Xiao-I Corp secures RMB 3-4 million AI deal with AIA China

SHANGHAI - Xiao-I Corporation (NASDAQ: AIXI), an AI enterprise with a market capitalization of $35.44 million, has solidified its partnership with AIA China via a one-year contract worth RMB 3-4 million. The deal emphasizes the integration of Xiao-I’s Hua Zang Large Language Model (LLM) into AIA’s customer service operations. According to InvestingPro data, the company maintains impressive gross profit margins of 61.27%, suggesting strong operational efficiency.

The agreement features a full-scale AI customer service ecosystem, combining Xiao-I’s Intelligent Dialogue Robot, Live Chat Platform, AI-Powered Seat Assistant, Knowledge Fusion System, and Outbound Call Integration. These solutions, powered by the Hua Zang LLM, aim to provide unified intelligence across various customer interaction channels.

Xiao-I’s technology stands out due to the Hua Zang LLM’s advanced natural language processing capabilities, which facilitate context-aware conversations and real-time decision support for service agents. This technology is expected to offer AIA China’s customers a more personalized service experience while streamlining operations. While the company posted revenue growth of 6.22% in the last twelve months, analysts maintain an optimistic outlook with a price target of $18 per share.

A spokesperson for Xiao-I Corporation remarked on the renewed partnership, stating it reflects AIA China’s confidence in Xiao-I’s transformative AI solutions and the operational agility they can provide while maintaining a focus on the customer experience.

Xiao-I Corporation, established in 2001, is recognized for its cognitive intelligence technologies in China, offering AI-driven business solutions and services. Its proprietary technologies span natural language processing, voice and image recognition, machine learning, and affective computing. InvestingPro analysis indicates the stock is currently undervalued, with 12 additional exclusive insights available to subscribers, including detailed financial health metrics and growth projections.

The press release also contained forward-looking statements, cautioning that such statements are not guarantees of future performance and are subject to risks and uncertainties. These could lead to results that materially differ from expectations. This is particularly relevant given the company’s current financial position, with InvestingPro data showing a net loss of $23.37 million in the last twelve months, though analysts predict profitability this year.

This news is based on a press release statement from Xiao-I Corporation.

In other recent news, Xiao-I Corporation has reported a 19% year-over-year revenue increase, reaching approximately $70.3 million, driven by the adoption of its Hua Zang large language model and AI-powered consumer hardware. The company also managed to improve its gross margin to 69%, up from 67%, and reduced its net loss by 52% to $12.9 million, indicating a potential trajectory towards profitability in 2025. Additionally, Xiao-I has introduced its tAIkbox 1, an AI-powered customer service device in the U.S. market, aimed at enhancing customer service experiences across sectors like hospitality and healthcare. The tAIkbox 1 is designed for easy integration and promises seamless interaction capabilities.

Moreover, Xiao-I has partnered with TF International Securities Group to integrate its Hua Zang Large Language Model into the financial services sector, aiming to improve investment research and risk management. This collaboration is part of Xiao-I’s strategy to expand its global presence and validate its technological breakthroughs. In another development, Xiao-I has made strides with its AI glasses, selling over 1,500 units and projecting revenues between $12 million to $15 million in 2025. The company has formed strategic alliances to support scalable production, targeting an annual capacity of 50,000 units by 2025. These recent developments highlight Xiao-I’s ongoing efforts to expand its AI solutions across various industries.

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