Understanding the Market | Xiaomi Open Sources Its First Inference Large Model MiMo, KINGSOFT Rises Over 5%, Xiaomi Corporation-W Rises Over 4%
Xiaomi-related stocks rose, with KINGSOFT up 5.18% to HKD 40.6, and Xiaomi Corporation-W up 4.1% to HKD 52. Xiaomi has open-sourced the inference large model MiMo, with a parameter scale of 7B, surpassing OpenAI and Alibaba's models. Xiaomi has launched a recruitment drive for large model talent, with application scenarios related to its own business. Huafu Securities believes that Xiaomi + Kingsoft Cloud is comparable to Tesla + xAI, possessing advantages in AI traffic and cloud platforms. CICC expects Xiaomi's vehicle shipments to grow by 192% in 2025
According to Zhitong Finance APP, the Xiaomi system continues to rise. As of the time of writing, Kingsoft (03888) is up 5.18%, trading at HKD 40.6; Xiaomi Corporation-W (01810) is up 4.1%, trading at HKD 52; Kingsoft Cloud (03896) is up 0.95%, trading at HKD 7.47.
In terms of news, on April 30, Xiaomi open-sourced its first inference large model, Xiaomi MiMo, which has a parameter scale of 7B and has surpassed OpenAI's closed-source inference model o1-mini and Alibaba's open-source inference model QwQ-32B-Preview in mathematical reasoning and coding competition evaluations. In addition, Xiaomi has initiated talent recruitment for large models, with positions including "Large Model Algorithm Expert," and the recruitment details show that the application scenarios for Xiaomi's large models are mostly related to its own business or products.
Huafu Securities previously released a research report stating that future AI giants need to meet three conditions: having AI traffic; having an AI cloud platform; and AI model iteration. The firm pointed out that "Xiaomi + Kingsoft Cloud" is comparable to Tesla + xAI, with a prominent advantage in AI terminal traffic. CICC stated that it expects Xiaomi's vehicle shipments to grow by 192% year-on-year to 400,000 units by 2025; it is optimistic about Xiaomi's ability to leverage its "human-vehicle-home" full ecosystem closed-loop model to play a significant ecological value and entry position in the future of thriving edge-side AI development through its platform + hardware + software ecosystem + users
