An act relating to artificial intelligence

1. **ONE-SENTENCE SUMMARY:** This bill addresses the use of artificial intelligence by establishing guidelines and requirements for businesses that utilize AI technologies. 2. **KEY REQUIREMENTS:** - Businesses must disclose when AI is used in decision-making processes that affect consumers. - Implement measures to ensure AI systems are transparent and accountable. - Conduct regular assessments of AI systems to mitigate risks related to bias and discrimination. 3. **DEADLINES:** - The bill is currently introduced; effective dates and compliance deadlines will be established once it passes. 4. **PENALTIES:** - Non-compliance may result in fines, though specific amounts and enforcement mechanisms will be detailed in the final version of the bill. 5. **SMB IMPACT:** Small businesses that use AI will need to adapt their practices to ensure compliance with transparency and accountability requirements, which may require additional resources or training. This could lead to increased operational costs but also improve consumer trust.