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SHANGHAI - Xiao-I Corporation (NASDAQ:AIXI) has renewed its service contract with an unnamed China-based mutual fund management company, according to a press release statement issued Tuesday. The company, which maintains an impressive gross profit margin of 68.34%, has seen its stock decline significantly from its 52-week high of $8.31 to current levels around $1.55.
The renewed agreement centers on the deployment of Xiao-I’s iBot Pro platform, a conversational AI solution that provides automated customer service across multiple digital channels. The technology enables the asset manager to handle investor inquiries regarding account status, fund performance, and transactions.
The AI system manages routine tasks such as Net Asset Value (NAV) queries, subscription and redemption procedures, and documentation FAQs. It also supports internal teams with AI assistants for human resources, IT support, and compliance queries.
Xiao-I claims the platform allows the fund manager to handle high volumes of inquiries without proportional cost increases while improving operational efficiency.
The company did not disclose the financial terms or duration of the renewed contract.
Xiao-I Corporation, founded in 2001, specializes in cognitive intelligence technologies including natural language processing, voice and image recognition, and machine learning. The company has been listed on the NASDAQ exchange since going public.
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