Saturday, 18 May 2024


Xiao-I forms strategic AI partnership for smart cities By


SHANGHAI – Xiao-I Corporation (NASDAQ: AIXI), a key player in the artificial intelligence industry, has established a strategic alliance with a notable Special Administrative Region entity to advance smart city initiatives. The partnership, announced today, is set to utilize AI and chatbot technologies, particularly the Hua Zang Large Language Model, to enhance urban living.

The collaboration will focus on integrating AI services into customer service operations, aiming to improve accessibility and efficiency for residents. Xiao-I’s expertise in AI will be instrumental in the design, installation, and maintenance of these systems, ensuring their effective implementation and operation.

The partnership is expected to bring about significant improvements in the way citizens interact with urban services. By employing advanced chatbot systems, residents will have 24/7 access to information and personalized assistance. This initiative promises to streamline service delivery and augment the decision-making processes for city management.

Xiao-I Corporation, with its established presence in the AI sector since 2001, leverages its proprietary technologies across various applications, including natural language processing and machine learning.

This news is based on a press release statement from Xiao-I Corporation and does not include any editorial commentary or speculative insights.

InvestingPro Insights

As Xiao-I Corporation (NASDAQ: AIXI) embarks on its journey to redefine smart city living through its latest strategic alliance, investors are closely monitoring the company’s financial health and market performance. According to InvestingPro data, Xiao-I’s market cap stands at a modest $75.65 million, reflecting the scale of the company within the AI sector. Despite an impressive gross profit margin of 66.63% for the last twelve months as of Q1 2023, the company’s stock has experienced significant volatility, with a 1-week price total return of -11.02%, and a staggering 1-year price total return of -81.25%.

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InvestingPro Tips suggest that Xiao-I operates with a significant debt burden and may face challenges in making interest payments, which could be crucial considerations for investors. Additionally, the stock is currently trading near its 52-week low, indicating potential undervaluation or a lack of investor confidence. For those looking to delve deeper, there are 18…

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