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TIKTOK BAN BILL SEES UNANIMOUS 50-0 HOUSE COMMITTEE VOTE

Bay Area Times
March 08, 2024



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Top stories today:

 1. TikTok ban bill sees unanimous 50-0 House committee vote
 2. Inflection 2.5 launches, underperforms GPT-4 in testing scores
 3. Huawei 7nm chip breakthrough in 2023 relied on U.S. technology
 4. Rivian announces R2/R3 electric SUVs, $45K+, coming 2026+
 5. Instagram surpasses TikTok in worldwide downloads

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0. DATA AND CALENDAR

All values as of 6 AM ET / 3 AM PT, other than S&P500 and NASDAQ close (4 PM ET
/ 1 PM PT).

All times are ET.


1. TIKTOK BAN BILL SEES UNANIMOUS 50-0 HOUSE COMMITTEE VOTE

The vote follows a lobbying effort by TikTok, which included sending prompts to
users urging them to contact their member of Congress:

TikTok screenshot.

 * The House Energy & Commerce Committee voted 50-0 to pass legislation to force
   ByteDance to divest TikTok within 165 days or face a U.S. ban.

 * Some lawmakers said they had to turn their phones off, due to an extremely
   high number of calls.


2. INFLECTION 2.5 LAUNCHES, UNDERPERFORMS GPT-4 IN TESTING SCORES

Inflection.

 * 1M DAUs, 6M MAUs.

 * In contrast, Anthropic’s Claude 3 and Google’s Gemini have caught up to
   OpenAI’s GPT-4.


OUR VIEW: GPT-5 IS THE MOST LIKELY CANDIDATE TO SIGNIFICANTLY IMPROVE UPON GPT-4

 * Llama 3 is also a possibility, although most likely they will just become the
   top open-source LLM.

 * Significant improvements upon the Transformers architecture are likely
   necessary to achieve anything close to an actual AGI.


3. HUBSPOT SURVEY: AI HELPS SALES TEAMS BE MORE EFFICIENT, BETTER UNDERSTAND
CUSTOMERS*

HubSpot survey.


AI IS EXPECTED TO MAKE IT EASIER TO SELL, MORE THAN SHORTEN SALES CYCLES

HubSpot survey.

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 * Leverage data analytics to optimize sales approaches and increase revenue.

 * Implement sales performance metrics to track performance and drive growth.

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*Sponsored.


4. HUAWEI 7NM CHIP BREAKTHROUGH IN 2023 RELIED ON U.S. TECHNOLOGY

Illustration of Huawei leveraging U.S. companies for chip development.




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