Xiaomi Unveils MiMo AI Model
Chinese tech giant Xiaomi has introduced its latest artificial intelligence achievement, the MiMo model, developed entirely in-house. This release reinforces Xiaomi's ambition to blend its smart devices with next-generation generative AI technology.
Compact but Powerful
The MiMo AI model features 7 billion parameters and has already made headlines by outperforming OpenAI’s o1-mini and Alibaba’s QwQ-32B-Preview in math reasoning and coding tasks. Xiaomi’s announcement highlights the model's efficiency, which comes from a focused AI development team internally known as Core.
Unlike many closed systems, Xiaomi’s MiMo is open source, allowing developers and researchers to test, use, and improve it. The company positions this transparency as key to advancing the AI ecosystem and encouraging wider adoption.
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Stock Gains Reflect Market Confidence
The market reacted positively to the AI news. Xiaomi’s Hong Kong-listed stock rose 4.7% in morning trading on Friday. Additionally, Kingsoft Cloud Holdings, in which Xiaomi holds a 10% stake, saw its shares jump 15.3%. Xiaomi’s CEO, Lei Jun, also owns 11% of Kingsoft Cloud, indicating the depth of Xiaomi’s involvement in broader AI infrastructure.
In line with its growing AI ambitions, Xiaomi reportedly acquired 10,000 GPUs last year to power its model training. Though the company tried to recruit Luo Fuli, a prominent AI talent from DeepSeek, she declined the offer. Still, the attempt shows Xiaomi's intent to compete in China’s elite AI circle.
China’s AI Race Heats Up
Xiaomi's announcement follows closely behind Alibaba's release of Qwen3, a powerful update to its own open-source model series. With tech firms like Alibaba, Baidu, and Xiaomi heavily investing in AI, China’s AI race is clearly gaining momentum.
MiMo’s debut is not just about performance. It is more of a strategic move in a fiercely competitive space.
