP Photo/Mark Lennihan, File)
A video surveillance camera hangs from the ceiling above a subway platform, Oct. 7, 2020, in the Brooklyn borough of New York. (AP Photo/Mark Lennihan, File)

New York state government agencies will have to conduct reviews and publish reports that detail how they're using artificial intelligence software, under a new law signed by Gov. Kathy Hochul.

Hochul, a Democrat, signed the bill last week after it was passed by state lawmakers earlier this year.

The law requires state agencies to perform assessments of any software that uses algorithms, computational models or AI techniques, and then submit those reviews to the governor and top legislative leaders along with posting them online, according to The AP.

It also bars the use of AI in certain situations, such as an automated decision on whether someone receives unemployment benefits or child care assistance, unless the system is being consistently monitored by a human.

State workers would also be shielded from having their hours or job duties limited because of AI under the law.

State Sen. Kristen Gonzalez, a Democrat who sponsored the bill, called the law an important step in setting up some guardrails in how the emerging technology is used in state government.

 

 

 

 

 



EV Maker Rivian Beats Expectations for Deliveries as Supply Snag Eases

Workers assemble second-generation R1 vehicles at electric auto maker Rivian's manufacturing facility in Normal, Illinois, US June 21, 2024. REUTERS/Joel Angel Juarez/File Photo
Workers assemble second-generation R1 vehicles at electric auto maker Rivian's manufacturing facility in Normal, Illinois, US June 21, 2024. REUTERS/Joel Angel Juarez/File Photo
TT

EV Maker Rivian Beats Expectations for Deliveries as Supply Snag Eases

Workers assemble second-generation R1 vehicles at electric auto maker Rivian's manufacturing facility in Normal, Illinois, US June 21, 2024. REUTERS/Joel Angel Juarez/File Photo
Workers assemble second-generation R1 vehicles at electric auto maker Rivian's manufacturing facility in Normal, Illinois, US June 21, 2024. REUTERS/Joel Angel Juarez/File Photo

Rivian surpassed analysts' expectations for fourth-quarter deliveries on Friday and said its production was no longer constrained by a component shortage, a positive sign for the electric vehicle maker aiming to turn its first profit.

Shares of the California-based company rose nearly 6% in premarket trading. The stock lost more than 40% of its value in 2024.

The shortage of the part used in its R1 SUV and R1T pickups, as well as its delivery vans, started in the third quarter and forced Rivian to slash its annual production target in October.

"The previously discussed shortage of a shared component on the R1 and RCV platforms is no longer a constraint on Rivian's production," the company said on Friday, Reuters reported.

Rivian handed over 14,183 vehicles in the three months ended Dec. 31, compared with estimates of 13,472, according to 15 analysts polled by Visible Alpha.

That was a 42% jump from the previous quarter and marked Rivian's highest deliveries in more than a year, even though Amazon.com, its biggest backer, takes fewer deliveries in the fourth quarter due to its focus on holiday season sales.

Rivian produced 12,727 vehicles in the quarter, compared with estimates of 11,398 units.

For 2024, production came in at 49,476 vehicles, down about 13% from a year earlier but above the company's lowered target of between 47,000 and 49,000 units.

Rivian has cut costs sharply by renegotiating supplier contracts and revamping its manufacturing processes to turn a gross profit for the fourth quarter. It also entered a technology joint venture with German automaker Volkswagen last year that will provide a $5 billion lifeline.

EV makers are grappling with slowing demand as higher borrowing costs push buyers toward cheaper gasoline-powered hybrid vehicles and legacy automakers focus on rolling out electric vehicles.

Bigger rival Tesla reported its first fall in yearly deliveries on Thursday, also weighed down by the EV pioneer's aging lineup.