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<Research>G Sachs: XIAOMI-W Releases New Open-Source Model, Expected to Expedite Ecosystem Integration
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XIAOMI-W (01810.HK) introduced its new open-source model MiMo-V2-Flash, a foundational language model designed for reasoning, coding, and agentic scenarios, and engineered for maximum efficiency, Goldman Sachs said in its report. MiMo-V2-Flash adopts a mixture of experts architecture, with a total parameter count of 309B and active parameters of 15B. The broker believed Xiaomi is rapidly developing its AI infrastructure and application capabilities, emerging as a top-tier open-source model developer, which will accelerate the intelligent integration of its "Human x Car x Home" ecosystem. The broker continued to expect Xiaomi to deliver more AI-related achievements and expand AI applications across its growing ecosystem. The group's management anticipated R&D investment to reach RMB40 billion by 2026, with a cumulative investment of RMB200 billion over the next five years, focusing on chipsets, operating systems (OS), and AI as key investment areas. The broker maintained Buy rating for Xiaomi, with a target price of HKD53.5. AASTOCKS Financial News Website: www.aastocks.com |
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