SHANGHAI, June 12,
2024 /PRNewswire/ -- Xiao-I Corporation (NASDAQ:
AIXI) ("Xiao-I" or the "Company"), a leading AI company, announces
that it entered a strategic partnership with a leading AI company in Middle East region to jointly explore and
develop AI enterprise solutions in the UAE.
Xiao-I established its Middle
East subsidiary in Abu
Dhabi in the first quarter of this year to continue
expanding its overseas market. Xiao-I's new subsidiary will serve
as a crucial hub for AI innovation and collaboration in the
Middle East. The additional
strategic partnership aims to leverage the complementary strengths
of both companies in the field of artificial intelligence,
integrating resources to address the growing demand for AI
solutions in the UAE.
Xiao-I brings to the table its robust capabilities in AI, having
demonstrated its industry leadership through the development of
innovative solutions that drive efficiency, enhance
decision-making, and enrich product and service offerings. The
company's AI prowess, combined with its strategic international
expansion, underscores its mission to bring transformative AI
solutions to a global audience.
This partnership underscores Xiao-I's strategic planning for its
overseas endeavors, showcasing the company's proactive approach to
identifying and capitalizing on emerging opportunities in the
global AI landscape. By joining forces with the Middle Eastern AI
leader, Xiao-I is well-positioned to make significant contributions
to the region's technological evolution, all while staying true to
its core mission of improving everyone's life with innovative Al
technology.
The partnership is a testament to Xiao-I's continued dedication
to pushing the boundaries of AI innovation and its unwavering
commitment to the responsible and beneficial deployment of AI
technologies across borders. Through this collaboration, Xiao-I is
excited to contribute to the enrichment of the Middle Eastern AI
ecosystem and to the broader goal of using AI to drive positive
societal impact.
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. For more information, please visit:
www.xiaoi.com.
Forward-Looking Statements
This press release contains forward-looking statements as
defined by the Private Securities Litigation Reform Act of 1995.
Forward-looking statements include statements concerning plans,
objectives, goals, strategies, future events or performance, and
underlying assumptions and other statements that are other than
statements of historical facts. When the Company uses words such as
"may," "will," "intend," "should," "believe," "expect,"
"anticipate," "project," "estimate" or similar expressions that do
not relate solely to historical matters, it is making
forward-looking statements. Forward-looking statements are not
guarantees of future performance and involve risks and
uncertainties that may cause the actual results to differ
materially from the Company's expectations discussed in the
forward-looking statements. These statements are subject to
uncertainties and risks including, but not limited to, the
following: the Company's ability to achieve its goals and
strategies, the Company's future business development and plans for
future business development, including its financial conditions and
results of operations, product and service demand and acceptance,
reputation and brand, the impact of competition and pricing,
changes in technology, government regulations, fluctuations in
general economic and business conditions in China, and assumptions underlying or related
to any of the foregoing and other risks contained in reports filed
by the Company with the U.S. Securities and Exchange Commission
("SEC"). For these reasons, among others, investors are cautioned
not to place undue reliance upon any forward-looking statements in
this press release. Additional factors are discussed in the
Company's filings with the SEC, including under the section
entitled "Risk Factors" in its annual report on Form 20-F filed
with the SEC on April 30, 2024, as
well as its current reports on Form 6-K and other filings, all of
which are available for review at www.sec.gov. The Company
undertakes no obligation to publicly revise these forward-looking
statements to reflect events or circumstances that arise after the
date hereof.
View original
content:https://www.prnewswire.com/news-releases/xiao-i-signs-strategic-partnership-with-leading-ai-company-in-middle-east-302170755.html
SOURCE Xiao-I Corporation