Xiaomi MiMo-v2.5 price drops 99% – AI pricing war

(platform.xiaomimimo.com)

68 points | by mariopt 4 hours ago

8 comments

  • faitswulff 59 minutes ago
    I wonder how much of DeepSeek and Xiaomi's pricing cuts can be traced back to cheap energy in China.
    • onlyrealcuzzo 32 minutes ago
      Energy is like 10-20% of the cost of AI.

      The rest is mostly hardware depreciation.

      • cmiles8 14 minutes ago
        Correct. There are challenges getting enough energy to new data center builds but the cost of the energy is low relative to other costs.
      • stingraycharles 25 minutes ago
        So you think they’re running the same types of state of the art Nvidia deployments?
        • onlyrealcuzzo 9 minutes ago
          It's supposed to be even MORE expensive:

          Nvidia H100: Typically priced around $25,000–$30,000 (global MSRP).

          Huawei Ascend 910C: Reported to cost roughly $28,000, yet it delivers only 60% of the inference performance of the Nvidia H100.

          Google's TPUs are significantly cheaper for Google for inference. That's pretty much it.

          There's a reason nVidia has an 80% margin right now.

    • maxdo 40 minutes ago
      it's not that huge of a deal if you compare commercial costs in china and cheapest us states, and electricity is only one of the factors.

      The real reason: anthropic + openai just cut the reasoning output to prevent distill, and hence you see the rise of chinese models to establish contracts globally .

      • stingraycharles 24 minutes ago
        “and hence you see the rise of chinese models to establish contracts globally”

        how will that help them working around the distill issue?

        • gessha 11 minutes ago
          Collecting user data directly by competing on price. The next step would be figuring out how that data can bring them closer to SOTA.
    • pianopatrick 21 minutes ago
      I've heard on podcasts that AI data centers in the US are powered by natural gas. Apparently there is currently a glut of natural gas. So the energy costs are actually pretty low in the US.
    • colechristensen 57 minutes ago
      In China the state and corporations can blend so it's difficult to tell the difference between the two. It is known for government sponsored dumping to meet some state goal or another.
      • faitswulff 46 minutes ago
        This runs counter to the last 50 years of American propaganda espousing the inefficiency of government. If the Chinese government can just throw money at industries and have them flourish, why can't other governments?
        • isityettime 15 minutes ago
          > If the Chinese government can just throw money at industries and have them flourish, why can't other governments?

          One possibility that seems likely to me: it takes longer than a single election cycle for an investment like that to bear fruit. And you have to be willing to admit that some bets the state places will lose. This is harder in the kind of democracy and political climate that the US currently has. China's government has more continuity of leadership and a strong emphasis on stability that seem hard to achieve in the US without a lot more political cohesion and more nuanced opposition than the two-party system currently affords.

          If we could achieve it, though, it'd be awesome. Some "best of both worlds" stuff.

        • foxygen 40 minutes ago
          I believe it is more complicated than simply “throwing money at industries”. It seems to me that in China, the Government actually runs the country, while in the US, private capital does.
        • jameson 26 minutes ago
          Other governments do, but not as much as China does.

          Healthcare in South Korea for example is government managed and it is one of the best healthcare in the world.

          I believe utility companies are also government owned.

          Also some of the well known companies now were practically government owned during the Park dictatorship in the 70s.

          I wouldn't use the term "Flourish" as what you hear and see is strictly controlled

        • rapsey 25 minutes ago
          As if the west does not use tariffs and subsidies. China is simply much smarter about it and has much more functional institutions.
        • nonethewiser 23 minutes ago
          Not really. Dumping != flourishing
        • lazide 32 minutes ago
          They made their domestic steel industry ‘flourish’ by getting every peasant to make their own steel mills too, and mostly crashed their economies.

          When things line up and the decisions are decent, top down can be really good.

          When the decisions are bad, it is exceptionally dramatic failures too. Tofu dregs, etc.

          Right now, no one has to liquidate so it’s easy to hide the damage though.

        • idiotsecant 42 minutes ago
          The Chinese economy is deeply weird from a western perspective. Culture and economics are not orthogonal.
          • Forgeties79 38 minutes ago
            Highly recommend everyone check out Breakneck. Felt like that gave me my first real insight into the relationship of the government and business in China.
        • golgappa 31 minutes ago
          [dead]
        • adrianN 41 minutes ago
          Any government can and does regularly throw money at industries to make them flourish. The American propaganda claims that this is less efficient than letting market forces decide which companies win.
          • nradov 5 minutes ago
            And it turns out that the American propaganda is almost always correct.
  • sea-gold 4 hours ago
    Other thread (with many more comments): https://news.ycombinator.com/item?id=48282814
  • ChrisArchitect 2 minutes ago
  • genxy 4 hours ago
    This is because the users are training the product. They need training data, so they sell inference at the price of power.
    • gruez 1 hour ago
      ?

      >API Services . If you use the API services, we will collect your IP address and the content (text, audio, video, picture) you submit to analyze the relevant instructions based on the model you select and to generate the returned content. Xiaomi will not use the content you provide for model training or any other purposes.

      https://privacy.mi.com/XiaomiMiMoPlatform/en_GB/

      • koteelok 47 minutes ago
        Chinese corporation would never lie
      • colechristensen 56 minutes ago
        And what legal recourse do you have if they don't follow those rules?
        • windexh8er 50 minutes ago
          You have no recourse in the US, either. Trust no one is the only path given all of the training data is stolen in the first place.

          It will come to light that one or many of the Frontier providers held the data, changed ToS and trained later minimally. But I think they just don't care and will train regardless. None of them abide by any level of ethics that would actually prevent them from leveraging an opportunity.

    • Tiberium 53 minutes ago
      ChatGPT (the setting is shared with Codex) and Claude (shared with Claude Code) also have sharing enabled by default, so why aren't they cheaper?
      • Springtime 38 minutes ago
        There's evidence various third-party models (including Deepseek) used distilling in training, based on models from those leading services. So they have more flexibility with pricing.
        • malnourish 0 minutes ago
          Is that fundamentally any different than what e.g., Meta and OpenAI have done?

          Besides, hasn't SCotUS ruled that raw LLM output isn't subject to copyright? So these companies would be breaking a ToS at worst.

        • behnamoh 9 minutes ago
          So? And Anthropic/OpenAI literally stole copyrighted content to train their models.
      • koteelok 45 minutes ago
        They are? They give away thousands of dollars via subs.
    • camelmel 25 minutes ago
      Is this training data even valuable? Usually AI data annotators get paid to write LLM responses, but here all they'd be getting is a bunch of user queries.
      • VerTiGo_Etrex 20 minutes ago
        1. Feed the same queries into Claude 2. Train on the Claude responses 3. ??? 4. Profit

        This has been the strategy for months now

  • infocollector 30 minutes ago
    Does anyone know what cards these guys are running it?
  • mariopt 4 hours ago
    MiMo-V2.5 Series

    Input (Cache Hit) Input (Cache Miss) Output mimo-v2.5-pro $0.0036 $0.435 $0.87

    mimo-v2.5 $0.0028 $0.14 $0.28

    • discordance 48 minutes ago
      For reference (input cache hit, input cache miss, output):

      Deepseek V4 Flash: $0.0028, $0.14, $0.28

      Deepseek V4 Pro: $0.145, $1.74, $3.48

      GPT 5.5: $0.5, $5, 430

      GPT 5.5 Pro: $0.5, $30, $180

      Claude Sonnet 4.6: $0.30, $3, $15

      Claude 4.7 Opus: $0.5, $5, $25

      • aftbit 5 minutes ago
        $ / 1 million tokens
      • mynegation 35 minutes ago
        GPT 5.5: 430 or $30?
        • sgc 11 minutes ago
          They missed the shift key for the $ sign.
  • dlev_pika 33 minutes ago
    Business Model 2026

    1. Dump product to corner the market

    2. Kill competition

    3. Raise prices, enshitify things

    4. Profit

    • onlyrealcuzzo 26 minutes ago
      With the latest GRAM architecture just announced, I won't be surprised if there's a model than can run on a MacBook pro M5 that outperforms the best frontier model at implementation in 1 year, and in 2 years, a MacBook Neo.

      The frontier models are going to need to REALLY up their game if they can justify $200/mo for pretty awful experiences.

  • theNewDevTalks 15 minutes ago
    [flagged]