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The Standard Titled "Technical and Application Requirements for Intelligent Software Engineering Part 1: Large-scale Code Models", in which Xiao-I (NASDAQ: AIXI) Participated, has been Officially Released

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Xiao-I Corporation (NASDAQ: AIXI) actively participates in developing a milestone industry standard for large-scale code models in collaboration with CAICT and ICBC. The new standard sets detailed technical capabilities and application requirements, aiming to enhance the AI4SE industry's development. Xiao-I's involvement showcases its commitment to innovation and industry leadership, positioning itself as a key player in promoting standardization in the AI sector.
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The establishment of a comprehensive industry standard for large-scale code models by the CAICT and ICBC, with the active participation of Xiao-I Corporation, is a pivotal development for the artificial intelligence sector. Such a standard is likely to streamline the integration of AI in software engineering, potentially leading to increased efficiency and reduced costs for businesses adopting these technologies. From a market perspective, this could translate into a competitive advantage for Xiao-I, as it positions itself as a key player in setting industry benchmarks. Moreover, standardization usually leads to higher adoption rates, which could expand the market for Xiao-I's products and services, potentially affecting its market share positively.

The release of the 'Technical and Application Requirements for Intelligent Software Engineering Part 1: Large-scale Code Models' signifies a notable leap in the codification of AI4SE practices. For technology companies and developers, the standard provides a clear framework to develop, evaluate and improve large-scale code models. This can enhance product quality across the board by setting a high bar for input diversity, task diversity, language comprehensiveness, result acceptability and result accuracy. For investors, this suggests that Xiao-I is not only contributing to but also aligning with industry-leading practices, which could signal long-term growth and stability as the AI industry matures. The company's involvement in the creation of these standards also indicates a strong R&D capability, which is critical for maintaining technological leadership.

The financial implications of Xiao-I Corporation's involvement in the development of AI industry standards are multifaceted. On one hand, the company's proactive role may lead to early market entry advantages and the potential to shape the industry in a direction that complements its own technological strengths and product offerings. This could result in increased revenue streams and a stronger brand reputation. On the other hand, investors should monitor the associated costs of R&D and the standardization process, as well as the company's ability to leverage these standards to capture market share. Furthermore, the impact of these developments on Xiao-I's stock will depend on the market's perception of the company's future growth prospects and its ability to monetize these standards in the form of new products and services.

SHANGHAI, March 1, 2024 /PRNewswire/ -- Recently, the China Academy of Information and Communications Technology ("CAICT") and the Industrial and Commercial Bank of China ("ICBC") jointly released a milestone industry standard called "Technical and Application Requirements for Intelligent Software Engineering Part 1: Large-scale Code Models" (Standard Number AIIA/PG 0110-2023). It is worth mentioning that Xiao-I Corporation (NASDAQ: AIXI) ("Xiao-I" or the "Company"), a leading company in the field of artificial intelligence, has actively participated in the development of this standard. The release of this standard marks the birth of the industry's first large-scale code model standard, providing strong support for the healthy and orderly development of the Artificial Intelligence for Software Engineering (AI4SE) industry.

The new standard provides detailed specifications for the technical capabilities and application requirements of large-scale code models, covering various stages such as research and development, evaluation, and acceptance. Its aim is to provide clear references for enterprises in the construction and improvement process of large-scale code models. The standard covers three main parts: general capabilities, specific scenario capabilities, and application maturity. These include 16 capability items and over 100 specific capability requirements. These requirements establish comprehensive technical capability standards for large-scale code models across multiple dimensions, including input diversity, task diversity, language comprehensiveness, result acceptability, and result accuracy.

The release of this standard is of great significance in promoting the standardization and development of large-scale code model technology. It will not only enhance the overall technical level of the industry but also facilitate cooperation and communication among enterprises, promoting the industry's development towards a more standardized and professional direction.

Xiao-I has always been at the forefront of innovation in the field of artificial intelligence. In June 2023, the Company released the Huazang General Model, aiming to create an operating system for the new era of artificial intelligence with the core principles of "being controllable, customizable, and deliverable." By actively participating in the development of industry standards related to large-scale models, Xiao-I has not only demonstrated its forward-thinking layout, but also its determination and responsibility as a leading domestic AI company in promoting the standardization process in the industry.

Looking ahead, Xiao-I will continue to devote itself to the standardization work in the field of artificial intelligence, actively participating in the development and revision of relevant standards, and contributing wisdom and strength to the healthy development of the industry. Meanwhile, the Company will continue to promote technological innovation, improve product performance, provide users with high-quality artificial intelligence services, and contribute to the efficient and rapid development of China's artificial intelligence industry.

About Xiao-I Corporation

Xiao-I Corporation is a leading cognitive intelligence enterprise in China that offers a diverse range of business solutions and services in artificial intelligence, covering natural language processing,voice and image recognition, machine learning and affective computing. Since its inception in 2001,the Company has developed an extensive portfolio of cognitive intelligence technologies that are highly suitable and have been applied to a wide variety of business cases. Xiao-I powers its cognitive intelligence products and services with its cutting-edge, proprietary AI technologies to enable and promote industrial digitization, intelligent upgrading, and transformation.For more information, please visit: www.xiaoi.com. 

Forward-Looking Statements

Certain statements in this announcement are forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties and are based on the Company's current expectations and projections about future events that the Company believes may affect its financial condition, results of operations, business strategy and financial needs. Investors can identify these forward-looking statements by words or phrases such as "approximates," "assesses," "believes," "hopes," "expects," "anticipates," "estimates," "projects," "intends," "plans," "will," "would," "should," "could," "may" or similar expressions. The Company undertakes no obligation to update or revise publicly any forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results in the Company's registration statement and other filings with the SEC.

For investor and media inquiries, please contact:
Ms. Berry Xia
Email: ir@xiaoi.com 

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SOURCE Xiao-I Corporation

FAQ

What is the standard number for the milestone industry standard released by CAICT and ICBC?

The standard number for the milestone industry standard is AIIA/PG 0110-2023.

What are the main parts covered in the new standard for large-scale code models?

The standard covers three main parts: general capabilities, specific scenario capabilities, and application maturity.

How many specific capability requirements are included in the new standard?

The new standard includes over 100 specific capability requirements.

What was Xiao-I Corporation's contribution to the development of the industry standard?

Xiao-I Corporation actively participated in the development of the standard for large-scale code models.

What is Xiao-I Corporation's core principle for the Huazang General Model released in June 2023?

The core principles of the Huazang General Model are 'being controllable, customizable, and deliverable.'

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