Microsoft is announcing a new Surface Laptop Studio, along with the Surface Pro 8, Surface Go 3, a Surface Pro X with wi-fi and the second-generation Surface Duo smartphone.
Microsoft
Microsoft announced five new Surface products on Wednesday, including a laptop, three tablets and a new folding phone.
Microsoft doesn’t make a lot of money from hardware. Just 4% of the company’s revenue in the second quarter came from devices. The global PC market is led by Lenovo, HP, Dell and Apple, according to Gartner’s estimates.
While these enhancements might help maintain Surface revenue growth, it’s more likely they’ll promote the forthcoming Windows 11 operating system and Office productivity applications, both of which are more meaningful parts of Microsoft’s business, and inspire the work of fellow device makers.
Windows 11 comes out on Oct. 5, and the new PCs and phone Microsoft announced will launch at the same time. Pre-orders begin Wednesday in select markets. That means the devices are launching after the back-to-school shopping rush but will be coming in time for the holidays.
Here’s a rundown of the new Surface devices:
Surface Laptop Studio
Microsoft’s Surface Laptop Studio has a display you can tilt easily.
Microsoft
Microsoft announced its first Surface Laptop Studio computer, which draws inspiration from its all-in-one Surface Studio 2 desktop, which still hasn’t been refreshed since 2018. The $1,600 Surface Laptop Studio will replace Microsoft’s existing Surface Laptop and offers a new design.
It has a special hinge that lets you tilt the 14-inch display at an angle that covers the keyboard, which brings the screen closer and makes it easier to write on. Or, you can flip it over and use the Laptop Studio like a tablet. Unlike the Surface Laptop, however, the screen doesn’t detach.
Microsoft’s Surface Slim Pen 2 can be securely nestled near the bottom of the Surface Laptop Studio.
Jordan Novet | CNBC
Customers can conceal and charge the new $130 Surface Slim Pen 2 beneath the Surface Laptop Studio’s keyboard. The new Surface Pen has a finer point than the model it replaces and contains a motor that gives haptic feedback in response to events in some programs. A haptic trackpad on the computer provides a more pleasant clicking experience than previous Surface machines.
Surface Pro 8
Microsoft’s Surface Pro 8 has a new tray to securely store and charge the new Surface Slim Pen 2.
Microsoft
Microsoft also announced its flagship Surface Pro 8 tablet. The company reportedly delayed the release last year. The Surface Pro 8 starts at $1,100, compared with the $750 starting price of the Surface Pro 7, which came out in 2019.
The new model has a 13-inch display, which is larger than the 12.3-inch display on its predecessor, although the tablet is now slightly wider and heavier. The display has an adaptive color feature that adjusts the white balance to make viewing more comfortable. It’s been available on Apple’s MacBooks for years. The screen also has a dynamic refresh rate of up to 120Hz, which can help save battery life and makes scrolling smoother.
The Microsoft Surface Pro 8 with optional detachable keyboard.
Jordan Novet | CNBC
An optional $180 detachable keyboard has a spot to stow away and charge the new Slim Pen. Consumers can configure the new system with 11th-generation Intel Core chips and as much as 32GB of RAM. Microsoft said Pro 8 gets as much as 16 hours of battery life, compared with up to 10.5 hours on the Pro 7.
Surface Duo 2 phone
Microsoft’s Surface Duo 2 has a three-lens camera.
Microsoft
Microsoft’s first Surface Duo smartphone was a flop. It launched last year with buggy software and specs that were behind similarly priced phones. The new Surface Duo 2 delivers some of the features missing from last year’s model, like several new cameras, 5G support, near-field communications for mobile payments and stereo speakers. And it comes with the same Qualcomm Snapdragon 888 chip used in other flagship phones like Samsung’s latest Galaxy devices.
While the two screens of the Surface Duo are closed, the rounded edges of the glass can show the time, as well as the number of missed calls, Teams messages and text messages.
Jordan Novet | CNBC
Like last year’s version, the Surface Duo 2 opens up to reveal two 5.8-inch screens that can be used together. You might run one app on one screen and another on the opposite display, for example. Or, you can stretch a single app across both displays and take advantage of 8.3-inches of space.
The Surface Duo 2 features curved glass displays.
Microsoft
The displays have a 90hz refresh rate, which should make scrolling and moving around apps smoother. Another new feature: when closed, the phone will show small notifications along the hinge.
It still isn’t as water-resistant as other phones and doesn’t have wireless charging.
The Surface Duo 2 starts at $1,500, which is $100 more than the original. It will ship in white or black.
Surface Go 3
The Surface Go 3.
Microsoft
Microsoft refreshed its Surface Go 3, a miniature version of its Surface Pro tablet. It starts at $400, without the keyboard, and can be configured with up to an Intel Core i3 chip, which Microsoft says is 60% faster than the chip used in last year’s Surface Go 2.
The company said the Surface Go 3 gets up to 11 hours of battery life, while the older version got up to 10. A variant with built-in LTE connectivity will become available in the next few months but, notably, 5G support is missing.
Surface Pro X
Microsoft will release a wi-fi version of its Arm-based Surface Pro X.
Microsoft
Lastly, Microsoft announced a new Wi-Fi-only version of the Surface Pro X, a tablet that was first launched in 2019 with LTE cellular support. It’s the first version to come with just Wi-Fi and it costs $900, down just $100 from the original model, even though it has the same chip and lacks any other notable hardware changes.
But, Windows 11 will enable the device to run specific 64-bit apps through emulation. That could mean people will be able to run more apps than they could when the first model launched.
Quantum computing firm IQM says it’s raised $320 million of fresh funding to ramp up investments in technology and commercial growth.
The startup, which is headquartered in Espoo, Finland, was founded in 2018 by a team of scientists with the aim of building powerful quantum computers in Europe like the machines companies such as Google and IBM are building in the U.S.
Quantum computers are machines that use the laws of quantum mechanics to solve problems too complex for classical computers, which store information in bits (ones and zeroes). Quantum computers use quantum bits, or “qubits,” which can be zero, one or something in between — the aim being to process much larger volumes of data to facilitate breakthroughs in areas like medicine, science and finance.
IQM’s funding round was led by Ten Eleven Ventures, a U.S. cybersecurity-focused investment firm, while Finnish venture capital firm Tesi also invested. It gives the seven-year-old company “unicorn” status, meaning it’s valued at $1 billion or more, according to co-CEO and co-founder Jan Goetz.
The investment underscores heightened investor buzz around the quantum computing space. Shares of publicly-listed quantum firms like IonQ and D-Wave Quantum have seen huge rallies in the past year. IonQ stock is up nearly 480% in the last 12 months, while D-Wave Quantum’s shares have spiked over 1,400%.
“If you compare us directly to the companies which are Nasdaq-listed and take KPIs like people, revenue, patents, things like this, actually we are not behind. We can actually compete on this level,” Goetz told CNBC in an interview.
Goetz said that IQM has come a long way since the early days of building the company. The company has 350 employees globally and has built out finance and sales operations as well as a factory in Espoo where it builds its machines.
Europe vs. the U.S.
There are now a number of European companies working on quantum computers, including IQM, Pasqual and Quandela. However, they are yet to achieve the scale of their U.S. counterparts.
In a speech earlier this year, the European Commission’s tech chief Henna Virkkunen said that European quantum computing startups often struggle to scale due to a lack of private capital, noting that the European Union receives only 5% of global private funding compared to 50% for the U.S.
“If you just look at what is happening in Europe in these deep tech fields which come out of universities, naturally we have quite a lot of startups because we have so many good universities in Europe. But then it’s really hard to make them grow,” IQM’s Goetz said.
“Now I think there is a risk of, if you have very high valuations in companies in the U.S., that they just drive M&A consolidation using their high share price.” Indeed, IonQ in June announced it would buy U.K. quantum computing startup Oxford Ionics for nearly $1.1 billion in a deal consisting primarily of stock.
IQM has now sold a total of 15 quantum computers to date. The company sells two main products: its flagship machine, Radiance, and a more affordable quantum computer called Spark, which the company sells to universities.
Going forward, IQM is planning to move beyond just hardware. Goetz said the firm will use part of the cash it’s raised to develop a software platform aimed at making quantum computing accessible to developers who aren’t experts in the field.
The other main goal for IQM is global expansion, with plans to scale up commercial and sales operations in the U.S. and Asia. Goetz said IQM has sold two systems in Asia so far — one in Taiwan and the other in South Korea — and recently sold its first machine in the U.S.
While an initial public offering may be an option for IQM further down the line, Goetz insisted the company has no IPO plans for the moment, adding there are still “attractive routes” in the private markets for raising capital.
The ultimate goal, he said, is to “build a sustainable, profitable business and really make it a kind of company that’s there to stay and to shape the future of compute over a long time.”
“We will do whatever is necessary to make that happen,” Goetz added.
Sen. Rand Paul, R-Ky., does a TV interview in the Russell Senate Office Building on Tuesday, June 3, 2025.
Bill Clark | Cq-roll Call, Inc. | Getty Images
Sen. Rand Paul (R-Ky.) on Wednesday criticized the Trump administration’s decision to take a 10% stake in embattled chipmaker Intel, calling the investment “a step towards socialism.”
Intel announced last month that the U.S. government made an $8.9 billion investment in Intel common stock, purchasing 433.3 million shares at a price of $20.47 per share, giving it a 10% stake in the company. Intel noted that the price the government paid was a discount to the current market price.
Rand said government ownership is “a bad idea.”
“It’s always a mistake to say, ‘Well we have this one bad policy, all right, we’ll tolerate a little socialism, but we don’t want anymore,” Paul told CNBC’s “Squawk Box” on Wednesday. “I think it’s a bad idea.”
President Donald Trump said on Truth Social last month that the government’s stake in the chipmaker is a “great Deal for America, and, also, a great Deal for INTEL.”
Trump has taken an increasingly heavy hand in the private sector, raising concern among conservative lawmakers like Paul, who have long opposed big government. In August, the Trump administration said the government would take 15% of certain Nvidia and Advanced Micro Devices chip sales to China. The Pentagon bought a $400 million equity stake in rare-earth miner MP Materials.It also took a “golden share” in U.S. Steel as part of a deal to allow Nippon Steel to buy the U.S. industrial giant.
Among the most vocal supporters in Congress of Trump’s Intel proposal has been Sen. Bernie Sanders, the self-described democratic socialist from Vermont. Sanders, a longtime and vocal Trump critic, told news outlets last month that, “Taxpayers should not be providing billions of dollars in corporate welfare to large, profitable corporations like Intel without getting anything in return.”
But Rand said it’s not smart to involve the government in the free market.
“I worry that the free market movement, the movement that was a big part of the Republican Party, is being diminished over time,” Rand said.
German startup DeepL on Wednesday said it was expanding beyond artificial intelligence-powered translation into general AI agents focused on businesses.
The term “agent” refers to an AI tool that can carry out tasks in the background in response to user prompts.
DeepL Agent is designed to complete “repetitive, time-intensive tasks across a wide variety of functions” according to the company. It can responds to natural langauge commands from a users. DeepL Agent can be used in various teams from human resources to marketing, the company added.
Agents or agentic AI have become buzzwords in the technology industry, underscoring how companies see how these digital assistants automating more mundane tasks. Companies such as Microsoft with Co-Pilot and Anthropic’s Claude are products focused on the enterprise customer.
The move is a step beyond what DeepL, which is valued at $2 billion, has focused on since it was founded in 2017. It potentially pits the company against major AI players like Anthropic, OpenAI and Microsoft, which are targeting enterprise customers.
DeepL CEO Jarek Kutylowski told CNBC on Wednesday that the company’s agent was a natural extension of its translation product.
“We found out that the technology is as capable of helping you whenever you’re doing research or whatever you’re doing,” Kutylowski said.
“All of those tedious tasks in your office when you have to switch between different systems and take some data from one system, put it into another one, AI, and those autonomous agents, and the DeepL Agent in particular, can help solve so much better.”
DeepL’s translation product is based on its self-developed large language models. Kutylowski said DeepL Agent is based on its own models, as well as on those available “externally” from other providers.
While there are a large number of companies advertising AI agents, the market is still in a very early stage. Overall investor interest in AI companies is meanwhile still high. Amazon-backed Anthropic on Tuesday announced a funding round that put the firm at a $183-billion post-money valuation.
Technology listings appear to be gathering steam, with both fintech firm Klarna and crypto exchange Gemini this week unveiling details of their upcoming initial public offerings.
Against this backdrop, CNBC asked Kutylowski if DeepL was considering an IPO, to which he responded: “That’s not a short term plan that we would be considering right now.”