Tech Brew Ride Home Wed. 03/13 – TikTok On The Brink?
4 snips
Mar 13, 2024 Legislation targeting TikTok has passed the House, but its Senate future remains murky. Meanwhile, the EU introduces groundbreaking AI regulations. Arm unveils new chips aimed at self-driving vehicles, and Cerebras showcases a revolutionary AI chip that challenges Moore's Law. Additionally, Spotify rolls out music videos, enhancing its platform, while AI startup Perplexity aims to integrate Yelp data to compete with traditional search engines.
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TikTok Ban Uncertain
- The US House passed a bill that could ban TikTok, but its fate in the Senate is uncertain due to constitutional concerns.
- Senator Rand Paul opposes the bill, potentially delaying or blocking its passage.
EU Passes AI Act
- The EU Parliament passed the AI Act, categorizing AI tech by risk level.
- This marks the first major global AI regulation, potentially influencing other countries.
Stripe's Success Story
- Stripe, a major unicorn, is in no rush to go public, boasting $1 trillion in payment volume last year.
- Co-founder John Collison stated they hit $1 billion in net revenue in Q3 2023 and are now cash flow positive.