Goldman Sachs: Expect more AI achievements to be announced and applied to Xiaomi-W(01810) ecosystem in the future. Target price is 53.5 Hong Kong dollars.

Goldman Sachs released a research report stating that more AI achievements are expected to be announced in the coming quarters, and will be applied to the XIAOMI-W (01810) ecosystem and its globally largest AIoT interconnected devices. This will drive differentiated development and support Xiaomi's upgraded strategy for the "smart living" ecosystem. Xiaomi is rated as "buy" with a target price of 53.5 Hong Kong dollars. On December 1st, ByteDance released a technical preview of Douyubao Mobile Assistant, designed specifically for smartphone brands. It integrates the Douyubao large-scale language model into the operating system, allowing for tasks such as visual screen content interpretation and cross-application operations. The preview version has been embedded as an engineering prototype in the new nubia M153 smartphone model. Prior to this, Douyubao's mobile keyboard was launched on the iOS and Android platforms in late November, showing ByteDance's strategic expansion into the mobile internet infrastructure and smartphone ecosystem. Regarding Xiaomi's AI layout, the report mentions that Xiaomi is actively exploring large-scale language models at the edge and in the cloud to meet diverse needs for flexibility and convenience in different scenarios. The company has released multiple specialized large-scale language models, covering visual, audio, speech, and localized intelligent assistants, and recently unveiled the cross-sensory embodied model MiMo-Embodied on November 21st.