The Chinese company, Xiaomi, has announced that it will invest more than 50 billion yuan ($ 7.18 billion) in the field of artificial intelligence and fifth-generation Internet technology over the next five years, with competition growing in this sector.
Xiaomi CEO Li Jin made the remarks in a letter published on the company's social media account on Thursday, but did not provide specific investment details.
A term that combines the abbreviation of artificial intelligence (Ii) with the Internet of Things (IoT) technology will be used, Jin said: We need to transform our advantage in IoT technology into the ultimate victory in The complete scene of smart life, consolidating our place in the smart age.