Xiao-I Corporation Provides Update on Shanghai Xiao-I's Patent Infringement Lawsuit Against Apple
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) ha fornito un aggiornamento sulla causa legale per violazione di brevetto in corso contro Apple. La causa, che accusa Apple di aver violato la proprietà intellettuale della tecnologia di intelligenza artificiale di VIE, ha raggiunto una nuova fase del procedimento legale. Il 24 settembre 2024, il Tribunale Popolare Superiore di Shanghai ha tenuto un'udienza sul caso, con la presenza dei team legali di VIE e Apple.
La fase di processo della causa si è conclusa il 31 luglio 2024, e ora le parti sono in attesa della sentenza finale del Tribunale. Xiao-I si è impegnata a mantenere informati gli azionisti e il pubblico riguardo agli sviluppi importanti in questa controversia legale.
Xiao-I (NASDAQ: AIXI) ha proporcionado una actualización sobre la demanda por infracción de patente que está llevando a cabo contra Apple. La demanda, que alega que Apple infringió la propiedad intelectual de la tecnología de inteligencia artificial de VIE, ha alcanzado una nueva fase en el proceso legal. El 24 de septiembre de 2024, el Tribunal Popular Superior de Shanghai llevó a cabo una audiencia sobre el caso, con la presencia de los equipos legales de VIE y Apple.
La fase del juicio de la demanda concluyó el 31 de julio de 2024, y las partes están esperando actualmente la decisión final del Tribunal. Xiao-I se ha comprometido a mantener informados a los accionistas y al público sobre los desarrollos importantes en esta disputa legal.
Xiao-I (NASDAQ: AIXI)는 Apple에 대한 특허 침해 소송에 관한 업데이트를 제공했습니다. 이 소송은 Apple이 VIE의 인공지능 기술 지적 재산권을 침해했다고 주장하며, 법적 절차의 새로운 단계에 접어들었습니다. 2024년 9월 24일, 상하이 고급 인민 법원은 이 사건에 대한 청문회를 열었고, VIE와 Apple의 법률팀이 참석했습니다.
소송의 재판 단계는 2024년 7월 31일에 종료되었으며, 양측은 현재 법원의 최종 판결을 기다리고 있습니다. Xiao-I는 이 법적 분쟁에서 중요한 발전 사항에 대해 주주와 대중에게 정보를 제공할 것을 약속했습니다.
Xiao-I (NASDAQ: AIXI) a fourni une mise à jour sur la procédure judiciaire pour violation de brevet en cours contre Apple. La plainte, qui accuse Apple d'avoir violé la propriété intellectuelle de la technologie d'intelligence artificielle de VIE, a atteint une nouvelle phase des procédures judiciaires. Le 24 septembre 2024, le Tribunal populaire supérieur de Shanghai a tenu une audience sur l'affaire, avec la présence des équipes juridiques de VIE et d'Apple.
La phase de jugement de la plainte s'est terminée le 31 juillet 2024, et les parties attendent actuellement le jugement final du Tribunal. Xiao-I s'est engagé à tenir les actionnaires et le public informés des développements importants dans ce litige.
Xiao-I (NASDAQ: AIXI) hat ein Update zu der laufenden Patentverletzungsklage gegen Apple bereitgestellt. Die Klage, die behauptet, dass Apple die geistigen Eigentumsrechte von VIEs Künstlicher Intelligenz-Technologie verletzt hat, hat eine neue Phase im rechtlichen Verfahren erreicht. Am 24. September 2024 fand eine Anhörung vor dem Obersten Volksgericht Shanghai statt, bei der sowohl die rechtlichen Teams von VIE als auch von Apple anwesend waren.
Die Verhandlungsphase der Klage endete am 31. Juli 2024, und die Parteien warten derzeit auf das endgültige Urteil des Gerichts. Xiao-I hat sich verpflichtet, die Aktionäre und die Öffentlichkeit über wichtige Entwicklungen in diesem Rechtsstreit zu informieren.
- Xiao-I's VIE is actively pursuing legal action to protect its intellectual property
- The lawsuit has progressed to a new phase with a court hearing
- Ongoing legal proceedings may result in additional expenses for Xiao-I
- Uncertainty of the lawsuit's outcome could impact investor confidence
Insights
The ongoing patent infringement lawsuit between Shanghai Xiao-I and Apple has reached a critical juncture with the recent hearing at the Shanghai High People's Court. This case is significant for several reasons:
- It involves a high-profile dispute over AI technology, a rapidly growing and competitive field.
- The outcome could have substantial financial implications for both companies.
- It may set a precedent for future AI-related patent cases in China and potentially influence global IP strategies.
The conclusion of the trial phase in July and the recent hearing suggest that a ruling may be imminent. For Xiao-I , a favorable outcome could potentially lead to
Investors should closely monitor this case as its resolution could significantly affect Xiao-I's stock price and future growth prospects. The company's commitment to keeping shareholders informed is a positive sign of transparency, but the uncertainty surrounding the outcome adds an element of risk to the stock.
This patent infringement lawsuit against Apple represents a double-edged sword for Xiao-I and its investors. On one hand, it demonstrates the company's confidence in its AI technology and willingness to defend its intellectual property against industry giants. This could potentially enhance Xiao-I's reputation as an innovator and attract more attention to its AI solutions.
However, the lawsuit also carries significant risks:
- Legal costs can be substantial, potentially impacting Xiao-I's financial resources.
- The uncertainty of the outcome may create volatility in the stock price.
- A prolonged legal battle could divert management's attention from core business operations.
Given Xiao-I's relatively small market cap of
On September 24, 2024, the Shanghai High People's Court (the "Court") held a hearing on the case, both VIE's and Apple's legal teams were in attendance for the hearing, which marks the latest step in this 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.
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
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
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Ms. Berry Xia
Email: ir@xiaoi.com
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SOURCE Xiao-I Corporation
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