Xiaomi Slashes AI Model API Prices by 99% to Match DeepSeek
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On May 27, Xiaomi announced steep API price cuts for its latest MiMo-V2.5 AI models, slashing original rates by up to 99%. Photo: VCG
Xiaomi Corp. has slashed the application programming interface (API) prices for its flagship artificial intelligence models by up to 99%, matching the rates of local rival DeepSeek.
The aggressive discounts threaten to reignite a price war in China’s hyper-competitive AI sector, defying a broader industry shift toward monetization and price hikes by global leaders like OpenAI.
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