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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.

WATCH: Microsoft announced $60 billion stock buyback program

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Robinhood CEO downplays OpenAI concerns on tokenized stock structure

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Robinhood CEO downplays OpenAI concerns on tokenized stock structure

Robinhood CEO defends OpenAI stock token offering

Robinhood CEO Vlad Tenev says it’s not “entirely relevant” that the trading platform’s so-called tokenized shares of OpenAI and SpaceX aren’t technically equity in the companies.

It comes after OpenAI raised concerns about the product, which is designed to give users in the European Union exposure to various U.S. stocks — including private companies, which are less liquid than publicly listed firms.

OpenAI last week warned that Robinhood’s stock tokens do not represent equity in the company and said in a post on X that, “any transfer of OpenAI equity requires our approval — we did not approve any transfer.”

Robinhood says its OpenAI stock tokens are “enabled by Robinhood’s ownership stake in a special purpose vehicle.”

“It is true that these are not technically equity,” Tenev, who co-founded Robinhood in 2013 with fellow entrepreneur Baiju Bhatt, told CNBC’s “Squawk Box Europe” Tuesday, echoing his initial response to OpenAI’s concerns.

Tenev said that OpenAI’s complex company structure enables institutional investors to gain exposure to the company through “various instruments, like equity upon the event of a conversion to a for-profit at a later date.”

OpenAI was initially founded as a non-profit organization. However, it has since evolved to include a for-profit entity, which is owned by the non-profit.

“In and of itself, I don’t think it’s entirely relevant that it’s not technically an equity instrument,” he said. “What’s important is that retail customers have an opportunity to get exposure to this asset” — even if it’s a private company — due to the disruptive nature of AI, he added.

Read more CNBC tech news

On Monday, the Bank of Lithuania, which is Robinhood’s lead authority in the European Union, told CNBC it was “awaiting clarifications” regarding the structure of the company’s stock tokens following OpenAI’s statement last week.

“Only after receiving and evaluating this information will we be able to assess the legality and compliance of these specific instruments,” Bank of Lithuania spokesman Giedrius Šniukas told CNBC. “The information for investors must be provided in clear, fair, and non-misleading language.”

Tenev said in response to the Lithuanian regulator’s comments that Robinhood is “happy to continue to answer questions from our regulators.”

“Since this is a new thing, regulators are going to want to look at it, and we’ve built this program in a way that we believe will withstand scrutiny — and we expect to be scrutinized as a large, innovative player in this space,” he told CNBC.

Watch CNBC's full interview with Robinhood CEO Vlad Tenev

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Southeast Asia needn’t take sides in US-China tech rivalry. It can learn from both, experts say

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Southeast Asia needn't take sides in US-China tech rivalry. It can learn from both, experts say

A woman holds a cell phone featuring the DeepSeek logo, with the Nvidia logo displayed in the background.

Nurphoto | Nurphoto | Getty Images

As China and the U.S. compete in artificial intelligence, Southeast Asia should draw from the best of both countries while building its own technologies, panelists said at CNBC’s East Tech West 2025 conference on June 27 in Bangkok, Thailand.

Julian Gorman, head of Asia-Pacific at mobile network trade organization GSMA, said it would be a negative development if Southeast Asia was forced to choose between either superpower. 

“Southeast Asia is very dependent on both economies, both China and America. I think it’s pretty hard to consider that they would go one way or the other,” Gorman said. 

“It’s very important that we continue to focus on not fragmenting the technology, standardizing it, and working so that technology transcends geopolitics and ultimately is used for good,” he added. 

The spread of U.S. and Chinese AI companies into new global markets has been a big trend this year as both Beijing and Washington seek more global influence in advanced technologies. 

U.S. and China offerings

According to George Chen, managing director and co-chair of digital practice for The Asia Group, Southeast Asia had initially been leaning towards AI models from the U.S., such as those from Google and Microsoft. 

However, the emergence of China’s DeepSeek has propelled the popularity of the company’s models in Southeast Asia due to its low cost and open-source licensing, which can be used to build on and adapt models to regional priorities. 

Open-source generally refers to software in which the source code is made freely available, allowing anyone to view, modify and redistribute it. Large language model players in China have been leaning into this business model since DeepSeek’s debut. 

Previous panels at East Tech West have flagged open-source models as an important tool for regions outside of China and the U.S. to build their own sovereign AI capabilities.

Meanwhile, on the hardware side, the U.S. remains a leader in AI processors through chip giant Nvidia. While the U.S. has restricted China’s access to these chips, they remain on the market for Southeast Asia – which Chen suggested the region continue to take advantage of. 

However, Chen noted that there is a possibility that the AI landscape could change dramatically in a decade, with China being able to provide more affordable alternatives to Nvidia. 

“Don’t take a side easily and too quickly. Think about how to maximize your economic potential,” he suggested. 

GSMA’s Gorman pointed out that facing this “balancing act” between the superpowers is not new for Southeast Asia. For example, the region’s mobility industry heavily relies on Chinese tech manufacturing and hardware, as well as the U.S. in other areas such as telecommunications.

Southeast Asia’s edge

Leader in AI regulation? 

According to GSMA’s Gorman, Southeast Asia can serve as a neutral ground between China and the U.S., where the two sides can come together and engage in high-level dialogues on how to apply AI responsibly.  

Southeast Asia can also play a proactive role in AI regulation itself, he said, citing recent examples of regulatory leadership from the region, such as Singapore’s Shared Responsibility Framework for tackling international scams and fraud. 

So far, there have been few global regulations on AI. While the EU has adopted a policy, the U.S. and ASEAN countries have yet to follow suit. 

Chen added that the region will need to band together and adopt common frameworks to gain a more prominent seat at the table of global AI development and regulation. 

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Tech founders call on Sequoia Capital to denounce VC Shaun Maguire’s Mamdani comments

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Tech founders call on Sequoia Capital to denounce VC Shaun Maguire's Mamdani comments

Almost 600 people have signed an open letter to leaders at venture firm Sequoia Capital after one of its partners, Shaun Maguire, posted what the group described as a “deliberate, inflammatory attack” against the Muslim Democratic mayoral candidate in New York City.

Maguire, a vocal supporter of President Donald Trump, posted on X over the weekend that Zohran Mamdani, who won the Democratic primary last month, “comes from a culture that lies about everything” and is out to advance “his Islamist agenda.”

The post had 5.3 million views as of Monday afternoon. Maguire, whose investments include Elon Musk’s SpaceX and X as well as artificial intelligence startup Safe Superintelligence, also published a video on X explaining the remark.

Those signing the letter are asking Sequoia to condemn Maguire’s comments and apologize to Mamdani and Muslim founders. They also want the firm to authorize an independent investigation of Maguire’s behavior in the past two years and post “a zero-tolerance policy on hate speech and religious bigotry.”

They are asking the firm for a public response by July 14, or “we will proceed with broader public disclosure, media outreach and mobilizing our networks to ensure accountability,” the letter says.

Sequoia declined to comment. Maguire didn’t respond to a request for comment, but wrote in a post about the letter on Wednesday that, “You can try everything you want to silence me, but it will just embolden me.”

Among the signees are Mudassir Sheikha, CEO of ride-hailing service Careem, and Amr Awadallah, CEO of AI startup Vectara. Also on the list is Abubakar Abid, who works in machine learning Hugging Face, which is backed by Sequoia, and Ahmed Sabbah, CEO of Telda, a financial technology startup that Sequoia first invested in four years ago.

At least three founders of startups that have gone through startup accelerator program Y Combinator added their names to the letter.

Sequoia as a firm is no stranger to politics. Doug Leone, who led the firm until 2022 and remains a partner, is a longtime Republican donor, who supported Trump in the 2024 election. Following Trump’s victory in November, Leone posted on X, “To all Trump voters:  you no longer have to hide in the shadows…..you’re the majority!!”

By contrast, Leone’s predecessor, Mike Moritz, is a Democratic megadonor, who criticized Trump and, in August, slammed his colleagues in the tech industry for lining up behind the Republican nominee. In a Financial Times opinion piece, Moritz wrote Trump’s tech supporters were “making a big mistake.”

“I doubt whether any of them would want him as part of an investment syndicate that they organised,” wrote Moritz, who stepped down from Sequoia in 2023, over a decade after giving up a management role at the firm. “Why then do they dismiss his recent criminal conviction as nothing more than a politically inspired witch-hunt over a simple book-keeping error?”

Neither Leone nor Moritz returned messages seeking comment.

Roelof Botha, Sequoia’s current lead partner, has taken a more neutral stance. Botha said at an event last July that Sequoia as a partnership doesn’t “take a political point of view,” adding that he’s “not a registered member of either party.” Boelof said he’s “proud of the fact that we’ve enabled many of our partners to express their respected individual views along the way, and given them that freedom.”

Maguire has long been open with his political views. He said on X last year that he had “just donated $300k to President Trump.”

Mamdani, a self-described democratic socialist, has gained the ire of many people in tech and in the business community more broadly since defeating former New York Gov. Andrew Cuomo in the June primary.

— CNBC’s Ari Levy contributed to this report.

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