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Top stories today:
- TikTok ban bill sees unanimous 50-0 House committee vote
- Inflection 2.5 launches, underperforms GPT-4 in testing scores
- Huawei 7nm chip breakthrough in 2023 relied on U.S. technology
- Rivian announces R2/R3 electric SUVs, $45K+, coming 2026+
- Instagram surpasses TikTok in worldwide downloads
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
1M DAUs, 6M MAUs.
In contrast, Anthropicās Claude 3 and Googleās Gemini have caught up to OpenAIās 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.
AI is expected to make it easier to sell, more than shorten sales cycles
Leverage data analytics to optimize sales approaches and increase revenue.
Implement sales performance metrics to track performance and drive growth.
Streamline sales processes with automation tools for increased efficiency and productivity.
*Sponsored.
4. Huawei 7nm chip breakthrough in 2023 relied on U.S. technology
Illustration of Huawei leveraging U.S. companies for chip development.
