Xiao-I Corporation Renews and Expands Partnership with Inner Mongolia Yili, Transitioning to Subscription-Based Model for AI Services
XIAO-I Corporation (AIXI)
Company Research
Source: PR Newswire
SHANGHAI, Sept. 19, 2024 /PRNewswire/ -- Xiao-I Corporation (NASDAQ: AIXI) ("Xiao-I" or the "Company"), a leading artificial intelligence company, today announced the renewal of its contract with Inner Mongolia Yili Industrial Group Co., Ltd. ("Yili") (A Share:600887). This renewal continues a long-standing partnership and marks an important shift, as Yili transitions its AI-driven customer service platform to a subscription-based model, optimizing service delivery and increasing operational efficiency. This transition to a subscription model, known as Maas (Model as a Service), represents a new business model that Xiao-I has been actively promoting. It reflects a broader trend in the software and AI industries, offering greater flexibility and scalability for clients like Yili. The shift is also expected to contribute to Xiao-I's long-term financial stability by creating stronger customer retention and improving cash flow predictability.Since 2021, Xiao-I has provided Yili with cutti
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AIXI
News
- Xiao-I Corporation Renews and Expands Partnership with Inner Mongolia Yili, Transitioning to Subscription-Based Model for AI Services [Yahoo! Finance]Yahoo! Finance
- Bronstein, Gewirtz and Grossman, LLC Initiates an Investigation into Allegations Against Xiao-I Corporation (AIXI) And Encourages Stockholders to Reach OutAccesswire
- The Schall Law Firm Is Looking Into Whether Xiao-I Corporation Violated Securities Laws And The Firm Encourages Shareholders To Reach OutAccesswire
- Bronstein, Gewirtz and Grossman, LLC Initiates an Investigation into Allegations Against Xiao-I Corporation (AIXI) And Encourages Shareholders to Reach OutAccesswire
- Xiao-I Corporation (AIXI) Investigation: Bronstein, Gewirtz & Grossman, LLC Encourages Investors to Seek Compensation for Alleged WrongdoingsGlobeNewswire
AIXI
Sec Filings
- 9/11/24 - Form 6-K
- 9/5/24 - Form 6-K
- 8/27/24 - Form 6-K
- AIXI's page on the SEC website