XIAO-I Corporation American Depositary Shares - AIXI STOCK NEWS

Xiao-I (NASDAQ: AIXI) has secured a strategic agreement with a Hong Kong public sector client, expected to generate initial revenue of 8 million HKD. The company will implement its HuaZang Large Language Model (LLM) powered Chatbot to enhance the client's HR operations. The AI solution will handle personnel inquiries, automate HR processes including onboarding, housing benefits, provident fund management, and compensation inquiries. The agreement follows a recurring revenue structure under Xiao-I's Model-as-a-Service (MaaS) framework, positioning the company as a long-term strategic partner.

Xiao-I (NASDAQ: AIXI) provided an update on its VIE's patent infringement lawsuit against Apple. The Shanghai High People's Court held its second hearing session on November 1, 2024, with representatives from both parties present. The trial phase concluded on July 31, 2024, and parties await the Court's final ruling. While Xiao-I remains confident in its case, which involves AI technology intellectual property claims, the company acknowledges the inherent uncertainty of the lawsuit's outcome and potential financial compensation.

Xiao-I (NASDAQ: AIXI) has provided an update on its VIE's ongoing patent infringement lawsuit against Apple. The lawsuit, which alleges that Apple infringed on VIE's artificial intelligence technology intellectual property, has reached a new phase in legal proceedings. On September 24, 2024, the Shanghai High People's Court held a hearing on the case, with both VIE's and Apple's legal teams in attendance.

The trial phase of the lawsuit concluded on July 31, 2024, and the parties are currently awaiting the Court's final ruling. Xiao-I has committed to keeping shareholders and the public informed about important developments in this legal dispute.

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.