China-based consumer electronics producer Xiaomi will set up a new technology-focused innovation research fund based at the Institute for AI Industry Research at Tsinghua University, Xiaomi Today has reported.
Founded in 2010, Xiaomi produces smartphones and smart devices that are connected to an internet-of-things technology ecosystem. It claims to be the fourth largest smartphone brand in the world.
The company announced it would launch the Xiaomi Artificial Intelligence Innovation Research Fund at a donation ceremony for Tsinghua University earlier this week.
The parties aim to encourage scientific research into cutting-edge technologies such as artificial intelligence (AI) robotics and healthcare technology through the fund, which will also support the university’s electronics, automation, computer and software departments.
A number of Xiaomi employees are alumni of Tsinghua University, including Lu Weibing, a senior vice-president who was also present at the ceremony.