Xiaomi bets on AI for growth
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XIAOMI Corp, which is seeking an initial public offering, has formed an artificial intelligence team with about 500 employees, the company said in a new product release conference held in Shanghai yesterday.
Xiaomi released new products like its AI-featured flagship model Mi Mix 2S and a new speaker, both of which are powered by intelligent assistant Xiaoai. Among top Chinese smartphone brands, only Xiaomi has its own intelligent assistant, like Apple’s Siri and Samsung’s Bixby.
With Xiaoai, Xiaomi has collected “sufficient” database on AI application development, and increased use of AI will make Xiaomi’s AI “smarter.” To this end, Xiaomi has established a team of “400 to 500” people for AI research, Lei Jun, Xiaomi’s founder, said in Shanghai yesterday.
Xiaomi is seeking to issue an IPO in China’s mainland, which values the Beijing-based firm at US$100 billion, according to Bloomberg News.
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