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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
6-K - Xiao-I Corp (0001935172) (Filer)
424B5 - Xiao-I Corp (0001935172) (Filer)
6-K - Xiao-I Corp (0001935172) (Filer)
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
SC 13G - Xiao-I Corp (0001935172) (Subject)
SC 13G - Xiao-I Corp (0001935172) (Subject)
- 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.
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