In a follow-up to its 2013 plan to back 100 startups, Xiaomi to invest ~$1.5B in "AIoT", IoT devices enhanced by AI via Xiaomi's platform, over the next 5 years (Rita Liao/TechCrunch)

Rita Liao / TechCrunch:
In a follow-up to its 2013 plan to back 100 startups, Xiaomi to invest ~$1.5B in “AIoT”, IoT devices enhanced by AI via Xiaomi's platform, over the next 5 years  —  Xiaomi, the Chinese company best known for budget phones, is betting big on a future of connected homes.

from Techmeme http://bit.ly/2M7hpEt