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Ina Fried Dec 6
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Xiaomi betting big on AI, stays mum on U.S., IPO plans

Xiaomi

Xiaomi CEO Lei Jun said Tuesday that the company has 600 engineers working on AI efforts and is planning to include significant AI features in its next flagship phone, the Mi 7.

As for the two biggest questions - when will Xiaomi go public and when will it start selling phones in the U.S., Lei Jun offered few details.

Why it matters: After raising a ton of private money, investors have been eagerly watching when Xiaomi might go public. Similarly, the company is perennially being asked when it might bring its smartphones might come to the U.S.