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SHANGHAI - Xiao-I Corporation (NASDAQ: AIXI), a leader in artificial intelligence with a market capitalization of $39.55 million, has announced a strategic partnership with TF International Securities Group Limited, a Hong Kong-based financial institution. According to InvestingPro analysis, the company appears undervalued at current trading levels, despite facing recent market challenges. The collaboration will see the integration of Xiao-I’s Hua Zang Large Language Model (LLM) into TF International’s financial services to enhance various aspects of the financial industry including investment research and risk management.
The partnership, announced on Wednesday, leverages Xiao-I’s AI expertise to develop a customized AI Agent platform for TF International. This platform is set to improve operational efficiency by automating repetitive tasks and refining decision-making processes in investment research. The company has demonstrated strong operational efficiency with impressive gross profit margins of 61.27%, according to recent InvestingPro data.
Xiao-I’s Chairman and CEO, Mr. Yuan Hui, stated that the partnership aligns with the company’s strategy of validating technological breakthroughs through commercialization. He expressed that the collaboration is a significant step in Xiao-I’s global expansion efforts.
Mr. Chuan Zou, CEO of TF International, emphasized the importance of AI in the future of financial services and commended Xiao-I’s track record in industrial AI applications. He expects the partnership to deliver enhanced value to clients on a global scale.
The Hua Zang LLM is recognized for its controllability, customizability, and deliverability, which are expected to enable rapid adoption in the financial sector. The AI model will be tailored to fit TF International’s proprietary datasets and workflows, ensuring compliance with global financial standards.
Xiao-I Corporation, established in 2001, has been at the forefront of AI development, offering solutions in natural language processing, machine learning, and other cognitive intelligence technologies. The company has shown moderate revenue growth of 6.22% over the last twelve months, though InvestingPro data reveals current financial health indicators suggest room for improvement. InvestingPro subscribers have access to over 10 additional key insights about AIXI’s performance and potential.
The press release also contains forward-looking statements that are subject to risks and uncertainties, which may cause actual results to differ from expected outcomes. These statements are based on the company’s goals and strategies, including its future business development and financial performance. Notably, while the company isn’t currently profitable, analysts tracked by InvestingPro predict profitability for the current fiscal year, with the next earnings report expected in approximately 37 days.
This news is based on a press release statement from Xiao-I Corporation.
In other recent news, Xiao-I Corporation has introduced the tAIkbox 1, an AI-powered customer service device, into the U.S. market. This new product aims to enhance customer service experiences by offering intuitive and smooth interactions, similar to those provided by human representatives. The tAIkbox 1 is powered by Xiao-I’s Hua Zang large language model and is designed for easy integration with existing phone and computer systems. Xiao-I targets high-impact industries such as hospitality, healthcare, travel, and retail, with the promise of improving customer satisfaction and streamlining operations. The device’s introduction comes as the U.S. customer service sector is projected to reach a revenue of USD 21.82 billion in 2024. A spokesperson for Xiao-I Corporation emphasized the potential of tAIkbox 1 to transform automated customer service by utilizing the company’s AI expertise from the Chinese market. The company has highlighted the device’s ability to address common frustrations with current automated systems, offering a more satisfying user experience. This announcement is based on a press release and includes forward-looking statements that involve risks and uncertainties, with investors advised to consult the company’s SEC filings for more details.
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