Lu Weibing: Xiaomi's R&D and capital investment in the AI field this year is expected to exceed 16 billion

MarsBitNews · 2026-03-24T11:38:04+00:00

Xiaomi Group President Lu Weibing stated during an earnings call that Xiaomi's AI large model is developing rapidly, with unique advantages particularly in deploying physical AI across multiple spaces. The second-generation MiMo large model has been positioned for the Agent era, and Xiaomi will invest 60 billion over the next three years in the AI field.

MarsBitNews

2026-03-24 11:38:04

Abstract generation in progress

Xiaomi Group Partner and President Lu Weibing said during the earnings call on March 24 that Xiaomi’s AI large model has achieved rapid development, surpassing expectations. It is almost impossible to find a second company worldwide that can implement physical AI simultaneously in multiple spaces such as people, vehicles, and homes, which is a unique opportunity for Xiaomi. The recently released second-generation MiMo large model has preliminarily completed the full series of models for the Agent era. Lu Weibing reiterated that this year, Xiaomi’s R&D and capital investment in AI are expected to exceed 16 billion yuan, with a total of 60 billion yuan planned over the next three years, focusing on large models, embodied intelligence, and AI applications.

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