大推理时代下，看好小米AI产业链投资机会

Key Points Industry/Company Involved - Industry: AI, smartphone, consumer electronics, automotive, and home appliances - Company: Xiaomi Core Views and Arguments - Xiaomi's AI Advantage: Xiaomi has a natural advantage in AI due to its strong presence in the mid-range product market, including smartphones, tech gadgets, and home appliances. Their market share in the domestic smartphone market is approximately 15%, second only to Huawei [1]. - AI as a Carrier: Automotive and home appliances are ideal carriers for AI, making Xiaomi's investment in AI necessary [2]. - Xiaomi's AI Focus: Xiaomi's AI efforts are primarily focused on the terminal side, leveraging its high market share in smartphones, cars, and home appliances. This includes software upgrades, cloud support for lightweight AI applications, and hardware modifications like adding NPUs and storage [3]. - Investment Opportunities: - Xiaomi and Kingsoft Cloud's AI赋能: Significant benefits for Xiaomi's business through AI [4]. - Edge Computing: Hardware value addition and differentiation from competitors [4]. - Cloud Computing: Increased procurement for suppliers like ZTE and Huawei as Xiaomi builds larger-scale clusters [4]. - Communication Modules: Next-generation modules for Xiaomi's smartphones, potentially benefiting companies like Yifang Communication [5]. - Satellite Navigation: Companies like Huatian Navigation benefit from Xiaomi's exclusive PBOX supplier status [7]. - Smart Controllers: Suppliers like Har Tai for thermal management and control boxes for Xiaomi's cars and tech gadgets [7]. Other Important Content - Voice Recognition: Xiaomi lacks a significant voice recognition advantage compared to Alibaba's leading position [3]. - Cloud Computing Suppliers: Suppliers like ZTE, Huawei, and Unisplendour, as well as acquired companies like Unisplendour Technology, are suppliers to Kingsoft Cloud and Xiaomi [4]. - Server and Power Suppliers: Potential suppliers for server power and transformers in the IDC sector as Kingsoft Cloud expands [5]. - Smartphone and Consumer Electronics: Opportunities in areas like NPUs, storage, and communication modules [7].