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Xiaomi to invest at least $8.7 billion in AI over next three years, CEO says

Xiaomi to invest at least $8.7 billion in AI over next three years, CEO says

FILE PHOTO: Xiaomi founder and CEO Lei Jun speaks at the Chinese smartphone maker's launch event in Beijing, China May 22, 2025. REUTERS/Florence Lo/File Photo

19 Mar 2026 09:01PM

BEIJING, March 19 : Xiaomi will invest at least 60 billion yuan ($8.70 billion) in artificial intelligence over next three years, CEO Lei Jun said on Thursday.

His comment comes as the company announced its latest AI model called MiMo-V2-Pro.

($1 = 6.8998 Chinese yuan renminbi)

Source: Reuters
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