Xiaomi is heavily investing in artificial intelligence, chips, and electric vehicles to future-proof its hardware empire. The company's focus on open-source AI models aims to ensure its next-generation products remain competitive in an AI-driven market.

Xiaomi is betting on artificial intelligence to future-proof its sprawling hardware empire, pouring massive resources into open-source models to ensure its next generation of smartphones and electric vehicles (EVs) does not get left behind in an AI-driven market. The Beijing-based firm’s latest AI model, MiMo-V2.5-Pro, introduced last month, was ranked by third-party benchmark platform Artificial Analysis as the world’s top open-source model for agentic capabilities – referring to an AI system’s...