Xiao-I Announces Strategic Partnership with Chinadatapay to Accelerate Growth in Cognitive AI Solutions
24 April 2023 - 10:00PM
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 CorporationXiao-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
StatementsCertain 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 5713269722Email:
ir@xiaoi.com
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