Xiao-I Corporation Provides Update on Shanghai Xiao-I's Patent Infringement Lawsuit Against Apple
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) ha fornito un aggiornamento sulla causa per violazione di brevetto della sua VIE contro Apple. Il Tribunale Popolare di Shanghai ha tenuto la sua seconda udienza il 1° novembre 2024, con rappresentanti di entrambe le parti presenti. La fase del processo si è conclusa il 31 luglio 2024 e le parti aspettano la sentenza finale del tribunale. Sebbene Xiao-I sia fiduciosa nel suo caso, che coinvolge rivendicazioni di proprietà intellettuale sulla tecnologia AI, l'azienda riconosce l'incertezza intrinseca sull'esito della causa e sulla potenziale risarcimento finanziario.
Xiao-I (NASDAQ: AIXI) proporcionó una actualización sobre la demanda por infracción de patente de su VIE contra Apple. El Tribunal Superior del Pueblo de Shanghái celebró su segunda sesión de audiencia el 1 de noviembre de 2024, con representantes de ambas partes presentes. La fase del juicio concluyó el 31 de julio de 2024 y las partes esperan el fallo final del tribunal. Aunque Xiao-I se siente confiada en su caso, el cual involucra reivindicaciones de propiedad intelectual sobre tecnología de IA, la empresa reconoce la incertidumbre inherente al resultado de la demanda y la posible compensación financiera.
샤오아이 (NASDAQ: AIXI)는 애플을 상대로 한 VIE의 특허 침해 소송에 대한 업데이트를 제공했습니다. 상하이 고등인민법원은 2024년 11월 1일 두 번째 심리 세션을 개최했으며, 양측의 대표가 참석했습니다. 재판 단계는 2024년 7월 31일에 종료되었으며, 양측은 법원의 최종 판결을 기다리고 있습니다. 샤오아이는 AI 기술 지적 재산권 주장과 관련하여 자신의 경우에 대해 확신하고 있지만, 소송 결과와 잠재적인 재정 보상의 불확실성을 인정하고 있습니다.
Xiao-I (NASDAQ: AIXI) a fourni une mise à jour sur sa procédure pour violation de brevet contre Apple. La Haute Cour populaire de Shanghai a tenu sa deuxième audience le 1er novembre 2024, avec des représentants des deux parties présentes. La phase de procès s'est terminée le 31 juillet 2024 et les parties attendent le jugement final de la Cour. Bien que Xiao-I conserve sa confiance en son cas, qui implique des revendications de propriété intellectuelle sur des technologies d'IA, l'entreprise reconnaît l'incertitude inhérente à l'issue du procès et à la compensation financière potentielle.
Xiao-I (NASDAQ: AIXI) hat ein Update zu seiner Patentverletzungsklage gegen Apple gegeben. Das Höchste Volksgericht in Shanghai hielt am 1. November 2024 seine zweite Verhandlungssitzung ab, an der Vertreter beider Parteien teilnahmen. Die Verhandlungsphase wurde am 31. Juli 2024 abgeschlossen, und die Parteien warten auf das endgültige Urteil des Gerichts. Während Xiao-I von seinem Fall überzeugt ist, der Ansprüche auf geistiges Eigentum im Bereich der KI-Technologie umfasst, erkennt das Unternehmen die inhärente Unsicherheit über das Ergebnis der Klage und die mögliche finanzielle Entschädigung an.
- Patent infringement case against Apple progressing through legal system
- Trial phase successfully concluded
- Uncertain outcome of the lawsuit
- No guarantee of financial compensation
- Extended legal proceedings could result in significant costs
Insights
The ongoing patent infringement lawsuit against Apple has reached a critical juncture with the second hearing at the Shanghai High People's Court. While this case holds potential significance due to Apple's market position, several factors warrant caution. The concluded trial phase and pending court ruling represent standard procedural steps rather than material developments. Key considerations:
- Chinese patent litigation typically has lower damage awards compared to US courts
- The company explicitly warns about uncertainty in financial compensation
- VIE structure adds complexity to enforcement if successful
On November 1, 2024, the Shanghai High People's Court convened the second session of hearings in the case, with legal representatives from both VIE and Apple present. This marks the latest development in the ongoing dispute.
As previously disclosed, the trial phase of the Lawsuit was concluded on July 31, 2024, and the parties to the Lawsuit are currently awaiting the Court's final ruling.
While Xiao-I Corporation remains confident in the merits of its case, the outcome of the lawsuit against Apple is inherently uncertain, and there is no guarantee that the Company will be awarded any financial compensation. Investors are strongly encouraged to conduct their own due diligence and review all relevant information before making investment decisions.
Xiao-I will continue to keep shareholders and the public updated on important development of this Lawsuit.
About Xiao-I Corporation
Xiao-I Corporation is a leading cognitive intelligence enterprise in
Forward-Looking Statements
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Ms. Berry Xia
Email: ir@xiaoi.com
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SOURCE Xiao-I Corporation
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