Xiao-I Corporation Stock Price, News & Analysis

Xiao-I (NASDAQ: AIXI) announced the closing of a $3,260,870 Senior Convertible Notes Offering. The Notes, with an 8% Original Issue Discount, are convertible into the Company's ordinary shares as American Depositary Shares (ADS). Additionally, 1,000,002 ADS were offered at par, representing 333,334 ordinary shares, for gross proceeds of $2,994,945. After expenses, net proceeds were approximately $2,496,945. The funds will be used for working capital and general corporate purposes. FT Global Capital Inc. acted as the exclusive placement agent.

Xiao-I (NASDAQ: AIXI) has announced a securities purchase agreement with an institutional investor to issue and sell senior convertible notes valued at $3,260,870. The notes come with an 8% original issue discount and are convertible into Xiao-I's ordinary shares at $1.00 per ADS, bearing an interest rate of 6.0% per annum, which can increase to 15% during an event of default. The notes mature 360 days from issuance. Concurrently, Xiao-I is offering 1,000,002 additional ADS at par to facilitate conversion deliveries. The offering is expected to close around June 17, 2024, subject to customary conditions, with proceeds intended for working capital and corporate purposes.

Xiao-I (NASDAQ: AIXI) has secured a key contract with an international engineering consulting firm within a major energy conglomerate. This agreement aims to leverage Xiao-I's AI-powered Smart Outbound Call solution to automate the expert invitation process, which currently involves manually notifying tens of thousands of experts annually. The solution uses the Hua Zang Large Language Model (LLM), integrating Natural Language Understanding, Speech Recognition and Synthesis, Dialogue Management, and Machine Learning technologies for enhanced performance and reduced delivery costs. This collaboration highlights Xiao-I's commitment to operational efficiency and quality service in the energy sector.

Xiao-I (NASDAQ: AIXI), a leading AI company, has entered a strategic partnership with a prominent AI company in the Middle East to develop AI enterprise solutions in the UAE. Xiao-I has recently established a subsidiary in Abu Dhabi, which will act as a hub for AI innovation and collaboration in the region. This partnership aims to combine the strengths of both companies to meet the rising demand for AI solutions in the UAE. Xiao-I's expertise in AI, coupled with its strategy of international expansion, highlights its commitment to delivering transformative AI solutions globally. The collaboration underscores Xiao-I's proactive approach to global AI opportunities and its dedication to responsible AI deployment, aiming to contribute significantly to the technological development of the Middle East and drive positive societal impact.

Xiao-I (NASDAQ: AIXI), a leading AI company, has secured a contract with a major multinational conglomerate in the health technology sector based in China. This partnership aims to enhance knowledge management practices within the consumer electronics and health technology industries. Xiao-I's Intelligent Knowledge Management Platform offers AI-assisted content editing, intelligent search, and multi-scenario application tools to streamline processes and foster cross-functional collaboration. The platform's features include intelligent knowledge operations, efficient process approval, and multi-channel knowledge push, ensuring up-to-date and relevant information. This collaboration represents a significant advancement in the use of AI to improve knowledge management strategies in these dynamic industries.

Xiao-I (NASDAQ: AIXI) announced a partnership with a leading global e-commerce giant to enhance customer service using AI solutions. The collaboration aims to address key challenges in e-commerce customer support, such as high call volumes and the need for personalized service. Xiao-I's solutions, powered by the Hua Zang Large Language Model, include Smart Outbound Call and Smart Interactive Voice Response (Smart IVR). These solutions promise up to a fourfold increase in business efficiency and an 80% reduction in costs compared to traditional methods. The Smart IVR solution aims to enhance call center capacity, reduce wait times, and improve operational efficiency. This partnership represents a significant development in the application of AI in e-commerce customer service.

Xiao-I (NASDAQ:AIXI), a leading cognitive AI enterprise in China, announced its expansion into the B2C market with three innovative product launches in May 2024. These products are Try on Today (TOTD), Daily Invest Focus (DIF), and Hearview. TOTD offers AI-powered virtual try-ons for fashion, DIF provides comprehensive market analysis for individual investors, and Hearview converts speech to text for the deaf community. This strategic move aims to harness the growing integration of AI in daily lives, leveraging Xiao-I's extensive expertise and commitment to innovation.

Xiao-I (NASDAQ: AIXI) has signed an agreement to implement its advanced Live Chat AI system for a leading automotive industry client. This innovative solution aims to revolutionize after-sales service by enhancing efficiency, reducing costs, and improving customer experience. The AI-driven Live Chat system provides 24/7 instant support, personalized service recommendations, and valuable insights to optimize products and services while ensuring data privacy and security. It also supports seamless omnichannel connections, allowing for easy integration and customization, and improves agent efficiency with integrated smart applications for form-filling. This initiative underscores Xiao-I's commitment to advancing AI technology in customer service.

Xiao-I (NASDAQ: AIXI) has signed a contract with a major telecom company to introduce its Intelligent Knowledge Management System (IKMS). The IKMS leverages the Hua Zang Large Language Model to address key challenges in the telecom industry, including dispersed knowledge, slow updates, and low retrieval efficiency. Key features of the IKMS include streamlined content editing, improved approval processes, advanced search capabilities, intelligent knowledge recommendations, and multi-channel knowledge dissemination. This system aims to enhance organizational efficiency, accuracy, and user experience, revolutionizing knowledge management in the telecom sector.