This bill establishes the Artificial Intelligence Ethics Board within the Department of Labor and Workforce Development in New Jersey. The board's primary purpose is to oversee the sale, use, and offering of artificial intelligence technology in the state, with a focus on preventing bias, ensuring privacy, promoting transparency, and maintaining accountability. The board will consist of seven members appointed by various state leaders, including the Governor and legislative leaders, with specific expertise in areas related to artificial intelligence and its societal impacts. Members will serve staggered terms, with a quorum requiring four members.

Additionally, the bill mandates that any entity selling or offering artificial intelligence technology in New Jersey must conduct an artificial intelligence impact assessment prior to the sale. This assessment must evaluate the societal effects of the technology, particularly concerning privacy and job displacement, and must be completed within the year preceding the sale. The board is also tasked with recommending protections for workers who may be displaced due to the implementation of artificial intelligence, including advance notice, retraining programs, and severance packages. The bill aims to ensure that the deployment of artificial intelligence technologies is conducted responsibly and ethically, safeguarding both consumer interests and worker rights.