Artificial intelligence disclosure statements.

1. **ONE-SENTENCE SUMMARY:** This bill requires businesses that use artificial intelligence (AI) to disclose specific information about their AI systems to consumers. 2. **KEY REQUIREMENTS:** - Businesses must provide clear disclosure statements about the AI systems they use, including the purpose and functionality of the AI. - Disclosures must be easily accessible to consumers, likely on websites or in product information. 3. **DEADLINES:** - The law is effective immediately upon passage, so businesses must start complying as soon as possible. 4. **PENALTIES:** - Non-compliance may result in fines, although specific amounts are not detailed in the bill. Enforcement mechanisms will likely involve state regulatory agencies. 5. **SMB IMPACT:** Small businesses using AI will need to invest time and resources into creating and maintaining disclosure statements, which could require legal or technical assistance. However, this transparency may also build trust with consumers.