Xiaomi stuns with new MiMo-V2-Pro LLM nearing GPT-5.2, Opus 4.6 performance at a fraction of the cost

Chinese electronics and car manufacturer Xiaomi surprised the global AI community today with the release of MiMo-V2-Pro, a new 1-trillion parameter foundation model with benchmarks approaching those of U.S. AI giants OpenAI and Anthropic, but at around a seventh or sixth the cost when accessed over proprietary API — and importantly, sending less than 256,000 tokens-worth of information back and forth.Led by Fuli Luo, a veteran of the disruptive DeepSeek R1 project, the release represents what Luo characterizes as a "quiet ambush" on the global frontier. Furthermore, Luo stated in an X post that the company does plan to open source a model variant from this latest release, " when the models are stable enough to deserve it."By focusing on the "action space" of intelligence—moving from code generation to the autonomous operation of digital "claws"—Xiaomi is attempting to leapfrog the conversational paradigm entirely.Prior to this foray into frontier