Xiaomi's CEO Luo Fulai said this year's token growth could reach 100 times.

On the morning of March 27, at the AI Open Source Frontier Forum of the 2026 Zhongguancun Forum Annual Meeting, Xiaomi's MiMo large model manager Luo Fuli said, "In the longer term, due to the rapid progress of large models themselves and the better support of our agent framework, we can see our reasoning needs. I believe that what has already happened this year is a nearly 10-fold increase in growth over the past period. So will the growth of the entire token reach 100 times this year? So in fact, we have entered another dimension of competition, which is computing power or reasoning chips, and even down to energy."