In This Month, Amplified, May 2024, David Gritz, co-Founder and Managing Director of InsurTech NY, discussed several critical topics including the U.S. Chips Act, China's technological advancements, and the state of public companies in the U.S. Gritz highlighted the significant yet potentially insufficient impact of China’s $47 billion U.S. fund on the global semiconductor industry. He pointed out China's strategic long-term investments in technology, which, despite currently lagging behind the U.S., aim to close the gap. They also touched on the declining number of public companies in the U.S., emphasizing the importance of public investments for economic democracy and how platforms like Sweater and Allocate are working to democratize venture capital.
The conversation further explored issues in the U.S. aviation industry, where David underscored the deteriorating customer service and the importance of new legislation ensuring compensation for canceled flights. They delved into the rise of parametric insurance, which offers more efficient claims processes for certain types of events. Finally, they discussed the legal charges against Hunter Biden, viewing it as a test of the U.S. justice system's independence. Throughout the episode, a recurring theme was the human element in policy and technology, emphasizing the far-reaching consequences of decisions made by individuals and governments.



