Xiao I Corp

Xiao-I Corp. operates as a holding company, which through its subsidiaries primarily engages in Internet technology development. The company was founded in 2001 and is headquartered in Shanghai, China.

- Net revenues grew 106% year over year to a record high of US$26.5 million - Gross margin rose 620 basis points year over year to 77.3% - Cash and cash equivalents more than quadrupled to US$4.7 million, compared with end-2022 SHANGHAI, China, Sept. 25, 2023 (GLOBE NEWSWIRE) -- Xiao-I Corporation (Nasdaq: AIXI) (“Xiao-I” or the “Company”), a leading cognitive artificial intelligence (“AI”) enterprise in China, today announced its unaudited and unreviewed financial results for the six months ended June 30, 2023.

Xiao-I Corporation Announces Unaudited and Unreviewed First Half 2023 Financial Results

SHANGHAI , Sept. 15, 2023 /PRNewswire/ -- Xiao-I Corporation (Nasdaq: AIXI) ("Xiao-I" or "the Company"), a leading cognitive artificial intelligence enterprise in China, today announced that it will release its unaudited financial results for the first half of 2023 before the U.S. market opens on Monday, September 25, 2023.

Xiao-I Corporation to Release First Half 2023 Financial Results on September 25, 2023

SHANGHAI , July 24, 2023 /PRNewswire/ -- Xiao-I Corporation (Nasdaq: AIXI) ("Xiao-I" or the "Company"), a leading cognitive artificial intelligence ("AI") enterprise in China, today announced that it has secured a contract for an intelligent contact center project with a leading Chinese aviation group. This partnership aims to enhance the aviation group's service provision capabilities and drive its digital transformation.

Xiao-I Secures Contract for AI Contact Center Project with Leading Chinese Aviation Group

The AI boom is currently driving a surge in Nvidia Corporation's fortunes due to the need for GPUs to power AI applications, but this could change as AI-specific chips become more prevalent. The dominant AI model at the time of ASIC encoding will likely dictate which AI gets coded into the silicon, impacting the future of the AI market. Chinese AI company Xiao-I Corporation may have a competitive advantage due to its focus on Mandarin NLP and the strict regulatory environment for foreign tech companies in China.

If You Missed Nvidia, Then How About Xiao-I

Xiao-I Corporation, a leading AI enterprise in China, has launched its Large Language Model (LLM) called Hua Zang, developed by a team of 200 engineers. The LLM can be applied across various sectors and is controllable, customizable, and deliverable, with low computing, deployment, and training costs. AIXI has set ambitious 12-month goals, including developing a new business ecosystem, expanding language coverage, introducing international market applications, and disrupting traditional business models.

Xiao-I Releases Large Language Model 'Hua Zang' To Create China's Own ChatGPT

China's Own ChatGPT Language Model for Various Industries SHANGHAI , June 29, 2023 /PRNewswire/ -- Xiao-I Corporation (Nasdaq: AIXI) ("Xiao-I" or the "Company"), a leading cognitive artificial intelligence ("AI") enterprise in China, today announced the launch of its advanced large language model, Hua Zang (华藏). The model, analogous to an operating system, is built on Xiao-I's robust platform capabilities and designed to empower various industries.

Xiao-I Launches Pioneering Generative AI Model

SHANGHAI, China, June 15, 2023 (GLOBE NEWSWIRE) -- Xiao-I Corporation (Nasdaq: AIXI) (“Xiao-I” or the “Company”), a leading cognitive artificial intelligence (“AI”) enterprise in China, today announced the Company launched a U.S. subsidiary, Xiao-I Plus Inc., marking another significant milestone for its global expansion strategy.

Xiao-I Launches U.S. Subsidiary as Part of Going Global Strategy

SHANGHAI, China, May 18, 2023 (GLOBE NEWSWIRE) -- Xiao-I Corporation (Nasdaq: AIXI) (“Xiao-I” or the “Company”), a leading cognitive artificial intelligence (“AI”) enterprise in China, today announced the launch of its state-of-the-art Intelligent Document Processing (“IDP”) product. This innovative solution is delivered by a smart and efficient platform that streamlines and automates the document management process, empowering businesses towards an era of intelligent operations.

Xiao-I Launches Revolutionary Intelligent Document Processing Solution, Catalyzing the Future of Enterprise Document Management

SHANGHAI, China, May 05, 2023 (GLOBE NEWSWIRE) -- Xiao-I Corporation (Nasdaq: AIXI) (“Xiao-I” or the “Company”), a leading cognitive artificial intelligence (“AI”) enterprise in China, today announced that it has been recognized as an outstanding supplier by the Credit Card Center of China Merchants Bank Co. (HKSE: 3968) (“CMB” or the “Bank”), a leading and innovative commercial bank in China. This prestigious acknowledgement follows the Bank's annual supplier assessment evaluation for 2022, during which Xiao-I demonstrated exemplary performance in business collaboration, product implementation, and service quality.

Xiao-I Named Outstanding Supplier by China Merchants Bank Credit Card Center

Xiao-I has a mission to build a Chinese version of ChatGPT. According to IDC, the AI market in China is estimated to reach $27B in 2026, over 20% of five-year CAGR (2021-2026).

Xiao-I: An AI Leader In China Saw 48% Revenue Growth In 2022

- Net revenues grow 48% to All-Time High of US$48.2 million Conference call at 8:00 a.m. U.S. Eastern Time (8:00 p.m.

Xiao-I Corporation Reports Unaudited Full Year 2022 Financial Results

SHANGHAI , April 24, 2023 /PRNewswire/ -- Xiao-I Corporation (Nasdaq: AIXI) ("Xiao-I" or the "Company"), a leading cognitive artificial intelligence ("AI") enterprise in China, today announced that it has entered into a strategic partnership with Guizhou Chinadatapay Network Technology Co., Ltd. ("Chinadatapay")  to fuel Xiao-I's growth as a global leader in cognitive intelligence by combining Xiao-I's cognitive intelligence capabilities and Chinadatapay's big data expertise.

Xiao-I Announces Strategic Partnership with Chinadatapay to Accelerate Growth in Cognitive AI Solutions

SHANGHAI , March 31, 2023 /PRNewswire/ -- Xiao-I Corporation (Nasdaq: AIXI) ("Xiao-I" or the "Company"), a leading cognitive artificial intelligence enterprise in China, today announced its Chairman and Chief Executive Officer, Hui Yuan, attended the Boao Forum for Asia Annual Conference 2023 (the "Forum") in China's Hainan province from the 28th to 31st of March to share his insights into the development of artificial intelligence ("AI") and how to leverage advanced technologies to create a brighter future against volatilities and uncertainties. This is the seventh time that Yuan has been invited to participate in the Forum.

Xiao-I Chairman Attends 2023 Boao Forum to Share Insights into Artificial Intelligence Development

SHANGHAI, China, March 13, 2023 (GLOBE NEWSWIRE) -- Xiao-I Corporation (Nasdaq: AIXI) (“Xiao-I” or the “Company”), a leading cognitive artificial intelligence enterprise in China, today announced the closing of its initial public offering of 5,700,000 American Depositary Shares (the "ADSs") at a price of US$6.8 per ADS for total proceeds of US$38.76 million. Each ADS represents one third of an ordinary share of the Company. Xiao-I's ADSs are listed on the Nasdaq Global Market under the ticker symbol “AIXI”.

Xiao-I Announces Closing of Initial Public Offering

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SHANGHAI, China, March 09, 2023 (GLOBE NEWSWIRE) -- Xiao-I Corporation (“Xiao-I” or the “Company”), a leading cognitive artificial intelligence enterprise in China, today announced the pricing of its initial public offering of 5,700,000 American Depositary Shares ("ADSs"), each representing one-third of an ordinary share of the Company, at a public offering price of US$6.8 per ADS. The ADSs are expected to begin trading on the Nasdaq Global Market under the ticker symbol "AIXI" on March 9, 2023. The offering is expected to close on March 13, 2023, subject to customary closing conditions.

News for Xiao I Corp Stock (AIXI)