The Huawei Mate 10 Pro on display during a briefing about the new device in London, U.K. Arjun Kharpal | CNBC

Huawei launched a new flagship smartphone Monday, the first to contain its own artificial intelligence (AI) chip that could help it compete with Apple and Samsung. The Huawei Mate 10 series of high-end devices includes the Mate 10, Mate 10 Pro and special edition Porsche Design Mate 10. Key features include: 5.9-inch display on Mate 10 and six-inch screen on Mate 10 Pro

Leica dual-lens camera with color and monochrome sensors

Big battery with fast charging capabilities

Google's latest Android 8.0 operating system.

Huawei Mate 10 on display during a briefing about the device in London, U.K. Arjun Kharpal | CNBC

But the top feature Huawei showed off at its launch event in Munich, Germany, is the Kirin 970, the company's dedicated AI chipset in the phone. Huawei launched the Kirin 970 earlier this year, but the Mate 10 series are the first devices to contain the chip. The chip is the size of a thumbnail and supports on-device AI. That means the AI functions are processed on the smartphone rather than in the cloud, which could speed up processes. In a demonstration, Huawei showed how its AI could recognize an object that someone wanted to take a picture of and automatically adjust aspects like lighting. This would take a professional a longer time to do, it said. And the Chinese company claims that its AI can recognize 2005 images per minute. It said that its Mate 10 series features the first smartphones to offer download speeds of 1.2 gigabits per second. Of course, this relies on a mobile network offering such speeds.

Arjun Kharpal | CNBC

The Huawei Mate 10 will be available from late October in more than 15 countries including Spain, Singapore and Australia, the company said. The Mate 10 Pro will be available from mid-November in over 24 countries, including major markets like Germany and Italy. The device will not initially be released in the U.S., but CNBC understands that this could happen later down the line.

Huawei catching up to Apple