60 Billion into AI: The Final Mile of Xiaomi AI Ambition
dev.to
Lei Jun posted a set of numbers on Weibo: Xiaomi will invest 60 billion yuan in AI over the next three years. At least 16 billion in 2026 alone. What does 60 billion look like? Xiaomi's net profit for all of 2025 was 39.2 billion. This investment equals roughly a year and a half of that. R&D spending in Q1 alone hit 9 billion, up 33.4% year over year, with 26,048 R&D staff on board—all record highs. Xiaomi is transforming from a phone company into an AI company. But look closer and a problem e