Xiao-I Launches U.S. Subsidiary as Part of Going Global Strategy
June 15 2023 - 8:00AM
Xiao-I Corporation (Nasdaq: AIXI) (“Xiao-I” or the “Company”), a
leading cognitive artificial intelligence (“AI”) enterprise in
China, today announced the Company launched a U.S. subsidiary,
Xiao-I Plus Inc., marking another significant milestone for its
global expansion strategy.
On June 10th, Xiao-I held a ceremony at the
University of Maryland to celebrate the establishment of its Xiao-I
Plus subsidiary. The U.S. subsidiary representative Ms. Jie Cheng,
Chief Advisor Mr. Zhongren Yu, and Xiao-I’s collaborating
scientists were among those present. The establishment of the
subsidiary is in line with one of the Company’s four core
strategies – expanding its global footprint. Bolstered by strong
operations in China, Xiao-I focuses on cognitive intelligence with
consistent innovations to explore high-potential industries and
international markets in support of serving global customers and
pursuing higher revenue levels.
With this subsidiary, Xiao-I will continue to
strengthen its research and development of core cognitive AI
technologies and expand the international market to accelerate the
industry’s development. Currently, Xiao-I offers global users with
multi-language versions of AI products and solutions, including
English, Traditional and Simplified Chinese as well as others.
These products also have quick customization capabilities for
multi-language projects. In face of the North American market,
Xiao-I aims to expand and integrate with mature products such as
chatbot and robotic process automation based on its large language
model. This strategy includes initiatives to combine cognitive
intelligence technology with real-life scenarios, data, and user
needs to produce commercialized and customizable product lines that
are deliverable internationally.
Mr. Hui Yuan, Chairman and Chief Executive
Officer of Xiao-I, stated, “The launch of the U.S. subsidiary is a
strong step forward for us going global. It is also an important
step for the launch of our services to North American customers,
and the internationalization of our products. As a leading
cognitive AI enterprise, Xiao-I will leverage our cutting-edge AI
technologies to empower more industries and people within a broader
market space with more flexible cooperation models as well as the
wider range of open data and application scenarios brought by the
era of large language models.”
About Xiao-I CorporationXiao-I
Corporation is a leading cognitive intelligence enterprise in China
that offers a diverse range of business solutions and services in
artificial intelligence, covering natural language processing,
voice and image recognition, machine learning and affective
computing. Since its inception in 2001, the Company has developed
an extensive portfolio of cognitive intelligence technologies that
are highly suitable and have been applied to a wide variety of
business cases. Xiao-I powers its cognitive intelligence products
and services with its cutting-edge, proprietary AI technologies to
enable and promote industrial digitization, intelligent upgrading,
and transformation.
Forward-Looking StatementsCertain
statements in this announcement are forward-looking statements.
These forward-looking statements involve known and unknown risks
and uncertainties and are based on the Company’s current
expectations and projections about future events that the Company
believes may affect its financial condition, results of operations,
business strategy and financial needs. Investors can identify these
forward-looking statements by words or phrases such as
“approximates,” “assesses,” “believes,” “hopes,” “expects,”
“anticipates,” “estimates,” “projects,” “intends,” “plans,” “will,”
“would,” “should,” “could,” “may” or similar expressions. The
Company undertakes no obligation to update or revise publicly any
forward-looking statements to reflect subsequent occurring events
or circumstances, or changes in its expectations, except as may be
required by law. Although the Company believes that the
expectations expressed in these forward-looking statements are
reasonable, it cannot assure you that such expectations will turn
out to be correct, and the Company cautions investors that actual
results may differ materially from the anticipated results and
encourages investors to review other factors that may affect its
future results in the Company’s registration statement and other
filings with the SEC.
For investor and media inquiries, please
contact:Ms. Sarah GuPhone: +1 5713269722Email:
ir@xiaoi.com
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