NY governor signs bills requiring ads to disclose AI-generated performers and mandating consent of heirs to use a deceased person's likeness commercially (Dade Hayes/Deadline)

New York Governor Kathy Hochul has proposed a significant rewrite of the RAISE Act, suggesting to replace its entire text with language copied verbatim from California's SB 53, according to sources. This move comes after the RAISE Act was recently passed by the New York legislature, indicating a shift in the state's approach to regulating artificial intelligence.

New York has enacted a law requiring advertisements to disclose the use of AI performers, marking a significant step in regulating the integration of artificial intelligence in media and entertainment. This legislation aims to enhance transparency for consumers regarding the nature of the performers they are engaging with in various advertisements.

SK Hynix Inc. is considering a share listing in New York, a strategic move aimed at aligning its valuation more closely with U.S. competitors like Micron Technology Inc. This decision comes amid a significant surge in SK Hynix's share prices, which have tripled this year due to the booming demand for artificial intelligence technologies.

Saviynt, an identity security company, has successfully raised $700 million in a Series B Growth Equity Financing round, achieving a valuation of approximately $3 billion. The funding was led by KKR, a global investment firm, with participation from Sixth Street Growth and TenEleven.

Rich Baich of AT&T, Munish Kumar of Wells Fargo, and Alan Rosa of CVS Health participated in a discussion on cybersecurity at the Defending the Digital Economy event in New York, emphasizing the importance of staying ahead of cyber threats. The conversation, moderated by Bloomberg's Lynn Doan, highlighted the strategies and frameworks being implemented by these companies to enhance their security measures.