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Xiao-I Corporation Enhances HR Operations for Hong Kong Public Sector Client with AI-Powered Solution, Generating Initial Revenue of 8 Million HKD

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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) ha ottenuto un accordo strategico con un cliente del settore pubblico di Hong Kong, che dovrebbe generare entrate iniziali di 8 milioni di HKD. L'azienda implementerà il suo HuaZang Large Language Model (LLM) alimentato da un chatbot per migliorare le operazioni delle risorse umane del cliente. La soluzione AI gestirà le richieste del personale, automatizzando i processi HR, tra cui l'inserimento, i benefici per l'abitazione, la gestione del fondo previdenziale e le richieste di compenso. L'accordo segue una struttura di entrate ricorrenti basata sul modello Model-as-a-Service (MaaS) di Xiao-I, posizionando l'azienda come partner strategico a lungo termine.

Xiao-I (NASDAQ: AIXI) ha alcanzado un acuerdo estratégico con un cliente del sector público de Hong Kong, que se espera genere ingresos iniciales de 8 millones de HKD. La compañía implementará su HuaZang Large Language Model (LLM) potenciado por un chatbot para mejorar las operaciones de recursos humanos del cliente. La solución de IA manejará las consultas del personal, automatizando los procesos de RRHH, incluidos la integración, los beneficios de vivienda, la gestión del fondo de pensiones y las consultas sobre compensación. El acuerdo sigue una estructura de ingresos recurrentes bajo el marco de Model-as-a-Service (MaaS) de Xiao-I, posicionando a la empresa como un socio estratégico a largo plazo.

Xiao-I (NASDAQ: AIXI)는 홍콩 공공 부문 고객과 전략적 계약을 체결하여 800만 HKD의 초기 수익을 창출할 것으로 예상됩니다. 이 회사는 고객의 HR 운영을 개선하기 위해 HuaZang 대형 언어 모델(LLM) 기반의 챗봇을 구현할 것입니다. 이 AI 솔루션은 인사 문의를 처리하고 온보딩, 주택 복지, 퇴직 연금 관리 및 보상 문의를 포함한 HR 프로세스를 자동화합니다. 이 계약은 Xiao-I의 서비스 모델(Model-as-a-Service, MaaS) 프레임워크에 따른 반복 수익 구조를 따르며, 회사를 장기 전략 파트너로 자리매김하게 합니다.

Xiao-I (NASDAQ: AIXI) a conclu un accord stratégique avec un client du secteur public de Hong Kong, qui devrait générer des revenus initiaux de 8 millions de HKD. L'entreprise mettra en œuvre son HuaZang Large Language Model (LLM) via un chatbot pour améliorer les opérations RH du client. La solution d'IA gérera les demandes du personnel, automatisant les processus RH, notamment l'intégration, les avantages en matière de logement, la gestion des fonds de prévoyance et les demandes de compensation. L'accord repose sur une structure de revenus récurrents dans le cadre du modèle Model-as-a-Service (MaaS) de Xiao-I, positionnant l'entreprise comme un partenaire stratégique à long terme.

Xiao-I (NASDAQ: AIXI) hat eine strategische Vereinbarung mit einem öffentlichen Sektor-Cliente in Hongkong gesichert, die voraussichtlich anfängliche Einnahmen von 8 Millionen HKD generieren wird. Das Unternehmen wird sein HuaZang Large Language Model (LLM) betriebenes Chatbot implementieren, um die HR-Operationen des Kunden zu verbessern. Die KI-Lösung wird Personalanfragen bearbeiten und HR-Prozesse einschließlich Onboarding, Wohnungsbenefits, Verwaltung des Vorsorgefonds und Anfragen zu Vergütungen automatisieren. Die Vereinbarung folgt einer wiederkehrenden Einnahmestruktur unter Xiao-Is Model-as-a-Service (MaaS) Rahmenwerk und positioniert das Unternehmen als langfristigen strategischen Partner.

Positive
  • Secured new contract worth 8 million HKD in initial revenue
  • Established recurring revenue stream through MaaS framework
  • Expanded presence in Hong Kong public sector market
  • Implementation of proprietary HuaZang LLM technology
Negative
  • None.

SHANGHAI, Nov. 11, 2024 /PRNewswire/ -- Xiao-I Corporation (NASDAQ: AIXI), a leading AI enterprise, today announced a strategic agreement with an undisclosed Hong Kong public sector client. This engagement further solidifies Xiao-I's reputation and expands its footprint in the Hong Kong public sector, and is projected to generate initial revenue of approximately 8 million Hong Kong dollars. Through this collaboration, Xiao-I will leverage its proprietary HuaZang Large Language Model (LLM) as the foundational model, with Chatbot application, to enhance the client's existing HR operations, enabling an AI-driven transformation of their internal workflows.

HuaZang LLM powered Chatbot has been specifically tailored to meet the unique HR needs of the client, delivering a suite of AI-powered functionalities to enhance operational efficiency. The Chatbot supports a range of HR tasks, handling personnel inquiries, providing guidance to users, and automating notifications for essential HR processes such as onboarding and offboarding, housing benefits, provident fund management, medical benefits, and compensation inquiries. HuaZang's continuous data categorization and learning capabilities ensure it becomes progressively more effective and aligned with the client's evolving requirements.

The agreement follows a recurring revenue structure under Xiao-I's "Model-as-a-Service" (MaaS) framework, enabling a predictable and scalable revenue stream for Xiao-I. As HuaZang adapts to new data over time, it enhances the "stickiness" of the service, positioning Xiao-I as a long-term strategic partner for the client.

"This collaboration underscores our capacity to drive impactful digital transformation in public sector settings, and we see it as a foundation for expanding our presence among Hong Kong public sector," said Hui Yuan, CEO of Xiao-I Corporation. "Our solution not only brings immediate value with an 8 million HKD initial revenue impact but also provides a dynamic tool that adapts to our clients' needs over time."

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

This press release contains forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements that are other than statements of historical facts. When the Company uses words such as "may," "will," "intend," "should," "believe," "expect," "anticipate," "project," "estimate" or similar expressions that do not relate solely to historical matters, it is making forward-looking statements. Forward-looking statements are not guarantees of future performance and involve risks and uncertainties that may cause the actual results to differ materially from the Company's expectations discussed in the forward-looking statements. These statements are subject to uncertainties and risks including, but not limited to, the following: the Company's ability to achieve its goals and strategies, the Company's future business development and plans for future business development, including its financial conditions and results of operations, product and service demand and acceptance, reputation and brand, the impact of competition and pricing, changes in technology, government regulations, fluctuations in general economic and business conditions in China, and assumptions underlying or related to any of the foregoing and other risks contained in reports filed by the Company with the U.S. Securities and Exchange Commission ("SEC"). For these reasons, among others, investors are cautioned not to place undue reliance upon any forward-looking statements in this press release. Additional factors are discussed in the Company's filings with the SEC, including under the section entitled "Risk Factors" in its annual report on Form 20-F filed with the SEC on April 30, 2024, as well as its current reports on Form 6-K and other filings, all of which are available for review at www.sec.gov. The Company undertakes no obligation to publicly revise these forward-looking statements to reflect events or circumstances that arise after the date hereof.

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

Cision View original content:https://www.prnewswire.com/news-releases/xiao-i-corporation-enhances-hr-operations-for-hong-kong-public-sector-client-with-ai-powered-solution-generating-initial-revenue-of-8-million-hkd-302300947.html

SOURCE Xiao I Corporation

FAQ

What is the value of Xiao-I 's (AIXI) new Hong Kong contract?

The initial revenue from the contract is approximately 8 million Hong Kong dollars.

What services will Xiao-I (AIXI) provide to the Hong Kong public sector client?

Xiao-I will provide AI-powered HR operations solutions using their HuaZang LLM Chatbot, handling tasks such as personnel inquiries, onboarding, benefits management, and compensation inquiries.

What type of revenue model is Xiao-I (AIXI) using for this Hong Kong contract?

The agreement follows a recurring revenue structure under Xiao-I's Model-as-a-Service (MaaS) framework.

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