Leading AI Provider Xiao-I Corporation Announces Closing of Initial Public Offering

NEW YORK,March 14,2023 -- China's leading AI company Xiao-I Corporation ("Xiao-I" or the "Company") announced on March 9,2023,Xiao-I was officially listed on NASDAQ with the stock symbol "AIXI". The successful listing of Xiao-I and its positive acceptance by U.S. investors set off a boom of Chinese technology companies in U.S. capital markets.

"We are extremely excited about Xiao-I's IPO as the humanity embarks on a new chapter of AI development and adoption triggered by ChatGPT." Said Max (Hui) Yuan,Founder and CEO of Xiao-I. "For the past 20 years,Xiao-I has been focusing on developing advanced cognitive intelligence solutions to empower businesses and consumers and we believe we are extremely well positioned in this new AI era."

As a leading AI provider in China,Xiao-I has the cognitive intelligence platform--CIAI (Cognitive Intelligence AI),which was developed independently and has its own intellectual property rights in China and has achieved large-scale commercialization and adoption. Going forward,Xiao-I plans to integrate the technical path of ChatGPT,shape rich digital intelligence products with the technical platform,product architecture and application data rooted in China,continue to promote the implementation of AI+intelligent customer service,AI+construction,AI+smart city and other industry application scenarios,empower more industries and businesses in China and around the world.

About Xiao-I

Founded in 2001,Xiao-I is the pioneer of China's self-developed virtual chatbot technology with its own intellectual property rights (Chinese invention patent ZL200410053749.9),focusing on the large-scale commercialization of patented technologies and original achievements related to cognitive intelligence based on natural language processing. It has served hundreds of large and medium-sized enterprises so far and has a leading market share in several vertical industries.

Xiao-I's continuous innovation capability is the basis for its leading position in the AI industrialization. Xiao-I's cognitive intelligence platform--CIAI (Cognitive Intelligence AI) is independently developed and has its own intellectual property rights. CIAI combines six core technologies including: natural language processing,speech processing,computer vision,machine learning,emotional computing,data intelligence and super automation,to form AI+contact center,AI+finance,AI+city public service,AI+metaverse,AI+manufacturing,and AI+medical,etc.

Media Contact:

Chao Xu

+86 18501721963

chao.xu@xiaoi.com