XIAOMI(HK:01810) Sou Hu Cai Jing·2025-11-12 09:11Core Insights - Xiaomi is focusing on building its AI capabilities, particularly in large models, as indicated by the recruitment efforts for key developers like Luo Fuli [3][4] - The company is investing heavily in GPU resources, with plans to establish a large GPU cluster to enhance its AI model development [4] - Xiaomi's financial performance in the AI and electric vehicle sectors shows significant revenue, with a reported income of RMB 213 billion in Q2 2025 [4] Group 1: Recruitment and Talent Acquisition - Luo Fuli, a key developer from DeepSeek, was reportedly offered a high salary by Xiaomi's founder Lei Jun to lead the AI model team [3] - There has been no official confirmation from Xiaomi regarding Luo Fuli's employment status, although she has expressed a desire for a quiet work environment [3] - Luo Fuli's recent academic and professional background highlights her as a prominent figure in AI research, potentially indicating her future role at Xiaomi [5][7] Group 2: Investment in AI Infrastructure - Xiaomi is actively building a GPU cluster to support its AI model development, starting with 6,500 GPU resources [4] - Lei Jun's leadership is pivotal in this initiative, emphasizing the importance of AI hardware in the company's strategy [4] - The establishment of this infrastructure is expected to significantly boost Xiaomi's research capabilities in AI [4] Group 3: Financial Performance - In Q2 2025, Xiaomi reported RMB 213 billion in revenue from its innovative business segments, including smart electric vehicles and AI [4] - The revenue from smart electric vehicles was RMB 206 billion, with a gross margin of 26.4% for the innovative business segment [4] - Despite the revenue, the segment reported an operating loss of RMB 3 billion, indicating challenges in profitability [4]