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Chinese Tech Giant Xiaomi Plans Major AI Investment Worth $8.7 Billion

Thursday, March 19, 2026 at 9:22 AM

Smartphone manufacturer Xiaomi announced plans to pour at least $8.7 billion into artificial intelligence development over the coming three years. The massive investment announcement coincided with the company's release of its newest AI technology called MiMo-V2-Pro.

BEIJING – Chinese smartphone manufacturer Xiaomi revealed Thursday that it plans to dedicate a minimum of 60 billion yuan, equivalent to $8.7 billion, toward artificial intelligence development during the next three-year period, according to company Chief Executive Officer Lei Jun.

The substantial financial commitment was disclosed as Xiaomi simultaneously unveiled its newest artificial intelligence technology, which the company has named MiMo-V2-Pro.

The investment represents one of the largest AI spending commitments announced by a major technology company as the industry continues its rapid expansion into artificial intelligence capabilities.

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