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Xiaomi to Invest $7 Bn in 5G, AI, and IoT over Next 5 Years

Xioami to invest 7 dollar billion on 5G, AIoT

Xiaomi Corporation is all set to invest a big heap of $ 7 billion in 5G, Artificial intelligence, and Internet of Things over the coming 5 years. This contribution amounts to more than 50 billion Yuan (Roughly US $7.18 billion). The announcement was made by Xiaomi Chief Executive Lei Jun on Thursday, for whom the previous year has been a specially rewarding year.

Though the news has been doing rounds all over the internet, the details of the said investment have not been made public. Chief Executive Lei Jun made the aforesaid declaration in a letter that was posted on the company’s social media account on Thursday. These days, the artificial intelligence of things is used as a reference to a linking of AI and the internet of things technology.

“We need to turn our continuous advantage we have in AIoT and intelligent life into absolute victory in intelligent full scene, and completely cement our king status in the smart era,” Lei Jun said.

Source: NYtimes

The AIoT refers to the same combination, which pertains to an increased internetwork of synthetic intelligence with the internet of things technologies. This talks of an increasing and roaring competition in the world market of AI.

Just the last year, Xiaomi pledged to invest a total of 10 billion yuan over five years cumulatively towards an “All in Artificial IoT” process. The latest investment of pouring a lot more than 50 billion Yuan shows an increase to the previously set threshold. The competition in the sector has been growing manifold, and thus such an investment comes at just the right time. 

Xiaomi’s supported Huami confirmed as per the latest reports, that it would launch the Amazfit Bip S smartwatch at the upcoming tech fair CES 2020. The Amazfit T-Rex is going to be the first in a much-awaited series of heavy-duty smartwatches. Weibo, which is the official channel for Huami technology, has recently uploaded a teaser poster where it can be gathered that the Amazfit T-Rex smartwatch would be launched on January 8, 2020. 

The heavy-duty smartwatch in detail named as Amazfit T-Rex smartwatch is extremely effective in extreme climates and has been gaining stir and buzz all the while. It is famed for being functional even in extreme climatic conditions where the mercury dips to as low as -40 degrees Celsius to as high as a scorching hot temp. of 70 degrees Celsius.

The brand Xiaomi which had humble beginnings in the Chinese mainland, had first rose to fame with its affordable range of smartphones and a variety of mobile devices. It has not become a giant thanks to its internet-enabled production that now include a range of smart TVs, smart bands, and other wearables and kitchen appliances like rice-cookers.

From displays that became more and more curvy to high charging speed phones to phones that could be folded, the previous year showed a wide variety. There were smartphones that had high refresh rate screens, and then there were those who boasted of 108 MP high megapixel camera phones. How can we forget sound image sensors and the periscope cameras?

Xiaomi is going to launch more than ten fifth internet generation, i.e. 5G phone models in 2020. That should be stable enough evidence to speculate that Xiaomi is eager to spend billions on its 5G endeavors. This was announced by Xiaomi Chief Executive Lei Jun in October of the year 2019. Needless to say, he has rightly emphasized the victory status of his brand in the smartphone era.

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