The USB-C to Display Port 1.4 HBR3 cable fixed the problem.
Intel did come out with 2 additional versions of the Iris Plus Graphics card:
* 27.20.100.8336 <- I tested this one but it failed
* 27.20.100.8425 <- I have not tested this one
My setup:
Surface Laptop 3 with Microsoft docking station (latest firmware)
Windows 10 2004
Samsung LC49RG90SSEXXY