SHANGHAI, April 24,
2023 /PRNewswire/ -- Xiao-I Corporation (Nasdaq:
AIXI) ("Xiao-I" or the "Company"), a leading cognitive artificial
intelligence ("AI") enterprise in China, today announced that it has entered
into a strategic partnership with Guizhou Chinadatapay Network
Technology Co., Ltd. ("Chinadatapay") to fuel Xiao-I's growth
as a global leader in cognitive intelligence by combining Xiao-I's
cognitive intelligence capabilities and Chinadatapay's big data
expertise.
Data, algorithms, and computing power are the three core
elements in the development of AI. The AI industry is rapidly
expanding its applications, creating a growing demand for large
amounts of data in various vertical domains. Data serves as the
foundation for AI algorithms, much like building blocks are
essential for constructing a sturdy structure. Big data and AI
algorithms work hand in hand to create a robust ecosystem of
AI-powered solutions that empower and transform numerous
industries.
This partnership aims for Xiao-I and Chinadatapay to demonstrate
the power of integrating massive data sets with state-of-the-art
algorithms and accelerate the advancement of industry-specific, big
data-based large-scale models through intelligent data analysis,
model training, and application development enabled by Xiao-I's
cognitive intelligence technology and Chinadatapay's extensive data
resources.
Chinadatapay, a leader in China's domestic data industry, provides
consistently innovative data security solutions and has connected
data from across over 50 industries and enterprises with nearly 300
successful deployments. With the support of Chinadatapay's big data
capabilities, Xiao-I aims to further expand its technology
leadership and broaden its market applications.
Mr. Hui Yuan, Chairman and Chief
Executive Officer of Xiao-I, commented, "We are thrilled about our
partnership with Chinadatapay. As we have already established a
strong track record in implementing AI-powered solutions across
multiple sectors including finance, government, healthcare,
education, and transportation, we now look ahead to having this
partnership empower us in driving digital transformation across
numerous industries and fortifying our position as a leader in the
global cognitive intelligence market by leveraging cognitive
intelligence technology and big data."
About Xiao-I Corporation
Xiao-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 Statements
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 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 Gu
Phone: +1 5713269722
Email: ir@xiaoi.com
View original
content:https://www.prnewswire.com/news-releases/xiao-i-announces-strategic-partnership-with-chinadatapay-to-accelerate-growth-in-cognitive-ai-solutions-301805403.html
SOURCE Xiao-I Corporation