SMRTR AIApr 30, 2025NewsBytes

Xiaomi enters AI race with DeepSeek-like open model

SMRTR summary

Xiaomi has launched MiMo, an open-source AI model, claiming it outperforms competitors like OpenAI and Alibaba in benchmarks. This move marks Xiaomi's entry into the AI race among Chinese tech giants, with the company aiming to develop artificial general intelligence. Xiaomi's shares rose over 5% following the announcement, as the company positions itself for long-term AI investment and development.

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