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A Huawei Technologies Mate XT smartphone arranged in Hong Kong on Sep. 24, 2024.

Lam Yik | Bloomberg | Getty Images

Huawei launched its trifold smartphone outside of China on Tuesday, as it plots a comeback in international markets after getting hammered by U.S. sanctions.

The Mate XT will have a starting price tag of 3,499 euros ($3,660). Huawei has yet to announce in which countries the model will be available, but the company has told users to look out for local announcements.

The handset was first released in China last year and drew global intrigue for being the first ever trifold phone. Normal foldable devices can be folded once in half either vertically or horizontally. The Mate XT has two points at which it can fold and can display content on a single, double or triple screen.

Huawei was once the biggest smartphone player in the world and challenged Apple and Samsung in the premium segment of the market.

U.S. sanctions beginning in 2019 cut off Huawei’s access to advance chips and Google’s Android operating system, causing its market share to plunge. It was all but wiped out from international markets as other brands filled the gap. Huawei’s smartphone market share outside of China stands at just 0.3%, according to data from research firm International Data Corporation.

However, in China, Huawei’s market share grew to 17% in 2024 from 12% the year before, according to the IDC, thanks to a comeback that began late in 2023 when it released a smartphone containing a fairly advanced chip. The component surprised many because U.S. sanctions over the past few years have sought to cut China’s access to advanced semiconductor technology.

Huawei is hoping to bring that momentum to its overseas market, focusing on high-end devices.

Francisco Jeronimo, vice president for data and analytics at IDC, told CNBC that the the Mate XT will not be sold in large volumes and is likely aimed at those wanting to show off that they can afford such a pricey device.

“I think what they [Huawei] believe that the trifold can be a unique value proposition and because it is very expensive, they aim to target wealthy individuals who are more keen on showing off they have the money versus having the best experience you can get,” Jeronimo said.

Still, even if Huawei were to sell half a million units of the Mate XT, it could generate $1.5 billion in revenue, Jeronimo added.

The Mate XT will be a test of Huawei’s appeal outside of China. For one, it will not be using Google’s Android operating system, which is the most popular in the world.

While users of Android phones can access millions of apps via the Google Play Store, Huawei’s app store does not offer some of the most popular Google apps that people outside of China rely on, which could hamper the Mate XT’s appeal.

“Lack of Google still is a ‘gaping hole’ for mainstream international market especially those who will pay top dollar for a tri-fold hardware but which want to run Netflix or Google’s Play Store or the latest cutting edge GenAI Google Gemini features,” Neil Shah, partner at Counterpoint Research, told CNBC.

Gemini is Google’s artificial intelligence chatbot.

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Amazon to gain creative control of James Bond franchise from Broccoli family

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Amazon to gain creative control of James Bond franchise from Broccoli family

Daniel Craig stars as James Bond in “No Time To Die.”

Source: MGM

Amazon is set to take creative control over the lucrative James Bond movie franchise from the Broccoli family, the company announced Thursday.

The James Bond films have long been produced by Michael Wilson and Barbara Broccoli, who inherited the control from their father Albert “Cubby” Broccoli. Wilson and Broccoli will now give creative control to MGM Studios, which Amazon acquired for $8.45 billion in 2021.

Amazon gained distribution rights to the Bond franchise after the MGM acquisition, but not creative control.

As part of the deal, Amazon’s MGM Studios, Wilson and Broccoli formed a new joint venture to house the Bond intellectual property rights, and they will remain co-owners of the franchise.

“We are grateful to the late Albert R. Broccoli and Harry Saltzman for bringing James Bond to movie theatres around the world, and to Michael G. Wilson and Barbara Broccoli for their unyielding dedication and their role in continuing the legacy of the franchise that is cherished by legions of fans worldwide,” said Mike Hopkins, Amazon’s head of Prime Video and MGM Studios, in a statement. “We are honored to continue this treasured heritage, and look forward to ushering in the next phase of the legendary 007 for audiences around the world.”

Wilson and Broccoli said in a release that they are both stepping back from producing the Bond films to focus on other projects.

“Barbara and I agree, it is time for our trusted partner, Amazon MGM Studios, to lead James Bond into the future,” Wilson said.

In a nod to the deal, Amazon founder and Executive Chairman Jeff Bezos wrote in a post on X, “Who’d you pick as the next Bond?”

The Bond film franchise, which spans more than 60 years, is one of the highest-grossing series in history.

The valuable IP stands to be a boon for Amazon’s sprawling media and entertainment business, which includes the Prime Video streaming service. Prime Video is one of the key perks of Amazon Prime, the company’s mainstay subscription service that costs $139 a year. As of 2021, the company said it had more than 200 million Prime subscribers worldwide.

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OpenAI tops 400 million users despite DeepSeek’s emergence

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OpenAI tops 400 million users despite DeepSeek's emergence

Brad Lightcap of OpenAI.

Courtesy: OpenAI

OpenAI appears to be growing quickly despite increasing competition. 

The San Francisco-based tech company had 400 million weekly active users as of February, up 33% from 300 million in December, the company’s chief operating officer, Brad Lightcap, told CNBC. These numbers have not been previously reported.

Lightcap pointed to the “natural progression” of ChatGPT as it becomes more useful and familiar to a broader group of people.

“People hear about it through word of mouth. They see the utility of it. They see their friends using it,” Lightcap said in an interview, adding that it takes time for individuals to find use cases that resonate. “There’s an overall effect of people really wanting these tools, and seeing that these tools are really valuable.”

OpenAI is seeing that spill over to its growing enterprise business. The company now has 2 million paying enterprise users, roughly doubling from September, said Lightcap, pointing out that often employees will use ChatGPT personally and suggest to their companies that they implement the tool. 

“We get a lot of benefits, and a tail wind from the organic consumer adoption where people already have familiarity with the product,” he said. “There’s really healthy growth, on a different curve.”

Developer traffic has also doubled in the past six months, quintupling for the company’s “reasoning” model o3, according to Lightcap. Developers use OpenAI to integrate the technology into their own applications. OpenAI counts Uber, Morgan Stanley, Moderna and T-Mobile among some of its largest enterprise customers.

Lightcap likened this usage to cloud services, which Amazon Web Services pioneered two decades ago. While the consumer business may grow faster since people can adopt it at will, enterprise is in the “process of building up,” he said. 

“There’s a buying cycle there, and a learning process that goes into scaling an enterprise business,” Lightcap said. “AI is going to be like cloud services. It’s going to be something that you can’t run a business that ultimately is not really running on these very powerful models underneath the surface.”

The DeepSeek effect

OpenAI’s growth comes amid new competition from Chinese competitor DeepSeek, which roiled tech markets in January as investors feared it would hamper future profitability of U.S. artificial intelligence companies and their dominance. Megacap tech companies were hit especially hard. Nvidia lost 17% on the Monday DeepSeek made waves, wiping off almost $600 billion in market value.

Later that week, OpenAI accused DeepSeek of improperly harvesting its models in a technique known as distillation. Lightcap said the new competition hasn’t changed the way OpenAI thinks about open source, their product road map or mega-spending plans.

“DeepSeek is a testament to how much AI is like entered the public consciousness in the mainstream — it would have been unfathomable two years ago,” he said. “It’s a moment that shows how powerful these models are and how much people really care.”

Besides DeepSeek’s emergence, OpenAI has also been dealing with a tense time on the legal front. 

Billionaire Elon Musk, a company co-founder, has sued OpenAI for breach of contract as it attempts to convert into a for-profit. Microsoft has poured billions into the company while SoftBank is close to finalizing a $40 billion investment that could value the company at close to $300 billion, according to sources familiar with the deal.

Musk and a group of investors bid to buy the nonprofit’s assets for $97.4 billion earlier this month. In a letter to Musk’s attorney, OpenAI’s lawyer said the company’s board determined that Musk’s “much-publicized ‘bid’ is in fact not a bid at all.” OpenAI Chairman Bret Taylor said in a statement that the company “is not for sale.”

“The numbers tell the story,” Lightcap said. “We try to be very transparent about where we stand on all of this. (Musk) is a competitor. He’s competing. It’s an unorthodox way of competing.”

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DeepSeek is causing reckoning for OpenAI, Anthropic, says Redpoint Ventures' Logan Bartlett

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Chinese smartphone firm Oppo launches slim $1,870 folding phone to rival Samsung, Huawei

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Chinese smartphone firm Oppo launches slim ,870 folding phone to rival Samsung, Huawei

Oppo’s new Find N5 folding smartphone on display at a press briefing in London.

Ryan Browne | CNBC

Chinese smartphone firm Oppo has unveiled its new flagship folding phone Thursday, touting a slimmer body and artificial intelligence-focused features in a bid to compete with high-end foldable devices from the likes of Samsung and Huawei.

The company’s Find N5 phone that can fold in half, will retail at a starting price of 2,499 Singapore dollars ($1,867.70).

When it’s folded shut, the Find N5 looks like a normal bar-shaped phone with a 6.62-inch display. The device can then be folded outward to show a larger, 8.12-inch tablet.

Most notably, the phone has an ultra-thin design. When closed, it measures 8.93 millimeters thick, while when opened out in tablet form, the Find N5 has a depth of 4.21 millimeters.

That’s slimmer than Samsung’s Galaxy Fold 6, which the South Korean tech giant released last year.

Inside the device is a razer-thin 5,600 milliampere-hour (mAh) battery that’s no bigger than a credit card. Oppo said the battery incorporates a silicon-carbon material, which enables high battery capacity despite its small size.

Oppo is hoping it can win business from the likes of Samsung and Chinese tech giant Huawei, both major smartphone players seeking to shake the market out of an innovation slowdown with flashy new models that can bend.

'Sea of sameness': Are smartphone makers out of ideas?

AI assistant features

Like many other smartphone makers, Oppo is investing more into artificial intelligence-focused features on the device.

The Oppo Find N5 has a triple-camera setup that includes a telephoto lens that can zoom in up to 30x thanks to assistance from an AI-powered image enhancement feature, dubbed AI Telescope Zoom.

It also comes with a personal AI assistant that can interpret and summarize documents, generate summaries of phone calls and translate video calls and other content displayed on the screen.

Addressing concerns around privacy, Oppo said that some data is processed directly on the device while other information is stored in the cloud. In international markets, Oppo is using Google as its AI and cloud computing technology partner.

Controlling a Mac with an Android phone

Oppo also talked up a new feature that enables users to connect their phone to a Mac computer. Using an app called O+ Connect, users can link the Find N5 to any Mac desktop machine and instantly transfer photos and other files between devices — so long as they’re connected to the same Wi-Fi network.

Users can also choose to remotely control a Mac from the Find N5. The Mac’s display can shut off and then reappear on the Find N5’s screen. The remote control feature only requires mobile internet or Wi-Fi to sync up a Mac device’s data with the Find N5 in real-time.

Huawei launches $3,660 trifold phone outside of China for the first time

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