Xiaomi pledges 60 billion yuan to AI over three years

By The Likely · Updated Sep 29, 12:38 PM ET · Drawn from 3 sources · Written by AI, checked against sources

Xiaomi CEO Lei Jun announced on Thursday that the company will invest at least 60 billion yuan, or roughly $8.7 billion, in artificial intelligence over the next three years.

Why it mattersThe push supports new models designed to offer stronger learning capabilities and more affordable developer services.

Which primarily Chinese company will own the highest-ranked model on Arena.ai's Text Arena (Overall) leaderboard at the end of October? Xiaomi leadsUnlikely35%

How we got here

September 3Qwen described Qwen3.8-Max as the most capable model in the Qwen family to date. Ai
September 22Qwen-Image-2.1 joined the Text-to-Image and Image Edit Arena leaderboards, without updating the reported Text Arena Overall leaderboard. Ai

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The coverage

Xiaomi to invest at least $8.7 billion in AI over next three ...Yahoo Finance
Xiaomi Steps Up AI Investment With New ModelsCaixinglobal

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Xiaomi pledges 60 billion yuan to AI over three years

How we got here

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