Samsung Pulls the Plug on $2,899 Galaxy Z TriFold Due to High Costs, PayPal Expands PYUSD Stablecoin to 70 New Countries, and WhatsApp Tests ‘Guest Chats’ for Non-Users.
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Show Notes
Nvidia Projects $1 Trillion in AI Chip Orders
Nvidia CEO Jensen Huang announced at the GTC Conference that the company projects at least $1 trillion in orders for its Blackwell and upcoming Vera Rubin chips through 2027, an increase from the $500 billion previously projected through 2026. This massive forecast highlights the booming AI market, where Nvidia’s advanced chips are crucial. The Rubin chip, now in production, is a state-of-the-art AI accelerator expected to be 3.5 times faster for model-training and 5 times faster for inference than its Blackwell predecessor, with production ramping up in the second half of the year.
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Samsung Discontinues Galaxy Z TriFold
Samsung is reportedly discontinuing its expensive, three-panel Galaxy Z TriFold, beginning with a wind-down in Korea today, March 17th, and followed by a US discontinuation once the remaining inventory of the $2,899 device is sold out. This decision comes less than three months after its US launch due to high production costs and difficulty turning a profit, despite the estimated 6,000 units stocked and sold domestically in Korea quickly selling out. While the TriFold is vanishing, Samsung’s mobile business chief suggested that elements of its larger display and wider aspect ratio might be incorporated into future foldable phones.
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PayPal Expands PYUSD to 70 Countries
PayPal is significantly expanding the availability of its stablecoin, PYUSD, from the U.S. and U.K. to 70 new countries, including Uganda, Colombia, and Peru. This expansion allows customers in these regions to hold, send, and receive PYUSD, offering benefits like reduced cross-border transfer fees and a 4% annual reward on their holdings. This move is part of PayPal’s strategy to further integrate PYUSD across its services, following a recent five-fold increase in the stablecoin’s market capitalization to $4.1 billion.
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Mastercard to Acquire Stablecoin Firm BVNK
Mastercard is acquiring BVNK, a stablecoin payments infrastructure firm, for up to $1.8 billion (including $300 million in contingent payments) by late 2026. This acquisition is a strategic move to bolster Mastercard’s presence in blockchain-based transfers and digital payment systems, leveraging BVNK’s technology to integrate stablecoin capabilities for applications like cross-border remittances and business payments, positioning Mastercard to better compete in the evolving digital payments landscape.
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WhatsApp Tests “Guest Chats” Feature
WhatsApp is testing “guest chats” with select iOS and web beta users, allowing non-WhatsApp users to join a secure, end-to-end encrypted chat via a shared link. Originally on Android, guests must accept terms and enter a name on WhatsApp Web, where they are labeled “(Guest).” This feature, likely for user acquisition, is limited, excluding group chats, voice messages, attachments, and calls. Guest chats are automatically deleted after 10 days of inactivity, and a broader public launch timeline is unknown.
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Stryker Cyberattack Disrupts Operations
Medical device manufacturer Stryker experienced a cyberattack on March 11, claimed by the Iran-linked group Handala, that disrupted its business operations, including order processing, manufacturing, and shipments. The attack primarily affected remote Windows devices connected to the company’s network. Stryker has contained the attack, is prioritizing the restoration of customer-facing systems, and noted that no patient services or connected medical products were impacted, while also coordinating with authorities and cybersecurity experts on the investigation.
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Senators Push to Shut Down ByteDance AI Tool
Senators Marsha Blackburn and Peter Welch demand the immediate shutdown of ByteDance’s Seedance 2.0 AI video generator, calling it a threat to American intellectual property. They claim the AI was trained on copyrighted material without permission, citing examples like AI-generated superhero likenesses. The senators dismissed ByteDance’s suspension and safety pledges as a “delay tactic,” asserting this is part of a trend of AI companies stealing protected work. This has prompted a cease-and-desist from the Motion Picture Association and a proposed bipartisan bill to help artists protect their IP by accessing AI model training records.
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OpenAI Partners with AWS for Government AI Sales
OpenAI is now partnering with Amazon Web Services (AWS) to sell its AI models to U.S. defense and government agencies for classified and unclassified work. This replaces former contractor Anthropic, whose Pentagon contract was terminated for refusing unrestricted military use of its AI. The new deal, secured last month, reflects OpenAI’s strategic shift toward the defense sector and highlights the growing competitive advantage of securing government contracts through major cloud providers like AWS.
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Amazon Expands One-Hour and Three-Hour Delivery
Amazon is expanding its instant delivery services in the U.S. by introducing new one-hour and three-hour options for over 90,000 items, directly competing with services like Instacart and DoorDash. These services leverage Amazon’s existing fulfillment network to meet customer demand for speed, with the one-hour option available in hundreds of cities and the three-hour option expanding to over 2,000 U.S. locations.
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