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The Galaxy Z Fold 7 is super thin, measuring just 8.9 millimeters when closed and 4.2 millimeters when unfolded.

Ryan Browne | CNBC

Samsung on Wednesday launched three new folding smartphones — including thinner top-end devices and a cheaper version of its flip phone — as the tech giant looks to entice buyers to make the switch to foldables.

The main new additions to Samsung’s foldable phone range are the Galaxy Z Fold 7, which folds like a book, and the Galaxy Z Flip 7, which takes on the form of the classic clamshell-style flip phones. Samsung also announced a cheaper version of its latest flip phone, the Galaxy Z Flip 7 SE.

The South Korean consumer electronics giant is refreshing its foldable phone lineup at a time when the company faces increased competition from Chinese rivals, such as Honor and Oppo. Last week, Honor — which spun off from Chinese tech giant Huawei in 2020 — launched the new ultra-thin Magic V5 folding phone, while Oppo introduced its own slim foldable device, the Find N5, earlier this year.

Samsung’s share of the global foldable phone market slipped to 45% in 2024 from 54% a year earlier, according to Counterpoint Research. China also accounts for a significant share of the foldables market — although 17.2 million of these devices were sold last year globally, this drops to 9.4 million when excluding mainland China.

Thinner and bigger — but there’s a catch

The Galaxy Z Fold 7 is super thin at a thickness of 8.9 millimeters (0.35 inches) closed and only 4.2 millimeters open. It’s also much lighter than its predecessor, weighing 215 grams (7.62 ounces). These stats put the phone on par with both Honor’s Magic V5 and the Oppo Find N5.

The Samsung Galaxy Z Fold 7.

Ryan Browne | CNBC

The new Fold device has a 6.5-inch cover screen and an 8-inch main display when opened, making it bigger than its predecessor.

It’s also decked out with premium new cameras, featuring a 200-megapixel main lens, as well as a 10-megapixel telephoto sensor, 12-megapixel ultra-wide and two 10-megapixel front cameras on both the cover screen and on the main display.

The Galaxy Z Fold 7 is super thin, measuring just 8.9 millimeters when closed and 4.2 millimeters when unfolded.

Ryan Browne | CNBC

Samsung’s new Fold generation is, nevertheless, much more limited than other devices in the market when it comes to battery capacity. The Galaxy Z Fold 7 has a 4,400 milliampere-hour (mAh) battery — far less than the 6,100 mAh power pack in Honor’s Magic V5’s or the Oppo Find N5’s 5,600 mAh battery.

Samsung says its device is capable of 24 hours of video playback.

The Galaxy Z Fold 7 will retail in the U.K. at a starting price of £1,799 ($2,434).

Cheaper flip phone

The Galaxy Z Flip 7 has a 4.1-inch cover screen and a 6.9-inch main display when opened.

Ryan Browne | CNBC

Samsung’s Galaxy Z Flip 7 is also thinner than its predecessor, coming in at 6.5 millimeters when opened flat. By contrast, the Galaxy Z Flip 6 has a depth of 6.9 millimeters when unfolded.

The new phone has a 4.1-inch cover screen and a 6.9-inch main display. It comes with a 50-megapixel main camera and 12-megapixel ultra-wide sensor on the back and a 10-megapixel lens on the main display.

It also has a bigger 4,300 mAh battery, which Samsung says supports 31 hours of video playtime on a single charge.

In addition to Flip 7, Samsung is also introducing a cheaper version of the phone, called the Galaxy Z Flip 7 FE, which is slightly smaller and thicker than its more premium counterpart.

The Galaxy Z Flip 7 will retail from £1,049 in the U.K., while the Galaxy Z Flip 7 FE starts at £849.

AI fashion tips

The Samsung Galaxy Z Flip 7.

Ryan Browne | CNBC

It also has new AI-powered camera features, including one that automatically suggests people and objects to erase from photos — for example, if you’ve been photobombed by someone — and an audio eraser tool that proactively detects and removes unwanted background noise from videos.

The Galaxy Z Flip 7, meanwhile, lets you pull up Google’s AI assistant app, Gemini Live, on top of the camera app when taking a live video of yourself. Samsung says one use case this offers is the ability to ask the AI for tips on the outfit you’re wearing.

Sheng Win Chow, senior analyst at Counterpoint Research, said that physical design alone won’t be enough to convince users to convert to foldable phones from the touchscreen slabs we’re all used to.

“Lasting leadership depends on redefining what foldables do, not just how they look,” he said in an emailed note. “The next wave of competition will come from software — how vendors use the foldable form factor to deliver truly differentiated experiences.”

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

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Google hires Windsurf CEO Varun Mohan, others in latest AI talent deal

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Google hires Windsurf CEO Varun Mohan, others in latest AI talent deal

Chief executive officer of Google Sundar Pichai.

Marek Antoni Iwanczuk | Sopa Images | Lightrocket | Getty Images

Google on Friday made the latest a splash in the AI talent wars, announcing an agreement to bring in Varun Mohan, co-founder and CEO of artificial intelligence coding startup Windsurf.

As part of the deal, Google will also hire other senior Windsurf research and development employees. Google is not investing in Windsurf, but the search giant will take a nonexclusive license to certain Windsurf technology, according to a person familiar with the matter. Windsurf remains free to license its technology to others.

“We’re excited to welcome some top AI coding talent from Windsurf’s team to Google DeepMind to advance our work in agentic coding,” a Google spokesperson wrote in an email. “We’re excited to continue bringing the benefits of Gemini to software developers everywhere.”

The deal between Google and Windsurf comes after the AI coding startup had been in talks with OpenAI for a $3 billion acquisition deal, CNBC reported in April. OpenAI did not immediately respond to a request for comment.

The move ratchets up the talent war in AI particularly among prominent companies. Meta has made lucrative job offers to several employees at OpenAI in recent weeks. Most notably, the Facebook parent added Scale AI founder Alexandr Wang to lead its AI strategy as part of a $14.3 billion investment into his startup. 

Douglas Chen, another Windsurf co-founder, will be among those joining Google in the deal, Jeff Wang, the startup’s new interim CEO and its head of business for the past two years, wrote in a post on X.

“Most of Windsurf’s world-class team will continue to build the Windsurf product with the goal of maximizing its impact in the enterprise,” Wang wrote.

Windsurf has become more popular this year as an option for so-called vibe coding, which is the process of using new age AI tools to write code. Developers and non-developers have embraced the concept, leading to more revenue for Windsurf and competitors, such as Cursor, which OpenAI also looked at buying. All the interest has led investors to assign higher valuations to the startups.

This isn’t the first time Google has hired select people out of a startup. It did the same with Character.AI last summer. Amazon and Microsoft have also absorbed AI talent in this fashion, with the Adept and Inflection deals, respectively.

Microsoft is pushing an agent mode in its Visual Studio Code editor for vibe coding. In April, Microsoft CEO Satya Nadella said AI is composing as much of 30% of his company’s code.

The Verge reported the Google-Windsurf deal earlier on Friday.

WATCH: Google pushes “AI Mode” on homepage

Google pushes "AI Mode" on homepage

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Nvidia’s Jensen Huang sells more than $36 million in stock, catches Warren Buffett in net worth

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Nvidia's Jensen Huang sells more than  million in stock, catches Warren Buffett in net worth

Jensen Huang, CEO of Nvidia, holds a motherboard as he speaks during the Viva Technology conference dedicated to innovation and startups at Porte de Versailles exhibition center in Paris, France, on June 11, 2025.

Gonzalo Fuentes | Reuters

Nvidia CEO Jensen Huang unloaded roughly $36.4 million worth of stock in the leading artificial intelligence chipmaker, according to a U.S. Securities and Exchange Commission filing.

The sale, which totals 225,000 shares, comes as part of Huang’s previously adopted plan in March to unload up to 6 million shares of Nvidia through the end of the year. He sold his first batch of stock from the agreement in June, equaling about $15 million.

Last year, the tech executive sold about $700 million worth of shares as part of a prearranged plan. Nvidia stock climbed about 1% Friday.

Huang’s net worth has skyrocketed as investors bet on Nvidia’s AI dominance and graphics processing units powering large language models.

The 62-year-old’s wealth has grown by more than a quarter, or about $29 billion, since the start of 2025 alone, based on Bloomberg’s Billionaires Index. His net worth last stood at $143 billion in the index, putting him neck-and-neck with Berkshire Hathaway‘s Warren Buffett at $144 billion.

Shortly after the market opened Friday, Fortune‘s analysis of net worth had Huang ahead of Buffett, with the Nvidia CEO at $143.7 billion and the Oracle of Omaha at $142.1 billion.

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The company has also achieved its own notable milestones this year, as it prospers off the AI boom.

On Wednesday, the Santa Clara, California-based chipmaker became the first company to top a $4 trillion market capitalization, beating out both Microsoft and Apple. The chipmaker closed above that milestone Thursday as CNBC reported that the technology titan met with President Donald Trump.

Brooke Seawell, venture partner at New Enterprise Associates, sold about $24 million worth of Nvidia shares, according to an SEC filing. Seawell has been on the company’s board since 1997, according to the company.

Huang still holds more than 858 million shares of Nvidia, both directly and indirectly, in different partnerships and trusts.

WATCH: Nvidia hits $4 trillion in market cap milestone despite curbs on chip exports

Nvidia hits $4 trillion in market cap milestone despite curbs on chip exports

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Tesla to officially launch in India with planned showroom opening

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Tesla to officially launch in India with planned showroom opening

Elon Musk meets with Indian Prime Minister Narendra Modi at Blair House in Washington DC, USA on February 13, 2025.

Anadolu | Anadolu | Getty Images

Tesla will open a showroom in Mumbai, India next week, marking the U.S. electric carmakers first official foray into the country.

The one and a half hour launch event for the Tesla “Experience Center” will take place on July 15 at the Maker Maxity Mall in Bandra Kurla Complex in Mumbai, according to an event invitation seen by CNBC.

Along with the showroom display, which will feature the company’s cars, Tesla is also likely to officially launch direct sales to Indian customers.

The automaker has had its eye on India for a while and now appears to have stepped up efforts to launch locally.

In April, Tesla boss Elon Musk spoke with Indian Prime Minister Narendra Modi to discuss collaboration in areas including technology and innovation. That same month, the EV-maker’s finance chief said the company has been “very careful” in trying to figure out when to enter the market.

Tesla has no manufacturing operations in India, even though the country’s government is likely keen for the company to establish a factory. Instead the cars sold in India will need to be imported from Tesla’s other manufacturing locations in places like Shanghai, China, and Berlin, Germany.

As Tesla begins sales in India, it will come up against challenges from long-time Chinese rival BYD, as well as local player Tata Motors.

One potential challenge for Tesla comes by way of India’s import duties on electric vehicles, which stand at around 70%. India has tried to entice investment in the country by offering companies a reduced duty of 15% if they commit to invest $500 million and set up manufacturing locally.

HD Kumaraswamy, India’s minister for heavy industries, told reporters in June that Tesla is “not interested” in manufacturing in the country, according to a Reuters report.

Tesla is looking to recruit roles in Mumbai, job listings posted on LinkedIn . These include advisors working in showrooms, security, vehicle operators to collect data for its Autopilot feature and service technicians.

There are also roles being advertised in the Indian capital of New Delhi, including for store managers. It’s unclear if Tesla is planning to launch a showroom in the city.

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