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Lei Jun Abandons Phones for AI Bets

Amid record 2025 profits, Lei Jun ends MIUI, halts SU7 gen1, and shifts Xiaomi from phones to autos and AI, with 2000B RMB 5-year R&D in embodied intelligence. Phone revenue dips as auto surges 200%+. Exemplifies big tech ditching stability for uncertain AI paths like Optimus rivals.

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