On May 17, 2024, Colorado Governor Jared Polis signed the Colorado Artificial Intelligence Act (CAIA) into law.

The CAIA positions Colorado as a leader in regulating AI systems, particularly targeting high-risk sectors such as finance, insurance, housing, and healthcare.

Developers and deployers of AI systems are required to prevent algorithmic discrimination and disclose information about their AI systems under the new law.

Exemptions are provided for smaller businesses and certain industries.

The Attorney General is granted enforcement authority, with penalties for non-compliance aimed at protecting consumers and ensuring transparency and accountability in AI deployment.

The collaborative development process of the CAIA has received positive recognition from industry giants and advocacy groups, setting a precedent for responsible AI governance and ethical practices.

With federal legislation still pending, the CAIA serves as a model for other states to consider similar regulations.