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Pictured here is an Apple flagship store in Beijing, China, on the day of the iPhone 16 launch on Sept. 20, 2024. The iPhone 16 Pro Max starts at $1,199, and the iPhone 16 at $799. Huawei's trifold Mate XT starts at the equivalent of more than $2,800. The Apple iPhone 16 Pro Max was selling for 10,500 yuan to 16,300 yuan, the site showed. Earlier in the day, the listed resale Mate XT price was 19,000 yuan, while the Apple iPhone 16 Pro Max was selling for 9,999 yuan, the site showed.

Persons: pricier, Max, Huawei's Organizations: Apple, Bloomberg, Getty, CNBC, XT, Huawei Locations: Beijing, China, BEIJING, . U.S

Read previewThe new AI iPhone is officially available in Apple stores, hitting shelves in almost 60 countries around the world on Friday. The iPhone 16 is the first phone to launch in Apple's new era of artificial intelligence. Although the iPhone 16 won't come straight out of the box with Apple Intelligence, it's one of only two iPhone generations that's compatible with the software. They had pre-ordered the iPhone 16 for themselves and their friends. AdvertisementQueues outside Apple store in Singapore 1 hour into store opening.

Persons: —, there's, Shubhangi Goel, Apple Organizations: Service, Apple, Apple Intelligence, Business, Control, BI, Orchard, Samsung, Huawei, Apple Watch, Lines, Regent, Apple's Regent Locations: Orchard, Singapore, Vietnam, Sri Lanka, India, London, Apple's, Covent Garden, Covent, Europe, Mumbai, Hangzhou, China

☆ Apple's new iPhone 16 just hit stores. Customers told us why they bought it.
▼ + stars: | 2024-09-20 | by ( Sarah Jackson | ) www.businessinsider.com time to read: +4 min

Read previewThousands upon thousands of people descended on Apple stores around the world on Friday morning to get their hands on the new iPhone 16. Saul Campos, who said he also purchases a new iPhone each year, got the new iPhone for the same reason. AdvertisementCruz writes for a tech publication, but said that she wasn't at the Apple store as a member of the media. Related storiesFilm director RD Alba, who shoots with iPhones, says the changes in the iPhone 16 might seem relatively minor but "Apple Intelligence will go a long way." One new iPhone 16 owner, Sven Korać, marks a return to the iPhone with his purchase.

Persons: —, they're, Saul Campos, Analie Cruz, Cruz, I've, RD Alba, iPhones, Alba, Tim Cook, Cook, Jimmy Fallon, Sven Korać, Korać, Tim Organizations: Service, Apple, Apple's, Business, Apple Intelligence, Huawei Locations: New York, Croatia

☆ Huawei releases iPhone 16 rival
▼ + stars: | 2024-09-20 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHuawei releases iPhone 16 rivalCNBC's Eunice Yoon joins 'Squawk Box' from Beijing with the latest news.

Persons: CNBC's Eunice Yoon Organizations: Huawei Locations: Beijing

☆ China would love a domestic Nvidia rival — but that's proving quite the challenge
▼ + stars: | 2024-09-19 | by ( Arjun Kharpal | ) www.cnbc.com time to read: +4 min

The U.S. government has restricted the export of Nvidia's most advanced chips to China since 2022, with restrictions tightening last year. "These companies have made notable progress in developing AI chips tailored to specific applications (ASICs)," Wei Sun, a senior analyst at Counterpoint Research, told CNBC. China's key challengesThe flags of China and the USA are being displayed on a smartphone, with an NVIDIA chip visible in the background. Huawei leading the packTriolo identified Huawei as one of the leaders in China with its Ascend series of data center processors. In its annual report earlier this year, Nvidia explicitly identified Huawei, among other companies, as a competitor in areas such as chips, software for AI and networking products.

Persons: Nvidia's, China's, Wei Sun, Paul Triolo, Albright Stonebridge, SMIC, TSMC, Triolo, Chip IPOs Organizations: Nvidia, CNBC, Huawei, Alibaba, Baidu, Technology, Counterpoint Research, NVIDIA, Nurphoto, Wall Locations: Beijing, wean, China, U.S, USA, SMIC

☆ China's Alibaba launches over 100 new open-source AI models, releases text-to-video generation tool
▼ + stars: | 2024-09-19 | by ( Arjun Kharpal | ) www.cnbc.com time to read: +2 min

The newly-released models, known as Qwen 2.5, are designed for use in applications and sectors ranging from automobiles to gaming and science research, Alibaba said. AI models are trained on huge amounts of data. By open sourcing the models, Alibaba hopes more users will use its AI. Alibaba also launched a new text-to-video tool based on its AI models. "Alibaba Cloud is investing, with unprecedented intensity, in the research and development of AI technology and the building of its global infrastructure," Eddie Wu, CEO of Alibaba, said in a statement.

Persons: Alibaba, Max, Sora, Eddie Wu Organizations: Baidu, Huawei, titans, Microsoft, Max Locations: Nanjing, Jiangsu province, China, Hangzhou

☆ Huawei's new trifold smartphone is being released tomorrow, and it's already creating a frenzy on resale sites
▼ + stars: | 2024-09-19 | by ( Lian Kit Wee | ) www.businessinsider.com time to read: +1 min

Huawei's new smartphone is being listed on resale sites for three times its retail price. The Mate XT will feature a tri-fold design and have generative AI features. Go to newsletter preferences Thanks for signing up! download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . Huawei's new trifold smartphone, the Mate XT, is set to hit stores on Friday.

Persons: —, it's, Lin Shen Organizations: Service, Huawei, South China Morning, Business

☆ Behind China's push to find a domestic alternative to Nvidia
▼ + stars: | 2024-09-19 | by ( Arjun Kharpal | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBehind China's push to find a domestic alternative to NvidiaHuawei is among the Chinese companies looking to create a viable alternative to Nvidia's semiconductors for artificial intelligence. CNBC's Arjun Kharpal runs through some of the key players in China and the mounting challenges they face.

Persons: CNBC's Arjun Kharpal Organizations: Nvidia Huawei Locations: China

☆ China seeks a homegrown alternative to Nvidia — these are some of the companies to watch
▼ + stars: | 2024-09-17 | by ( Arjun Kharpal | ) www.cnbc.com time to read: +5 min

This has renewed focus on China's homegrown efforts to rival Nvidia and create semiconductors that can underpin the world's second-largest economy's own AI industry. Huawei then sells these chips as a part of servers that go into data centers to train AI models. Alibaba and BaiduAlibaba and Baidu both buy Nvidia chips but they are also designing their own semiconductors for AI processes. Inference is the process that follows the training of AI models, as it refers to the actual application of AI in the real world, such as a chatbot responding to user queries. Moore ThreadsMoore Threads, founded in 2020, is developing GPUs designed to train large AI models.

Persons: Paul Triolo, Albright Stonebridge, Baidu Alibaba, Wei Sun, Moore, KUAE, ByteDance Organizations: Istock, Getty, Nvidia, CNBC, Huawei Huawei, Huawei, Wall, Alibaba, Baidu, Counterpoint Research, Biren, Technologies, China Morning, Cambricon Technologies, U.S, Sequoia, GGV Locations: China, U.S, Beijing, Washington, Shenzhen, Biren's

☆ Cooling needs and more: Jefferies names global stocks to buy driven by AI data center demand
▼ + stars: | 2024-09-17 | by ( Weizhen Tan | ) www.cnbc.com time to read: +3 min

That also means that AI data centers are growing fast — as is the demand for them. That in turn is set to drive up the demand for cooling systems for data centers. We believe the demand for liquid cooling for AI data centers should sustain for the following 5-10 years, driven by continuous iteration of AI chips and rising heat dissipation requirements," Jefferies said in a Sept. 10 report. Cooling services have been said to improve power efficiency in data centers and, by extension, cost efficiency. Envicool Technology : Jefferies expects data center cooling sales in Southeast Asia to contribute one-third of such sales for the Chinese firm.

Persons: Jefferies, — CNBC's Michael Bloom Organizations: Jefferies, Stock, Schneider Electric, Technology, PSU, Nvidia Locations: China, Southeast Asia

☆ Biden administration expected to unveil new evidence of RT’s key role in Russian intelligence operations globally
▼ + stars: | 2024-09-13 | by ( Kylie Atwood | Sean Lyngaas | ) edition.cnn.com time to read: +3 min

CNN —The Biden administration is expected on Friday to announce a major effort to blunt the global influence of RT and expose what it says is the Russian state media network’s key role in the Kremlin’s global intelligence and influence operations, according to a senior administration official and three other sources familiar with the matter. A key finding from the new US intelligence is that, for more than a year, the Russian government has quietly embedded an intelligence-gathering unit within RT that is focused on influence operations globally, one of the sources familiar said. That activity has been part of US officials described as a big expansion of RT’s role as an arm and mouthpiece of the Kremlin abroad. The activity goes beyond propaganda and covert influence operations to even include military procurement, the source said. The US believes RT propaganda and disinformation has been key to generating pro-Russia reactions to the Ukraine war globally, the senior administration official said.

Persons: CNN —, Biden, “, –, RT, Trump, Joe Biden Organizations: CNN, State Department, Kremlin, of Justice, UN, Assembly, US Department of Justice, US, European Union, Saharan Africa RT, Huawei Locations: Russian, Russia, America, Ukraine

☆ China wants to challenge the U.S. in AI — here's what Chinese giants are doing with the tech
▼ + stars: | 2024-09-12 | by ( Arjun Kharpal | ) www.cnbc.com time to read: +4 min

Generative AI includes applications like OpenAI's ChatGPT, which has the ability to generate text, images and even video based on user prompts. These applications are powered by large AI models which are trained on huge amounts of data, such as Google's Gemini. Chinese technology firms have had to tread carefully in releasing their technology as Beijing has strict requirements for AI models and their uses. CNBC runs through the big Chinese AI models developed by the country's biggest tech firms. It has created a number of AI models aimed at customers in specific industries including government, finance, manufacturing, mining, and meteorology.

Persons: catchup, ERNIE Baidu, Ernie Bot, OpenAI's, Baidu, Ernie, Alibaba, Qianwen, Tencent, Hunyuan, Doubao Organizations: Istock, Getty, U.S, CNBC, Baidu, Huawei, Pangu Huawei Locations: China, Alibaba, U.S . China, Beijing

☆ Samsung Electronics plans global job cuts of up to 30% in some divisions: Reuters, citing sources
▼ + stars: | 2024-09-12 | by ( ) www.cnbc.com time to read: +3 min

Samsung Electronics, the world's top maker of smartphones, TVs and memory chips, is cutting up to 30% of its overseas staff at some divisions, three sources with direct knowledge of the matter told Reuters. The sources declined to be named because the scope and details of the job cuts remained confidential. Samsung Electronics , the world's top maker of smartphones, TVs and memory chips, is cutting up to 30% of its overseas staff at some divisions, three sources with direct knowledge of the matter told Reuters. The job cuts come as Samsung grapples with mounting pressure on its key units. One of the sources familiar with the plans said the job cuts were being made in preparation for a slowdown in global demand for technology products as the global economy slows.

Persons: Samsung's, Samsung Organizations: Samsung Electronics, Reuters, Samsung, Manufacturing, South Korean, SK Hynix, Apple, Huawei Locations: Americas, Europe, Asia, Africa, South Korea, India, China

☆ Huawei launches trifold phone
▼ + stars: | 2024-09-11 | by ( Arjun Kharpal | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHuawei launches trifold phoneHuawei launched the first ever so-called trifold phone as it steps up its challenge to Apple in China. CNBC's Arjun Kharpal breaks down the details.

Persons: CNBC's Arjun Kharpal Organizations: Huawei, Apple Locations: China

☆ Analyst discusses Huawei's new trifold phone which has racked up 3 million pre-orders
▼ + stars: | 2024-09-10 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailAnalyst discusses Huawei's new trifold phone which has racked up 3 million pre-ordersMartin Yang, senior analyst of emerging technologies at Oppenheimer & Co., discusses Huawei's new trifold phone and some of its limitations as it goes head-to-head with Apple.

Persons: Martin Yang Organizations: Oppenheimer, Co, Apple

☆ A trade that wins if Apple shares continue to break down following iPhone event
▼ + stars: | 2024-09-10 | by ( Nishant Pant | ) www.cnbc.com time to read: +3 min

Moreover, shortly after Apple introduced the iPhone 16 , Chinese smartphone manufacturer Huawei launched its tri-fold phone, the Mate XT. This device garnered significant attention, securing more than 2 million pre-orders within just a few hours of its release. The trade The trade structure I'm employing is known as a "bear put spread." THIS CONTENT IS PROVIDED FOR INFORMATIONAL PURPOSES ONLY AND DOES NOT CONSITUTE FINANCIAL, INVESTMENT, TAX OR LEGAL ADVICE OR A RECOMMENDATION TO BUY ANY SECURITY OR OTHER FINANCIAL ASSET. BEFORE MAKING ANY FINANCIAL DECISIONS, YOU SHOULD STRONGLY CONSIDER SEEKING ADVICE FROM YOUR OWN FINANCIAL OR INVESTMENT ADVISOR.

Persons: Tim Cook, AAPL, Nishant Pant Organizations: Apple, Huawei, AAPL, CNBC, NBC UNIVERSAL Locations: AAPL

☆ IDC: Huawei needs an AI story to compete with Apple
▼ + stars: | 2024-09-10 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailIDC: Huawei needs an AI story to compete with AppleNavkendar Singh IDC discusses the dueling new product releases by tech giants Apple and Huawei.

Organizations: IDC, Huawei, Apple Navkendar Singh IDC, Apple

☆ Huawei launches $2,800 trifold phone hours after Apple debuts iPhone 16
▼ + stars: | 2024-09-10 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +1 min

Richard Yu, a Huawei executive director overseeing consumer products, reveals the price for the company's trifold Mate XT smartphone on Tuesday, Sept. 10, 2024. BEIJING — Chinese smartphone company Huawei said Tuesday its trifold smartphone will start at the equivalent of more than $2,800. That's the same day Apple's new iPhone 16 series is due to launch in stores, including in China. On Monday stateside, Apple announced its iPhone 16 Pro Max will start at $1,199, and the iPhone 16 at $799. iPhone 16 users as well as those of the iPhone 15 Pro and Pro Max can use the new functions.

Persons: Richard Yu, Max, XT Organizations: Huawei, Apple, Apple Intelligence Locations: BEIJING, China

☆ Apple failed to mention one pretty big iPhone concern at its Glowtime event — and that's a problem
▼ + stars: | 2024-09-10 | by ( Jordan Hart | ) www.businessinsider.com time to read: +3 min

Analysts have predicted a "golden upgrade cycle" for Apple following the official launch of the iPhone 16, complete with AI capabilities. Still, execs didn't mention the massive market — where its iPhone sales have struggled in 2024 — at the Glowtime event. AdvertisementThe reported partnership with Baidu "will fill in a missing piece of the AI puzzle in the key China market," Wedbush Securities analysts wrote in a Monday note. Apple's Chinese smartphone competitors aren't letting up in their pursuit of dethroning the giant. Related storiesApple may be experiencing a slip in smartphone sales in China, but Huawei saw its sales leap 69.7% in the first three months of 2024.

Persons: —, OpenAI, Max, It's Organizations: Service, Analysts, Apple, Business, Huawei, Street Journal, Apple Intelligence, preorder, Baidu, Wedbush Securities Locations: China, —, Greater China

☆ In Huawei’s battle against Apple, chips are still a weakness, says analyst
▼ + stars: | 2024-09-10 | by ( Dylan Butts | ) www.cnbc.com time to read: +1 min

Illustration of a user browsing booking information for Huawei's new foldable mobile phone in Suqian, Jiangsu province, China, Sept 8, 2024. As Huawei tries to upstage Apple 's new iPhone with the launch of its own 'trifold phone' on Tuesday, its chip capabilities remain a weakness, despite recent breakthroughs, according to one analyst. Speaking to CNBC's "Squawk Box Asia" on Tuesday, Martin Yang, senior analyst of emerging technologies at Oppenheimer & Co., said Huawei's chip remains two or three years behind the cutting edge. On the back of this success, Huawei has been able to take back market share from Apple in China, the largest smartphone market in the world. However, unlike with the Mate 50, Huawei has not announced a big chip breakthrough for its latest phone launch.

Persons: Martin Yang, Yang Organizations: Huawei, Oppenheimer, Co, Apple Locations: Suqian, Jiangsu province, China

☆ Apple's China rival Huawei just upstaged the iPhone 16 launch
▼ + stars: | 2024-09-10 | by ( Hasan Chowdhury | ) www.businessinsider.com time to read: +5 min

This year, however, one of its top rivals in China has tried to rewrite the script. To make its challenge even clearer, Huawei is putting the Mate XT on sale in stores on September 20 — the same day the iPhone 16 will be available in China. Huawei's Mate XT will go on sale the same day as the iPhone 16 in China. AdvertisementFor some time now, Apple has anxiously been watching iPhone sales tumble in China. AdvertisementBut in the meantime, iPhones without AI could prove to be a tougher sell in China in the face of stiff competition.

Persons: —, Jamie MacEwan, MacEwan, raring, Gene Munster, Richard Windsor —, Apple Organizations: Service, Huawei, Business, Apple, Enders Analysis, Apple Intelligence, Deepwater Asset Management, Radio Free Mobile, Windsor Locations: China

☆ Huawei's trifold phone gets 2.7 million pre-orders ahead of Apple's iPhone 16 launch
▼ + stars: | 2024-09-09 | by ( Evelyn Cheng | ) www.cnbc.com time to read: 1 min

Huawei is planning to release a three-fold smartphone on Sept. 10, just hours after Apple's scheduled new iPhone launch. BEIJING — Huawei has received more than 2.7 million pre-orders for its trifold smartphone, its website showed on Monday. The Chinese company began pre-orders for its Mate XT midday on Saturday. That was more than two days ahead of Apple's planned iPhone 16 launch early morning Tuesday Beijing time. The company has yet to share a price for the Mate XT.

Organizations: Huawei, Beijing, Apple Locations: BEIJING, Beijing, China

☆ Apple is officially about to enter the next stage of its AI era at the Glowtime event
▼ + stars: | 2024-09-09 | by ( Jordan Hart | ) www.businessinsider.com time to read: +4 min

Go to newsletter preferencesSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewApple is gearing up to announce a new lineup of devices at its Glowtime event Monday. All eyes have been on the tech giant since it unveiled Apple Intelligence at its Worldwide Developers Conference in June. The tech giant is also expected to launch new models of AirPods and the Apple Watch. Advertisement"We believe the excitement over Apple Intelligence can potentially accelerate hardware replacement and enable market share gain for iPhone, iPad, and Mac," Oppenheimer strategists said in a note.

Persons: —, Dan Ives, Greg Joswiak, Gadjo Sevilla, Mark Gurman isn't, Gurman, Midlevel, Oppenheimer Organizations: Service, Apple Intelligence, Worldwide Developers Conference, Business, Wedbush Securities, Apple, Google, Huawei, Bloomberg, Apple Watch Locations: California, China

☆ Mate XT: China’s Huawei set to launch new tri-fold smartphone, its answer to Apple’s iPhone 16
▼ + stars: | 2024-09-09 | by ( Juliana Liu | ) edition.cnn.com time to read: +4 min

Successful sales of the Mate XT tri-fold smartphone, which began pre-orders on Saturday, would be another indication of the company’s sustained resurgence. It also comes after Chinese smartphone makers dominated the top five spots domestically on a quarterly basis for the first time ever, she said, pushing Apple to sixth place. “The close timing of Huawei and Apple’s product launches signals the start of a new competitive wave in the Chinese premium market,” Liu told CNN. Apple said that generative AI, like ChatGPT, on its iPhone 16 would allow users to create text and images with natural-language prompts. Last year, it launched an electric sedan to take on Tesla’s Model S. And it has big ambitions in AI.

Persons: Hong Kong CNN —, Richard Yu, ”, Amber Liu, ” Liu, Apple, Liu, Yu, It’s Organizations: Hong Kong CNN, Huawei, Apple, CNN, Counterpoint Research, Google, Nvidia Locations: China, Hong Kong, Shenzhen, Washington, Beijing, Weibo

☆ Huawei's new trifold phone got more than 2 million preorders in a few hours, just before Apple is set to announce new iPhones
▼ + stars: | 2024-09-09 | by ( Shubhangi Goel | ) www.businessinsider.com time to read: +3 min

Read previewOne of China's top smartphone makers raked in 2.8 million preorders for its latest phone just one day after reservations began — even before people learned its price. Huawei's Mate XT, a trifold smartphone, is set to be unveiled during an event on Tuesday in China. On Huawei's online sales platform, which is selling the device in two colors, nearly 3 million people had registered interest at publication time. While pricing for the latest phone, which folds twice, is not known, Huawei has recently been competing with Apple in the same price territory. According to data compiled by third parties, Apple has recently fallen off the list of the top five best-selling smartphone makers in China.

Persons: —, Xiaomi Organizations: Service, Business, Apple, Huawei, IDC Locations: China, Shenzhen

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