AI Innovation Trust Fund.
SB 735 establishes the North Carolina Artificial Intelligence Innovation Trust Fund to provide grants and financial support for companies developing or deploying AI in key industries, as well as AI entrepreneurship programs through partnerships with research institutions. The fund prohibits spending on projects involving mass surveillance, discriminatory profiling, or deceptive digital content intended for fraud or electoral interference. Funds will come from state appropriations, interest, and other allowable contributions, with the Secretary of Commerce managing disbursements. The bill defines key terms like "covered model" to guide future regulatory frameworks but focuses on funding innovation rather than direct oversight.
Bill status
died
1 of 4 stages cleared
Introduction
Mar 2025
Committee Review
Floor Vote
Governor
Introduced Mar 25, 2025
Last action Mar 26, 2025
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What changed between versions
Filed
→
Edition 1
·
3 edits
MINOR
The bill underwent formatting updates and a substantive expansion of the 'critical harm' definition. The header information was standardized with new session details and bill identifiers, while the definition of critical harm was broadened to include radiological and nuclear weapons alongside chemical and biological weapons.
Scope change
The bill's scope was expanded by adding radiological and nuclear weapons to the list of covered critical harms, thereby broadening the types of AI-enabled threats that trigger regulatory requirements.
DEFINITION
The definition of 'critical harm' was expanded to include 'radiological or nuclear weapon' in addition to chemical and biological weapons, increasing the range of AI-related threats covered by the bill.
TECHNICAL
Header formatting was updated to include standard session information, bill number, and revised filing dates, while removing draft document identifiers.
The bill was officially referred to the Rules and Operations of the Senate committee with a specific date of March 26, 2025.
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
5
Key actions
0
Committee
2
Mar 26, 2025
Committee
Re-ref Com On Appropriations/Base Budget
upper
Mar 26, 2025
Committee
Ref To Com On Rules and Operations of the Senate
upper
Mar 25, 2025
Introduced
Filed
upper
2 primary · 4 co-sponsors
Sponsors
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