This bill mandates that artificial intelligence companies in New Jersey conduct annual safety tests on their AI technologies and report the results to the Office of Information Technology. The Office is tasked with establishing minimum requirements for these safety tests, which must include analyses of potential cybersecurity threats, data sources for biases, and possible remedies for identified issues. The bill defines key terms such as "artificial intelligence," "artificial intelligence company," and "safety test," ensuring clarity in the scope of the legislation.

Artificial intelligence companies are required to submit detailed reports to the Office of Information Technology, which will include a list of tested technologies, descriptions of the safety tests conducted, any third parties involved in the testing, and the results of these tests. The Office will also review these annual reports to ensure compliance with the established safety test requirements. The bill is set to take effect six months after its enactment.