Xiao-I Corporation (NASDAQ: AIXI)
Shanghai, China, May 21, 2023 /EINPresswire.com/ – Xiao-I Corporation (NASDAQ: AIXI) (“Xiao-I” or “the Company”), the US-listed leading Chinese artificial intelligence (“AI”) company, announced during the listing ceremony its ambitions to build the world’s first ChatGPT-style AI in China as the company’s next step in its 20-year quest to advance cognitive intelligence.
Xiao-I realizes the huge potential of creating a Chinese version of ChatGPT as global demand for AI-powered technology continues to grow. According to a report by IDC, global AI revenue is expected to grow by 19.6% to a total of $432.8 billion in 2022. These projections include AI software, hardware, and services. For 2023, projected revenue is expected to cross the $500 billion threshold. Overall, IDC forecasts a 22% compound annual growth rate for AI and expects to maintain the pace over the next five years.
With over 20 years of experience, Xiao-I has been a Virtual Chatbot technology pioneer at the forefront of developing cutting-edge Natural Language Processing (“NLP”) and Cognitive Intelligence technologies. As of April 18, 2023, with 290 patents in China and abroad and 131 software registrations, Xiao-I boasts a wide range of information in public services, finance and other business enterprise fields in Mandarin, Traditional Chinese, and English, making it well-equipped to carry out with this exciting new project.
“Xiao-I’s goal is to develop a ‘Chinese version of ChatGPT’,” said Yuan Hui, Chairman and CEO of Xiao-I. “Currently, Xiao-I has a self-developed cognitive intelligence platform that has achieved widespread commercial success.” With unique intellectual property rights in China.”
As a leader in cognitive intelligence, Xiao-I has six core technologies with NLP in the lead. These also include computer vision, machine learning, affective computing, speech processing, data intelligence, and hyper-automation. At the same time, the company has emerged as a leader in the commercialization of these technologies.
Xiao-I established its Asia-Pacific headquarters in Hong Kong in 2018, and dozens of projects have been successfully launched and deployed across the international market. Xiao-I Smart Technologies has also expanded its business reach into Southeast Asia and empowered global customers with its smart technology. At present, the company can provide global enterprise customers with multi-language versions including English and Traditional/Simplified Chinese as well as other AI products and solutions for nearly a thousand enterprise customers with the ability to quickly customize multi-language projects. Xiao-I’s primary customers extended banks, large international and domestic institutions.
It is worth noting that Xiao-I recently formed a strategic partnership with Guizhou Chinadatapay Network Technology Co., Ltd. (“Chinadatapay”) to fuel its growth in cognitive intelligence by leveraging Chinadatapay’s expertise in big data. This collaboration underscores the power of integrating huge data sets with cutting-edge algorithms, and is expected to enhance Xiao-I’s research and development capabilities. This partnership indicates an additional strength for Xiao-I’s technological expansion that will expand its potential application market at the same time.
Looking into the future, Xiao-I remains committed to leading innovation in the AI industry and providing the best AI-powered solutions for its customers. The development of the Chinese version of ChatGPT is critical to demonstrating their capabilities and leadership in the industry.
Xiao-I leads the development of the global artificial intelligence industry with cognitive intelligence as the core. Since its founding in 2001, the company has focused on cognitive intelligence patents based on natural language processing and its industrial applications. Upholding the customer-oriented core value, Xiao-I provides a set of comprehensive solutions and services from technology to products for global enterprise customers.
After more than 20 years of dedicated efforts, Xiao-I technologies have been deployed in thousands of application scenarios across various sectors such as customer service center, smart finance, smart enterprises, smart energy and transportation, smart education, smart healthcare, smart manufacturing, smart gardening and construction. Intelligent communication. For more information, please visit: www.xiaoi.com.
Certain 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 expectations about future events that the Company believes may affect its financial condition, results of operations, business strategy, and financial needs. Investors may identify these forward-looking statements by words or phrases such as “approximates,” “evaluates,” “believes,” “hopes,” “expects,” “anticipates,” “estimates,” “projects,” “intends,” “plans.” , “would”, “would”, “should”, “could”, “might” or similar expressions. The Company undertakes no obligation to publicly update or revise any forward-looking statements to reflect subsequent 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 does not guarantee to you that such expectations will be correct, and the Company warns investors that actual results may differ materially from expected results and encourages investors to do so. Review other factors that may affect its future results in the company’s registration statement and other filings with the Securities and Exchange Commission.
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