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XIAO-I Corporation (NASDAQ: AIXI) is a leading cognitive artificial intelligence (AI) enterprise based in China, dedicated to the development and commercialization of AI technologies. Founded in 2001, the company has established itself as a pioneer in AI, focusing on natural language processing (NLP), speech processing, computer vision, machine learning, affective computing, data intelligence, and hyper-automation.
Xiao-I's core offering is its AI Cognitive Intelligence Platform, which integrates these advanced technologies to create innovative solutions across various industries. The company serves diverse fields including AI+ Contact Center, AI+ Finance, AI+ City Public Service, AI+ Architecture, AI+ Metaverse, AI+ Manufacturing, and AI+ Healthcare.
Recent collaborations highlight Xiao-I's commitment to advancing AI applications. For instance, its strategic partnership with Nexify Limited led to the successful implementation of the Hua Zang Universal Large Language Model (LLM) for large-scale civic hearings, enhancing user engagement and information analysis. Another notable project is the launch of Hearview, AI-empowered glasses aimed at improving communication for the deaf community by converting spoken words into text displayed on the lenses.
The company also partnered with a major Chinese bank's credit card center to deploy its Smart Coach system, revolutionizing customer service training through advanced AI-driven methodologies. This collaboration underscores Xiao-I's role in enhancing operational efficiency and service quality in the financial sector.
Xiao-I continues to innovate with its AI-driven knowledge management systems, partnering with a leading telecommunications company and a global health technology firm to streamline information management and improve operational efficiencies. The company's solutions support intelligent knowledge operations, multi-language processing, and real-time updates, ensuring that clients maintain a competitive edge.
Moreover, Xiao-I's AI solutions are transforming e-commerce customer service. Through partnerships with global e-commerce giants, the company introduced Smart Outbound Call and Smart Interactive Voice Response (IVR) systems, significantly enhancing customer interaction and reducing operational costs.
As part of its strategic expansion into the B2C market, Xiao-I launched three innovative AI-powered products in May 2024: Try on Today (TOTD) for virtual fashion try-ons, Daily Invest Focus (DIF) for individual investment insights, and Hearview for the deaf community.
With a strong foundation in AI research and development, Xiao-I is poised to continue leading the global AI industry, driving industrial digitization, intelligent upgrading, and transformation. For more information, please visit www.xiaoi.com.
Xiao-I Corporation reported a 48% increase in net revenues for the year ending December 31, 2022, achieving a record of US$48.2 million, up from US$32.5 million in 2021.
Revenue from cloud platform products soared by 364% to US$25.7 million, while technology services rose by 78% to US$16.4 million.
Despite the growth, the company recorded a net loss of US$6.0 million, compared to a net income of US$3.4 million in 2021. Increased operating expenses of 104% to US$33.9 million, driven mainly by R&D investments, contributed to this loss. The gross profit rose 42% to US$30.8 million, but gross margin declined to 63.9%.
Notably, Xiao-I completed its initial public offering (IPO) in March 2023, raising approximately US$39 million to support growth initiatives.
Xiao-I Corporation (Nasdaq: AIXI) announced a strategic partnership with Guizhou Chinadatapay Network Technology Co., Ltd. on April 24, 2023. This collaboration aims to enhance Xiao-I's growth in cognitive artificial intelligence by integrating its capabilities with Chinadatapay’s big data expertise. The partnership seeks to develop large-scale models for various industries through intelligent data analysis, model training, and application development.
Chinadatapay is noted for its innovative data security solutions and has extensive connections across 50 industries with nearly 300 deployments. This partnership is expected to bolster Xiao-I's position in the global cognitive intelligence market, promoting digital transformation across sectors like finance, government, healthcare, education, and transportation.
Xiao-I Corporation (Nasdaq: AIXI), a cognitive AI enterprise in China, is set to release its unaudited financial results for the full year 2022 on April 26, 2023, before the U.S. market opens. The announcement includes a corresponding conference call scheduled for 8:00 a.m. U.S. Eastern Time to discuss the results. Investors can join the call by pre-registering online to access dial-in information. The company specializes in AI solutions such as natural language processing, voice recognition, and machine learning, and has been operational since 2001, focusing on business transformation through AI technologies.
Xiao-I Corporation (Nasdaq: AIXI) attended the Boao Forum for Asia Annual Conference 2023, where Chairman Hui Yuan shared insights on artificial intelligence (AI) and its potential across various industries. This marks Yuan's seventh participation in the Forum, which aims to promote economic integration in Asia. Following its recent IPO, Xiao-I is focusing on global expansion and increased investment in AI technology. Yuan emphasized the importance of integrating AI into industries such as healthcare and smart cities, forecasting a significant growth potential for AI companies in the upcoming decade.
Xiao-I Corporation, a leading AI provider in China, officially listed on NASDAQ under the stock symbol AIXI on March 9, 2023. The IPO is seen as a positive sign for Chinese technology firms seeking capital in U.S. markets. The company operates a proprietary cognitive intelligence platform, CIAI, which has achieved large-scale commercialization. Looking ahead, Xiao-I aims to leverage advancements in AI, particularly in integrating technologies like ChatGPT, to develop innovative digital products and expand its applications across various industries globally.
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