Tusk Venture Partners

Uber wasn't legal to start with🚕❌ It had to battle it out to earn the right to win in the taxi market. 💪Their superpower: Users that loved their product and were willing to voice their support for the platform. Result: Uber was legalized in all states of America. Bradley Tusk shares his insights on how to operate in highly regulated markets on VC10X🎙️ (Full episode link in replies) #uber #regulation #regulatedindustries

Will New State Laws Make Your Insurance Fairer? State AI legislation is rapidly evolving, and its impact on the insurance industry is becoming increasingly significant. Marla H. Kanemitsu and Manu Sharma at Tusk Venture Partners conducted an in-depth analysis of 190 proposed state bills that touch on AI and insurance and identified four main categories: ➡ AI Discrimination: These bills, introduced in about a dozen states, address the use of AI in making high-stakes, “consequential” decisions that could result in discriminatory outcomes. These bills often require audits or impact assessments of AI systems prior to production. Colorado has passed such legislation, Connecticut came close, and California will likely follow suit. Illinois and Virginia are also considering similar bills. ➡ Utilization Review: These bills focus on the process by which insurers determine coverage for medical care. They generally require disclosures about the use of AI in the utilization review process and may restrict the use of AI by health insurers for that purpose. Some utilization review bills would require insurers to provide their algorithms and data sets to State Departments of Insurance for compliance assessments. Although none of these bills passed this year, they are expected to be reintroduced in future sessions. ➡ Study Committees: AI-focused study committees aim to understand AI better and indicate growing legislative interest in proactive oversight of AI systems. While often seen as a legislative graveyard, these committees will likely study first movers like Colorado and New York to see if their approaches can serve as models for other states. ➡ Miscellaneous AI Restrictions: These include various other restrictions on AI use in insurance applications, such as in underwriting or claims management. Additionally, Marla and Manu point out that the National Association of Insurance Commissioners (NAIC) has created a Task Force on Third Party Models and Data, chaired by Colorado insurance commissioner, Michael Conway. Given Colorado's proactive and highly prescriptive stance on AI regulation, this chairmanship is particularly significant. On a recent call, the Task Force Chair said he aims to develop a framework to help states ensure that third-party data and models used to make decisions about consumers in insurance are fair. My Key Takeaways: State legislators are under significant pressure to protect the public from potential AI abuses. This will likely result in more AI-driven decisions being scrutinized for discrimination and more companies facing nondiscrimination obligations, not just in insurance, but in other domains too.

The video recording of the recent panel "VC Investment and the AI Ecosystem: Current Insights" is out! VC and AI professionals Bradley Tusk of Tusk Venture Partners, Prabhdeep Singh of Armory Square Ventures, Paula Brancato of Brancato Consulting, and Thor Ernstsson of ArcticBlue AI joined moderator Paul Ellis for an in depth conversation on challenges and opportunities in VC investment for Gen AI companies. #Founders #AI #VC

Did you know Uber wasn't legal to start with?!❌🚕 They had to fight with regulations and the taxi lobby to get you a cab at your fingertips. Bradley Tusk was involved in getting Uber legalized in the USA. The way they did it is very interesting, by using the power of their strong customer base that LOVED their product! I had the pleasure to host Bradley Tusk on VC10X to talk about the entire story & more. Full episode link in replies 👇 #uber #regulations #highlyregulated

Register now for “Investing in Public Safety: Modernizing the Law Enforcement Response Process.” Join Kodex’s CEO & Founder, Matt Donahue, as he chats with guest Bradley Tusk, Co-founder and Managing Partner of Tusk Venture Partners. Their discussion will shed light on the pressing issues surrounding the outdated and insecure processes currently used by law enforcement to legally request personal data from private companies during criminal investigations, as well as the sneaky tricks criminals use to impersonate law enforcement and steal personal information from some of the wealthiest companies in the world. This complementary webinar takes place Wednesday, July 17, at 11am pacific. Pre-registration is required, so please do register now. We look forward to having you with us! https://lnkd.in/e3BMgSxG #CyberSecurity #PublicSafety