US stocks surged, Kingsoft Cloud (KC.US) rose by nearly 12%, Xiaomi launched open source large model Mimo

According to the Securities Times app, on Wednesday, Kingsoft Cloud (KC.US) surged nearly 12% to $13.90. In terms of news, on April 30th, Xiaomi launched an open-source large model MiMo focused on reasoning ability, surpassing OpenAI's closed-source model o1-mini and Alibaba's 32B scale QwQ in mathematical reasoning and code competition evaluations with only 7B parameters. This model aims to break through the potential bottlenecks of existing pre-training models and deeply inspire AI's thinking and problem-solving abilities through technological innovation.