SHANGHAI, Nov. 19, 2024 /PRNewswire/ -- Xiao-I Corporation (NASDAQ:AIXI), a leading artificial intelligence company ("Xiao-I") , today announced a strategic cooperation with Deafopia, a nonprofit organization dedicated to supporting businesses within the deaf and hard-of-hearing communities. This collaboration will enhance the market visibility and distribution of Xiao-I's newly developed AI hardwares, with Deafopia managing outreach and expanding distribution channels, particularly to deaf schools, government facilities, and broader community initiatives. As part of this cooperation, Deafopia will promote at its trade shows, community events, and through its digital platforms, including it

SHANGHAI, Nov. 11, 2024 /PRNewswire/ -- Xiao-I Corporation (NASDAQ:AIXI), a leading AI enterprise, today announced a strategic agreement with an undisclosed Hong Kong public sector client. This engagement further solidifies Xiao-I's reputation and expands its footprint in the Hong Kong public sector, and is projected to generate initial revenue of approximately 8 million Hong Kong dollars. Through this collaboration, Xiao-I will leverage its proprietary HuaZang Large Language Model (LLM) as the foundational model, with Chatbot application, to enhance the client's existing HR operations, enabling an AI-driven transformation of their internal workflows. HuaZang LLM powered Chatbot has been sp

SHANGHAI, Nov. 4, 2024 /PRNewswire/ -- Xiao-I Corporation (NASDAQ:AIXI), a leading developer of AI solutions, today provided an update on its VIE's ongoing patent infringement lawsuit against Apple Computer Trading (Shanghai) Co., Ltd., Apple Inc., and Apple Computer Trading (Shanghai) Co., Ltd. (together and collectively, "Apple") (the "Lawsuit"). The Lawsuit, which involves claims that Apple infringed on VIE's intellectual property related to artificial intelligence technology, reached a new phase in the legal proceedings. On November 1, 2024, the Shanghai High People's Court convened the second session of hearings in the case, with legal representatives from both VIE and Apple present. T

SHANGHAI, Sept. 30, 2024 /PRNewswire/ -- Xiao-I Corporation (NASDAQ:AIXI), a leading developer of AI solutions, today provided an update on its VIE's ongoing patent infringement lawsuit with Apple Computer Trading (Shanghai) Co., Ltd., Apple, Inc., and Apple Computer Trading (Shanghai) Co., Ltd. (together and collectively, "Apple") (the "Lawsuit"). The Lawsuit, which involves claims that Apple infringed on VIE's intellectual property related to artificial intelligence technology, reached a new phase in the legal proceedings. On September 24, 2024, the Shanghai High People's Court (the "Court") held a hearing on the case, both VIE's and Apple's legal teams were in attendance for the hearing,

SHANGHAI, Sept. 19, 2024 /PRNewswire/ -- Xiao-I Corporation (NASDAQ:AIXI) ("Xiao-I" or the "Company"), a leading artificial intelligence company, today announced the renewal of its contract with Inner Mongolia Yili Industrial Group Co., Ltd. ("Yili") (A Share:600887). This renewal continues a long-standing partnership and marks an important shift, as Yili transitions its AI-driven customer service platform to a subscription-based model, optimizing service delivery and increasing operational efficiency. This transition to a subscription model, known as Maas (Model as a Service), represents a new business model that Xiao-I has been actively promoting. It reflects a broader trend in the softwar

SHANGHAI, Sept. 10, 2024 /PRNewswire/ -- Xiao-I Corporation (NASDAQ:AIXI) ("Xiao-I" or the "Company"), a leading artificial intelligence company, today announced that on September 9, 2024 it received a written notice from The Nasdaq Listing Qualifications Staff of the Nasdaq Stock Market LLC ("Nasdaq") stating that the Company regained compliance with the minimum bid price requirement, as set forth in Nasdaq Listing Rule 5450(a)(1) for continued listing on the Nasdaq Global Market. As previously disclosed, on July 11, 2024, Xiao-I was notified by Nasdaq that its American Depositary Share ("ADS") had failed to meet the $1.00 minimum closing bid price over a consecutive 30-business-day period

SHANGHAI, Sept. 9, 2024 /PRNewswire/ -- Xiao-I Corporation (NASDAQ:AIXI) ("Xiao-I" or the "Company"), a leading artificial intelligence company, announces that it signed a strategic partnership with the National Association of the Deaf (the "NAD"), a premier American organization dedicated to improving the quality of life for deaf and hard of hearing individuals. This collaboration aims to leverage AI technology to break down communication barriers and enhance accessibility for the deaf community. The NAD, established in 1880, is the nation's foremost civil rights organization for deaf and hard of hearing individuals, advocating for their rights and providing critical resources and support.

SHANGHAI, Sept. 5, 2024 /PRNewswire/ -- Xiao-I Corporation ("Xiao-I" or the "Company") (NASDAQ:AIXI), a leading artificial intelligence company today announced its projection of a 25% increase in revenue for the fiscal year ended December 31, 2024, expecting a revenue of approximately $73 million for the company's fiscal year ended December 31, 2024 comparing to revenue of $59 million which was reported for fiscal year ended December 31, 2023. This projected growth is attributed to the successful refinement and market deployment of its AI technologies. Additionally, the company anticipates a decline in research and development (R&D) expenses as it strategically focuses on achieving profitabi

SHANGHAI, Aug. 27, 2024 /PRNewswire/ -- Xiao-I Corporation ("Xiao-I" or the "Company") (NASDAQ:AIXI), a leading artificial intelligence company, today provided an update on its VIE's ongoing patent infringement lawsuit against Apple (as defined below). The lawsuit centers on the alleged infringement on Chinese invention patent ZL200410053749.9 owned by Shanghai Xiao-i Robot Technology Co., Ltd. ("Shanghai Xiao-i").  As a holding company incorporated in the Cayman Islands with no material operations of its own, Xiao-I conducts a substantial majority of its operations through Shanghai Xiao-i, a variable interest entity (the "VIE"), in China. On August 3, 2020, Shanghai Xiao-i filed a lawsuit

SHANGHAI, Aug. 21, 2024 /PRNewswire/ -- Xiao-I Corporation ("Xiao-I" or the "Company") (NASDAQ:AIXI), a leading artificial intelligence company, today announces that the previously announced change of the ratio of its American Depositary Shares (the "ADSs") to its ordinary shares (the "ADS Ratio"), par value US$0.00005 per share, from the current ADS Ratio of one ADS to one-third of an ordinary share to a new ADS Ratio of one ADS to 3 ordinary shares will be effective on August 23, 2024 (U.S. Eastern Time) (the "Effective Date"). For the Company's ADS holders, the change in the ADS Ratio will have the same effect as a one-for-nine reverse ADS split. On the Effective Date, Holders of uncerti

SHANGHAI, May 1, 2024 /PRNewswire/ -- Xiao-I Corporation (NASDAQ:AIXI) ("Xiao-I" or the "Company"), a leading artificial intelligence company, is proud to announce the forthcoming launch of its innovative product, DIF (Daily Invest Focus), in May 2024. This product is poised to revolutionize the approach to stock market analysis with the tagline "Maximize your market moves." In today's landscape of information abundance, extracting valuable data is essential for formulating strategic investment decisions. DIF is designed to provide investors with effective and insightful information, serving as a critical component in interpreting market sentiment and identifying viable investment opportuni

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SHANGHAI, June 17, 2024 /PRNewswire/ -- Xiao-I Corporation ("Xiao-I" or the "Company") (NASDAQ:AIXI) announced today that it has entered into a securities purchase agreement with an institutional investor (the "Investor") to issue and sell an aggregate principal amount of $3,260,870 senior convertible notes (the "Notes") with an 8% Original Issue Discount to the Investor, convertible into the Company's ordinary shares ("Conversion Shares") in the form of American Depositary Shares ("Conversion ADSs") (the "SPA"). Each ADS represents one third of an ordinary share. The Company is also concurrently offering an additional 1,000,002 ADS (the "Pre-Delivery ADSs"), at par, representing 333,334 of

Net revenues grew 22.8% year over year to a record high of US$59.2 millionMaaS business grew 48.5% year over year to US$19.2 million, and accounted for over 30% of total revenueGross margin rose 270 basis points year over year to 66.6%SHANGHAI, April 30, 2024 /PRNewswire/ -- Xiao-I Corporation ("Xiao-I" or the "Company"), a leading cognitive artificial intelligence ("AI") enterprise, today announced its unaudited financial results for the full year ended December 31, 2023. 2023 Financial Highlights Net revenues increased 22.8% year over year to a record high of US$59.2 million.Sale of cloud platform products increased 82.6% year over year to US$47.0 million.Net revenue of MaaS business incr

SHANGHAI, April 26, 2024 /PRNewswire/ -- Xiao-I Corporation (NASDAQ:AIXI) ("Xiao-I" or "the Company"), a leading artificial intelligence company, announced today that that the Company's full year 2023 financial results will be released before the U.S. market opens on Tuesday April 30, 2024. The Company will host a conference call to discuss its results at 8:00 a.m. U.S. Eastern Time (8:00 p.m. China Time) the same day. The live and archived webcast of the conference call can be accessed at the Xiao-I website Investors Section at Cognitive Intelligence AI Solution Provider | Xiao-i (xiaoi.com) What: Xiao-I Corporation Full Year 2023 (ended December 31, 2023) Earnings Conference CallWhen: 8:0

- 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. First Half 2023 Financial Highlights Net revenues increa

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. The Company will conduct a corresponding conference call at 8:00 a.m. U.S. Eastern Time (8:00 p.m. China Time) to discuss the results. What:      Xiao-I First Half 2023 (ended June 30, 2023) Earnings Call When:      8:00 a.m. U.S. Eastern Time on Monday, Sept

SHANGHAI, China, April 18, 2023 (GLOBE NEWSWIRE) -- 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 full year 2022 before the U.S. market opens on Wednesday, April 26, 2023. The Company will conduct a corresponding conference call at 8:00 a.m. U.S. Eastern Time (8:00 p.m. China Time) to discuss the results.  What:Xiao-I Full Year (ended December 31, 2022) Earnings Call When:8:00 a.m. U.S. Eastern Time on Wednesday, April 26, 2023 Webcast:ir.xiaoi.com/events To join the conference call via telephone, participants must use the f

- SEC Filing

Xiao-I Corporation (NASDAQ:AIXI), a leading AI company, is proud to announce a partnership with a leading telecommunications provider to deploy its advanced AI Chatbot solution in Q2. This strategic collaboration aims to transform the provider's customer service operations by enhancing service efficiency, reducing operational costs, and providing 24/7 personalized support.

Xiao-I Corporation (NASDAQ:AIXI) ("Xiao-I" or the "Company"), a leading AI company, announced today that the Company signed a partnership agreement with a major government agency (the "Agency") in Hong Kong to implement advanced AI Chatbot solution (the "Partnership"). This strategic collaboration aims to transform the agency's customer service operations, addressing key challenges such as complex policy explanations, multilingual communication needs, high service demand, and personalized service delivery.

Gainers Focus Universal (NASDAQ:FCUV) shares moved upwards by 6.8% to $0.26 during Monday's after-market session. The company's market cap stands at $16.8 million. Karooooo (NASDAQ:KARO) shares increased by 3.96% to $30.41. The company's market cap stands at $939.6 million. CommScope Hldg Co (NASDAQ:COMM) stock moved upwards by 3.38% to $1.22. The market value of their outstanding shares is at $258.9 million. XIAO-I (NASDAQ:AIXI) shares moved upwards by 3.0% to $0.75. The market value of their outstanding shares is at $54.9 million. Kingsoft Cloud Hldgs (NASDAQ:KC) stock rose 2.76% to $2.9. The market value of their outstanding shares is at $688.1 million. SMX (Security Matters) (NASDA

Xiao-I Corporation (NASDAQ:AIXI) ("Xiao-I" or the "Company"), a leading AI company, is excited to announce a significant contract with an international engineering consulting firm, a specialized service unit within a prominent energy conglomerate. This collaboration marks a pivotal step in leveraging AI to optimize operational efficiencies within the energy sector.

Gainers UTime (NASDAQ:WTO) shares moved upwards by 15.0% to $0.61 during Wednesday's pre-market session. The market value of their outstanding shares is at $239.1 million. Actelis Networks (NASDAQ:ASNS) shares increased by 7.14% to $1.5. The market value of their outstanding shares is at $5.0 million. Oracle (NYSE:ORCL) stock moved upwards by 7.08% to $132.65. The market value of their outstanding shares is at $364.6 billion. As per the news, the Q4 earnings report came out yesterday. Wetouch Technology (NASDAQ:WETH) stock increased by 6.72% to $3.0. The market value of their outstanding shares is at $35.7 million. XIAO-I (NASDAQ:AIXI) stock increased by 6.16% to $0.92. The market value