Xiaomi stuns with new MiMo-V2-Pro LLM nearing GPT-5.2, Opus 4.6 performance at a fraction of the cost
Carl Franzen March 18, 2026 Credit: VentureBeat made with Gemini 3.1 Pro ImageChinese 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…
