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 Lu...