At 19:00 pm on August 14, 2023, Lei Jun’s fourth annual speech “Growth” was held at the China National Convention Center.

In the three-hour speech and annual new product release, Lei Jun shared several key growths and epiphanies experienced over the past 30 years, and announced the upgrade of Xiaomi’s technology strategy: deep plowing of the underlying technology, long-term sustained investment, deep integration of software and hardware, and full empowerment of AI, which can be summarized in a formula: (software × hardware)ᴬᴵ . At the same time, Lei Jun announced Xiaomi’s technology philosophy: choose technology fields that have long-term value to human civilization, and insist on long-term continuous investment. In the next five years, Xiaomi’s R&D investment will exceed 100 billion yuan.

At the same time, Xiaomi actively layout artificial intelligence, comprehensively promote the development and landing of large model, choose “lightweight, local deployment” as the main breakthrough direction of Xiaomi large model technology. At the scene, Lei Jun formally announced that the cell phone side of the big model preliminary run through. In addition, Xiao Ai classmates also upgraded AI big model, and opened the invitation test.

In addition, Lei Jun brought a series of new products such as Xiaomi MIX Fold 3, Xiaomi Pad 6 Max 14, Xiaomi bracelet 8 Pro, Redmi K60 Supreme Edition, and a new bionic quadrupedal robot dog Xiaomi CyberDog 2 made a surprise appearance.

Lei Jun 2023 Annual Speech Highlights

People are great because they dream, and they grow because they stick to their dreams.

Today, what I share with you is that I have experienced several key growths:

My schooling at Wuhan University allowed me to establish my dreams and learn to break them down into one goal after another. My entrepreneurial journey at Kingsoft allowed me to complete the metamorphosis from programmer to manager. Founding Xiaomi, a vision to change China’s manufacturing industry, and an innovative business model, let my dream begin to gradually into reality.

Every experience, every metamorphosis, is a cognitive breakthrough, but also a key growth.

In recent years, many people are feeling very anxious and confused. In the flood of changing times, how to gain inner peace? My answer is: growth.

Only by growing on the ground can you have enough self-confidence, courage and determination to meet all the unknown challenges;

also only by growing on the ground can you make yourself full of inner strength, light in your eyes, and full of power at all times!

Life is a marathon, a moment of success or failure, are not so important.

All of life’s problems, you will find the answer in the growth.

Friends, may you through the years, dreams still shine.

Friends, no matter what your dream is today, I sincerely wish you all the best, wish you dream come true, wish you have a happy and full life.

Lei Jun is leading a brand new Xiaomi, which is sailing towards the starry sea of dreams. On this road, Xiaomi will move forward with all the brave dreamers. We wish you all the best of luck as your dreams continue to shine through the years.

Here is the full text of Lei Jun’s speech to share with you.