Requires large employers (100+ employees) and publicly traded entities doing business in New York to submit annual reports to the Department of Labor by March 1 each year on the impact of AI on their hiring and workforce and the nature of their AI usage for the prior calendar year. Reports must include employment displacement and hiring data attributable to AI, descriptions of AI use objectives, human oversight information, sensitive data handling, and risk reduction measures. The Department of Labor must compile and publish an annual aggregate report within 120 days of the reporting deadline. Failure to report subjects a covered business to civil penalties of up to $500 per day, with a 90-day cure period.