
Xiaomi to invest $7 billion in 5G, AI and IoT over next 5 years
Thursday, January 2, 2020, 5:05 PM
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.
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