Lei Jun delivered a speech at a company event held in Beijing, highlighting the strong global recognition received by the MiMo-V2-Pro model and stating that the model will undergo rapid iterative upgrades. He also revealed that Xiaomi’s investment in artificial intelligence (AI) research and development this year has exceeded the previously announced budget of RMB 16 billion.
“As a result, you will see our pace of progress accelerating across many core technology areas,” he said.
Xiaomi’s increased investment in AI comes at a time when China’s highly competitive chatbot market is undergoing a strategic shift. Industry focus is moving toward AI “agents,” which rely far less on prompts and are capable of performing significantly more complex tasks.
Although Chinese AI chatbots are facing intense price pressure—particularly following the rapid rise of DeepSeek over the past two years—major technology companies are now turning their attention to AI agents. Because agents consume substantially more tokens (computational units) than traditional chatbots, tech firms view them as a promising new driver of revenue growth.
According to Lei Jun, MiMo-V2-Pro was designed specifically to handle agent-based workloads. Agent frameworks represented by OpenClaw are rapidly gaining traction across China’s technology sector, prompting major players from Alibaba to Tencent to follow the trend in hopes of unlocking new revenue streams.
“Developers worldwide generally agree that V2-Pro demonstrates not only exceptional ‘IQ’ but also impressive ‘EQ.’ More importantly, its task execution combines both speed and precision — clearly reflecting the model’s significant global impact,” Lei Jun said.
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