XIAOMI(HK:01810) 量子位·2025-06-26 14:11Core Viewpoint - Xiaomi is positioning its new AI glasses as a personal smart device and an AI entry point for the next era of technology [3][12]. Product Features - The Xiaomi AI glasses weigh 40g, which is about twice the weight of regular glasses, and they support prescription lenses [6]. - The glasses function as a camera from a first-person perspective and include features like voice translation and payment capabilities without needing a phone [12]. - The starting price for the Xiaomi AI glasses is set at ¥1999, which is comparable to the Ray-Ban Meta AI glasses priced at $299 [14][12]. Competitive Advantages - Xiaomi's AI glasses are lighter, have longer battery life, and are equipped with the "Super Xiao Ai" assistant [16]. - The typical battery life of the Xiaomi AI glasses is 8.6 hours, which is double that of the Ray-Ban Meta, and they can be charged in 45 minutes [20]. - The glasses utilize a dual-chip solution with a Snapdragon AR1 and a low-power processing chip, enhancing battery efficiency and performance [21]. AI Integration - The "Super Xiao Ai" assistant enables various functionalities such as taking photos, recording videos, and making payments through voice commands [24][26]. - The assistant supports multimodal interaction, understanding context, and providing personalized services based on user information [27]. Financial Performance - In the first quarter, Xiaomi reported a record revenue of ¥111.3 billion, reflecting a 47% year-on-year growth [31]. - The company plans to invest ¥200 billion in core technology research and development over the next five years (2026-2030) [34].