Xiaomi to Invest $7 Billion on AI, 5G and New Technology Development

“Chinese smartphone maker Xiaomi Corp will invest more than 50 billion yuan ($7.18 billion) in artificial intelligence and fifth generation internet technologies over the next five years, as competition in the sector grows. Xiaomi Chief Executive Lei Jun made the announcement in a letter posted on the company’s social media account on Thursday, but did not provide specific investment details.”

https://www.google.com/amp/s/www.news18.com/amp/news/tech/xiaomi-to-invest-7-billion-on-ai-5g-and-new-technology-development-2445551.html

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