XIAO-I Corporation American Depositary Shares - AIXI STOCK NEWS

Xiao-I (NASDAQ: AIXI) has renewed and expanded its partnership with Inner Mongolia Yili Industrial Group Co., (A Share:600887), transitioning to a subscription-based model for AI services. This shift to a Model as a Service (MaaS) approach is expected to enhance service delivery, operational efficiency, and contribute to Xiao-I's long-term financial stability. The upgraded platform, powered by Xiao-I's Hua Zang large language model, will improve Yili's customer service capabilities across its diverse product lines. This partnership renewal highlights the growing trend in the AI industry towards more flexible and scalable solutions, potentially leading to stronger customer retention and improved cash flow predictability for Xiao-I.

Xiao-I (NASDAQ: AIXI), a leading artificial intelligence company, has successfully regained compliance with Nasdaq's minimum bid price requirement. The company received a written notice from Nasdaq on September 9, 2024, confirming its adherence to Listing Rule 5450(a)(1) for continued listing on the Nasdaq Global Market.

Previously, on July 11, 2024, Xiao-I was notified of its failure to maintain a $1.00 minimum closing bid price for its American Depositary Share (ADS) over 30 consecutive business days. The company was given a compliance period to meet this requirement. Xiao-I has now maintained a closing bid price of $1.00 or more for 10 consecutive business days, from August 23 to September 8, 2024, satisfying Nasdaq's conditions. As a result, Nasdaq has closed the matter, confirming Xiao-I's compliance with listing rules.

Xiao-I (NASDAQ: AIXI) has partnered with the National Association of the Deaf (NAD) to enhance accessible communication for deaf individuals using AI technology. The collaboration aims to develop innovative tools and platforms tailored to the deaf community's needs, fostering greater inclusivity and social integration.

Key highlights:

• Xiao-I launched Hearview Smart Glasses in the US market in August 2024, offering real-time subtitles for conversations.
• Approximately 46 million adults in the U.S. report some form of hearing loss, according to CDC data.
• The partnership aligns with Xiao-I's ESG principles and 'AI for Good' initiative, aiming to set a benchmark for using technology to address social challenges and promote equality.

Xiao-I (NASDAQ: AIXI), a leading AI company, has issued revenue guidance of $73 million for fiscal year 2024, projecting a 25% increase from the $59 million reported in FY 2023. The company attributes this growth to successful refinement and market deployment of its AI technologies. Xiao-I also anticipates a decline in R&D expenses as it focuses on achieving profitability. CEO Hui Yuan stated that their AI systems have reached a high level of maturity, allowing for decreased R&D spending. This strategy aims to improve margins and enhance overall financial performance, contributing to improved profit margins and continued reduction in losses.

Bronstein, Gewirtz & Grossman, is investigating potential claims against Xiao-I (NASDAQ: AIXI) on behalf of investors who purchased the company's securities. The investigation focuses on the significant drop in Xiao-I's ADS price since its IPO on March 8, 2023, where 5.7 million American depositary shares were sold at $6.80 per share.

Investors are encouraged to assist the investigation by visiting bgandg.com/AIXI or contacting the firm. The law firm operates on a contingency fee basis, seeking reimbursement for expenses and attorneys' fees only if successful. Bronstein, Gewirtz & Grossman has a track record of recovering millions for investors in securities fraud class actions and shareholder derivative suits.

Bronstein, Gewirtz & Grossman, is investigating potential claims against Xiao-I (NASDAQ:AIXI) on behalf of investors who purchased the company's securities. The investigation focuses on the significant drop in Xiao-I's American depositary shares (ADSs) price since its initial public offering (IPO) on March 8, 2023, where 5.7 million ADSs were sold at $6.80 per share. Investors are encouraged to participate in the investigation by visiting bgandg.com/AIXI. The law firm operates on a contingency fee basis, seeking reimbursement for expenses and attorneys' fees only if successful. Bronstein, Gewirtz & Grossman, has a track record of recovering substantial amounts for investors in securities fraud class actions and shareholder derivative suits.

Xiao-I (NASDAQ: AIXI) has provided an update on its VIE's ongoing patent infringement lawsuit against Apple. The case, filed by Shanghai Xiao-i Robot Technology Co., in the Shanghai High People's Court, alleges that Apple's Siri infringes on Shanghai Xiao-i's intelligent assistant patent (ZL200410053749.9). The trial, which began on August 3, 2020, has officially concluded on July 31, 2024, with a verdict pending.

Key developments include:

• Shanghai Xiao-i filed for an injunction against Apple in September 2021
• Apple filed a countersuit in February 2023
• The Beijing Intellectual Property Court upheld the validity of Shanghai Xiao-i's patent on June 28, 2024

This lawsuit is significant for Xiao-I, as it conducts most of its operations through Shanghai Xiao-i, its variable interest entity in China.

Xiao-I (NASDAQ: AIXI), a leading AI company, announces a change in its American Depositary Shares (ADS) ratio effective August 23, 2024. The new ratio will be 1 ADS to 3 ordinary shares, equivalent to a 1-for-9 reverse ADS split. This change affects ADS holders but not underlying ordinary shares. Uncertificated ADS holders in The Depository Trust Company will have their ADSs automatically exchanged. Citibank, N.A., the depositary bank, will manage the exchange process. Fractional new ADSs will be sold, with net proceeds distributed to applicable ADS holders. The ADS trading price is expected to increase proportionally, though this is not guaranteed.

Xiao-I (NASDAQ: AIXI) has successfully launched its Hearview Smart Glasses in the U.S. market. The event, streamed live on YouTube on August 8th, 2024, showcased this innovative product designed to assist individuals with hearing impairments. The smart glasses combine advanced auditory technology with AI to offer users a more connected and accessible experience.

CEO Hui Yuan emphasized the company's commitment to enhancing the quality of life for those with hearing challenges. The launch event replay is available on the official Hearview YouTube channel, along with a comprehensive review by a respected tech Key Opinion Leader, providing insights into the product's features and benefits.