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China's Xiaomi to Invest $8.7 Billion in AI Over Three Years
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Updated 17h ago |
Created 1d ago
Chinese tech giant Xiaomi has announced a strategic commitment of at least US$ 8.7 billion for artificial intelligence development spanning the next three years, marking one of its largest capital allocations yet.
Key Points
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1The Chinese tech giant Xiaomi plans to invest at least $8.7 billion in artificial intelligence over the next three years.
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2This announcement was made by company founder Lei Jun, who emphasized that all companies must adapt to a 'new era'.
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3As one of the world's largest smartphone manufacturers, this investment marks significant expansion for Xiaomi following its rapid growth since launch.
Developments
[Mar 20]
Xiaomi announces plan to invest at least $8.7 billion in AI over three years; founder stresses need for companies to adapt to a 'new era' (reported by Manila Times, Veja.abril.com.br, Jornaldebrasilia.com.br, Rthk.hk).
China's Xiaomi to invest $8.7B in AI over 3 years
Manilatimes
17h ago
Xiaomi founder Lei Jun announced plans to invest at least $8.7 million (60 billion yuan) over the next three years into artificial intelligence as part of a strategic shift toward an "agent era." This initiative, led by former DeepSeek researcher Luo Fuli and spearheaded through Xiaomi's newly unveiled AI models like MiMo-V2-Flash, aims to develop autonomous systems capable of executing real-world tasks.