Requires covered businesses to annually report to the department of labor regarding the impact of artificial intelligence on hiring and the nature of artificial intelligence use

Expanded the definition of 'covered business' from entities 'resident in the state' to those 'doing business in the state', broadening the pool of companies subject to reporting.

Changed the reporting focus from the 'impact' of AI on hiring to the 'nature of artificial intelligence use', shifting the emphasis from consequences to operational details.

Introduced a 90-day grace period for companies to resolve reporting violations before penalties can be applied, replacing the previous system of immediate daily fines.

Removed the provision allowing the commissioner to reduce penalties at their discretion if a company proves good faith, as this is now covered by the new cure period.