智通财经网·2025-12-05 06:58Core Viewpoint - Goldman Sachs anticipates more AI developments in the coming quarters, which will be integrated into Xiaomi's ecosystem and its AIoT devices, driving differentiated growth and supporting Xiaomi's "people, vehicles, and home" upgrade strategy. The firm has assigned a "buy" rating to Xiaomi with a target price of HKD 53.5 [1] Group 1: Xiaomi's AI Strategy - Xiaomi is actively exploring both edge and cloud-based large language models to meet diverse needs for flexibility and convenience across different scenarios [1] - The company has launched several specialized large language models covering visual, audio, speech, and localized intelligent assistants [1] - On November 21, Xiaomi introduced the MiMo-Embodied model, which is a cross-embodiment foundational model [1] Group 2: ByteDance's Technological Advancements - On December 1, ByteDance released a technical preview of the Doubao mobile assistant, designed specifically for smartphone brands, integrating a large language model into the operating system for visual content interpretation and multi-step tasks [1] - The Doubao mobile keyboard was launched on iOS and Android platforms in late November, indicating ByteDance's strategic expansion into mobile internet infrastructure and smartphone ecosystems [1] Group 3: Market Implications - The integration of AI technologies in Xiaomi's ecosystem is expected to enhance its competitive edge in the AIoT market, potentially leading to increased market share and revenue growth [1] - The advancements by ByteDance in mobile technology may disrupt existing smartphone ecosystems, presenting both opportunities and challenges for competitors in the industry [1]