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Xiao-I Corporation Renews and Expands Partnership with Inner Mongolia Yili, Transitioning to Subscription-Based Model for AI Services

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Xiao-I (NASDAQ: AIXI) has renewed and expanded its partnership with Inner Mongolia Yili Industrial Group Co., (A Share:600887), transitioning to a subscription-based model for AI services. This shift to a Model as a Service (MaaS) approach is expected to enhance service delivery, operational efficiency, and contribute to Xiao-I's long-term financial stability. The upgraded platform, powered by Xiao-I's Hua Zang large language model, will improve Yili's customer service capabilities across its diverse product lines. This partnership renewal highlights the growing trend in the AI industry towards more flexible and scalable solutions, potentially leading to stronger customer retention and improved cash flow predictability for Xiao-I.

Xiao-I (NASDAQ: AIXI) ha rinnovato ed ampliato la sua partnership con Inner Mongolia Yili Industrial Group Co. (A Share:600887), passando a un modello basato su abbonamento per i servizi AI. Questo passaggio a un approccio Model as a Service (MaaS) è destinato a migliorare la fornitura di servizi, l'efficienza operativa e a contribuire alla stabilità finanziaria a lungo termine di Xiao-I. La piattaforma aggiornata, alimentata dal grande modello di linguaggio Hua Zang di Xiao-I, migliorerà le capacità di servizio clienti di Yili attraverso le sue diverse linee di prodotto. Il rinnovo di questa partnership sottolinea la crescente tendenza nell'industria dell'AI verso soluzioni più flessibili e scalabili, portando potenzialmente a una maggiore fidelizzazione dei clienti e a una miglior prevedibilità del flusso di cassa per Xiao-I.

Xiao-I (NASDAQ: AIXI) ha renovado y ampliado su asociación con Inner Mongolia Yili Industrial Group Co. (A Share:600887), pasando a un modelo basado en suscripción para los servicios de IA. Este cambio hacia un enfoque de Model as a Service (MaaS) se espera que mejore la prestación de servicios, la eficiencia operativa y contribuya a la estabilidad financiera a largo plazo de Xiao-I. La plataforma mejorada, potenciada por el gran modelo de lenguaje Hua Zang de Xiao-I, mejorará las capacidades de servicio al cliente de Yili a través de sus diversas líneas de productos. Esta renovación de la asociación destaca la creciente tendencia en la industria de IA hacia soluciones más flexibles y escalables, lo que potencialmente conducirá a una mayor retención de clientes y a una mejor previsibilidad del flujo de caja para Xiao-I.

Xiao-I (NASDAQ: AIXI)는 Inner Mongolia Yili Industrial Group Co. (A Share:600887)와의 파트너십을 갱신하고 확장하면서 AI 서비스에 대한 구독 기반 모델로 전환했습니다. Model as a Service (MaaS) 접근 방식으로의 전환은 서비스 제공, 운영 효율성을 향상시키고 Xiao-I의 장기 재정 안정성에 기여할 것으로 예상됩니다. Xiao-I의 Hua Zang 대형 언어 모델에 의해 지원되는 업그레이드된 플랫폼은 Yili의 다양한 제품 라인 전반에 걸쳐 고객 서비스 역량을 향상시킬 것입니다. 이번 파트너십 갱신은 AI 산업에서 보다 유연하고 확장 가능한 솔루션을 향한 추세가 증가하고 있음을 강조하며, 이는 Xiao-I의 고객 유지율 강화 및 현금 흐름 예측 가능성 향상으로 이어질 수 있습니다.

Xiao-I (NASDAQ: AIXI) a renouvelé et élargi son partenariat avec Inner Mongolia Yili Industrial Group Co. (A Share:600887), en passant à un modèle d'abonnement pour les services d'IA. Ce changement vers une approche Model as a Service (MaaS) est censé améliorer la prestation de services, l'efficacité opérationnelle et contribuer à la stabilité financière à long terme de Xiao-I. La plateforme améliorée, alimentée par le grand modèle de langage Hua Zang de Xiao-I, améliorera les capacités de service client de Yili à travers ses diverses gammes de produits. Ce renouvellement de partenariat souligne la tendance croissante dans l'industrie de l'IA vers des solutions plus flexibles et évolutives, pouvant mener à une meilleure fidélisation des clients et à une prévisibilité du flux de trésorerie améliorée pour Xiao-I.

Xiao-I (NASDAQ: AIXI) hat seine Partnerschaft mit der Inner Mongolia Yili Industrial Group Co. (A Share:600887) erneuert und ausgeweitet und ist zu einem abonnementbasierten Modell für KI-Dienste übergegangen. Dieser Wechsel zu einem Model as a Service (MaaS) Ansatz wird voraussichtlich die Servicebereitstellung, die Betrieblicheffizienz verbessern und zur langfristigen finanziellen Stabilität von Xiao-I beitragen. Die verbesserte Plattform, die durch Xiao-I's Hua Zang große Sprachmodell unterstützt wird, wird die Kundenservicefähigkeiten von Yili in ihren vielfältigen Produktlinien verbessern. Die Erneuerung dieser Partnerschaft hebt den wachsenden Trend in der KI-Branche zu flexibleren und skalierbaren Lösungen hervor, was potenziell zu einer stärkeren Kundenbindung und einer verbesserten Cashflow-Vorhersagbarkeit für Xiao-I führen könnte.

Positive
  • Renewal and expansion of partnership with Yili, a leading global dairy company
  • Transition to a subscription-based model (MaaS) for AI services
  • Potential for improved long-term financial stability through better customer retention
  • Enhanced cash flow predictability due to subscription model
  • Upgraded AI platform based on Hua Zang large language model
Negative
  • None.

Insights

The renewal and expansion of Xiao-I's partnership with Yili, transitioning to a subscription-based model, is a positive development for Xiao-I. This shift to a MaaS (Model as a Service) approach aligns with industry trends and offers several benefits:

  • Improved revenue predictability and cash flow stability
  • Enhanced customer retention, potentially leading to longer-term relationships
  • Scalability of services, allowing for easier upselling and cross-selling opportunities

While specific financial figures aren't provided, this move should contribute to long-term financial stability for Xiao-I. Investors should monitor future financial reports to assess the impact on recurring revenue and profit margins. The partnership with a top-5 global dairy company also enhances Xiao-I's market position in the AI solutions space.

Xiao-I's deployment of its Hua Zang large language model (LLM) for Yili's customer service platform demonstrates the company's technological prowess in AI applications for the FMCG sector. Key points to consider:

  • Customization of AI solutions for specific industry needs (dairy, beverages, packaged water)
  • Ability to handle high volumes of customer inquiries efficiently
  • Potential for continuous improvement and learning from vast customer interactions

The successful implementation and renewal suggest that Xiao-I's AI technology is delivering tangible value to a major client. This could lead to further adoptions in the FMCG industry and beyond, potentially expanding Xiao-I's market share in the competitive AI solutions landscape.

The partnership between Xiao-I and Yili highlights several important market trends:

  • AI adoption in customer service is growing, especially in consumer-facing industries
  • Shift towards subscription-based AI services indicates a maturing market and client preference for flexible, scalable solutions
  • Large enterprises like Yili are increasingly relying on AI to manage customer interactions at scale

This deal validates Xiao-I's market strategy and positions them well in the rapidly growing AI services sector. The company's ability to secure and expand relationships with industry leaders like Yili could attract other major clients, potentially accelerating Xiao-I's growth in the competitive AI market. Investors should watch for similar partnerships and industry adoption rates as indicators of Xiao-I's market penetration and long-term growth potential.

SHANGHAI, Sept. 19, 2024 /PRNewswire/ -- Xiao-I Corporation (NASDAQ: AIXI) ("Xiao-I" or the "Company"), a leading artificial intelligence company, today announced the renewal of its contract with Inner Mongolia Yili Industrial Group Co., Ltd. ("Yili") (A Share:600887). This renewal continues a long-standing partnership and marks an important shift, as Yili transitions its AI-driven customer service platform to a subscription-based model, optimizing service delivery and increasing operational efficiency. This transition to a subscription model, known as Maas (Model as a Service), represents a new business model that Xiao-I has been actively promoting. It reflects a broader trend in the software and AI industries, offering greater flexibility and scalability for clients like Yili. The shift is also expected to contribute to Xiao-I's long-term financial stability by creating stronger customer retention and improving cash flow predictability.

Since 2021, Xiao-I has provided Yili with cutting-edge AI solutions, including an intelligent voice customer service platform tailored to the needs of the fast-moving consumer goods (FMCG) industry. The upgraded platform, built on Xiao-I's Hua Zang large language model (LLM), enhances Yili's ability to respond to the vast number of customer inquiries efficiently across its diverse product lines, which include dairy products, beverages, and packaged water.

Hui Yuan, CEO of Xiao-I Corporation, commented:
"We are proud to continue our collaboration with Yili, a leader in the global dairy industry. Yili is the largest dairy company in China with the most comprehensive range of products, ranked among the top five dairy companies globally. This partnership has grown stronger over the years, driven by mutual trust and innovation. With Yili's business model shift from its AI-driven customer service platform to a subscription-based model, we are able to further expand our offerings to Yili and continue delivering AI-driven solutions that support Yili's mission of providing world-class products."

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-renews-and-expands-partnership-with-inner-mongolia-yili-transitioning-to-subscription-based-model-for-ai-services-302253212.html

SOURCE Xiao-I Corporation

FAQ

What is the significance of Xiao-I 's contract renewal with Yili?

The contract renewal signifies a continued partnership and a transition to a subscription-based model for AI services, potentially leading to improved service delivery, operational efficiency, and long-term financial stability for Xiao-I (NASDAQ: AIXI).

How does the new subscription-based model benefit Xiao-I (AIXI)?

The subscription-based model (MaaS) is expected to contribute to Xiao-I's long-term financial stability by creating stronger customer retention and improving cash flow predictability.

What AI solutions does Xiao-I provide to Yili?

Xiao-I provides Yili with an intelligent voice customer service platform tailored for the FMCG industry, built on Xiao-I's Hua Zang large language model (LLM) to efficiently handle customer inquiries across Yili's diverse product lines.

When did Xiao-I (AIXI) first partner with Yili?

Xiao-I has been providing AI solutions to Yili since 2021, including an intelligent voice customer service platform tailored for the FMCG industry.

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