Key DeepSeek Hire Could Bolster Xiaomi's AI Capabilities -- Market Talk

Dow Jones

02-18

0907 GMT - The recruitment of core DeepSeek developer Luo Fuli could bolster Xiaomi's artificial intelligence capabilities, DBS analyst Jim Au writes in a note. Luo's expertise in mixture-of-experts and lightweight models should optimize Xiaomi's performance and drive system upgrades, Au adds. Xiaomi's GPU cluster now exceeds 6,500 units, he notes. As a proven innovator, Xiaomi's premium smartphone and Internet of Things growth will benefit from any AI advancements, Au says. DBS maintains a buy rating on the stock and raises its target price to HK$52.00 from HK$36.00. Shares closed at HK$48.40. (jiahui.huang@wsj.com; @ivy_jiahuihuang)

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February 18, 2025 04:07 ET (09:07 GMT)

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