Xiao-I Corporation (AIXI) reports developments as a Nasdaq-listed ADR issuer and artificial intelligence company focused on cognitive intelligence solutions. Its updates center on AI customer-service and conversational platforms, including iBot Pro, intelligent dialogue robots, smart voice customer service, and applications that use natural language processing, speech and recognition, machine learning, affective computing, computer vision, data intelligence, and hyper-automation.
Company news also covers enterprise renewals in banking, insurance, and automotive customer engagement, patent matters involving its variable interest entity's core AI technology, ADS ratio changes, Nasdaq listing-compliance notices, capital actions, and governance changes. These items reflect both Xiao-I's operating focus in AI industrialization and the disclosure profile of a foreign issuer with American depositary shares.
Xiao-I , a leading AI enterprise, reported a 22.8% increase in net revenues to US$59.2 million for 2023. The MaaS business grew by 48.5% and accounted for over 30% of total revenue. Gross margin rose to 66.6%, up 270 basis points year over year. The company introduced the Hua Zang Universal Large Language Model, expanded globally, and launched innovative solutions, showcasing significant growth in both MaaS and non-MaaS segments.
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