Following a notable close at $6.40, reflecting a remarkable rise of 20.98%, shares of Xiao-I Corporation (NASDAQ: AIXI) continued their upward momentum into today’s trading session. As per the latest pre-market check, AIXI stock surged by 5.47%, reaching $6.75. This increase occurs in the absence of significant news, prompting an examination of recent developments that may be influencing the stock’s performance.
Xiao-I Announced Renewal of Key Contracts
Xiao-I (AIXI) has recently announced the renewal of its contract with Inner Mongolia Yili Industrial Group Co., Ltd., underscoring a sustained partnership that is poised to evolve. This renewal signifies a pivotal change, as Yili transitions its AI-driven customer service platform to a subscription-based model. This strategic move aims to optimize service delivery and enhance operational efficiency.
AIXI Customers Adopting Model as a Service (MaaS)
The shift to a subscription model, referred to as Model as a Service (MaaS), reflects a growing trend within the software and artificial intelligence sectors. This approach provides clients like Yili with increased flexibility and scalability, which are crucial in today’s fast-paced market. Furthermore, this transition is anticipated to bolster Xiao-I’s long-term financial health by fostering stronger customer retention and improving cash flow predictability.
Enhancing Customer Experience
Since 2021, Xiao-I has supplied Yili with innovative AI solutions, including an advanced intelligent voice customer service platform tailored for the fast-moving consumer goods (FMCG) sector. With the help of AIXI’s Hua Zang large language model (LLM), the enhanced platform greatly improves Yili’s ability to handle a huge number of client questions concerning its wide variety of products, which includes bottled water, dairy products, and drinks.
Yili, the biggest dairy firm in China, is regarded as one of the top five dairy companies in the world due to its extensive range of products. Xiao-I and Yili have developed a stronger cooperation over time, based on a basis of ongoing innovation and mutual trust. With Yili’s transition to a subscription-based service model, Xiao-I (AIXI) is well-positioned to expand its offerings and further support Yili’s commitment to delivering world-class products.
