Earlier right this moment (third February 2021), a brand new report surfaced that exposed that the Founder and CEO of Xiaomi has acquired stakes in a Chinese language synthetic intelligence growth based mostly agency known as CVITEK. This led to a enterprise change inside the firm with the smartphone maker’s senior official having a controlling stake inside the AI developer.
As per new info from QCC, the Chinese language tech large has formally change into CVITEK’s largest shareholder, with a shareholding ratio and a closing profit ratio of 20.7 p.c. Moreover, the knowledge has additionally revealed that probably the most outstanding place of the corporate has now been modified to Lei Jun, Xiaomi’s Chairman, Founder, and CEO. The senior official now has a complete fairness ratio of three.07 p.c.
For these unaware, CVITEK is an organization that focuses on the design and growth of aritificial intelligence based mostly SoC chips. Sadly, we’ve got no means on figuring out what the corporate goals on attaining by buying majority stake in the enterprise. Though, Xiaomi is a know-how based mostly model, so we are able to assume that that is one in every of its try and broaden its horizon and deepen its analysis and growth into the synthetic intelligence subject.
In different phrases, the smartphone producer could be trying to have this firm assist develop future know-how that may even be built-in into its personal product choices. Nonetheless, that’s simply hypothesis at this level so take it with a pinch of salt and keep tuned for extra, as we can be offering extra updates if there are any fascinating growth relating to this matter.
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