Xiao-I Corp

XIAO-I Corporation is a Cayman Islands-incorporated company that operates primarily through its subsidiaries and variable interest entity (VIE) structure in the People's Republic of China. The company provides cognitive artificial intelligence solutions with over two decades of experience in natural language processing and enterprise AI. Its business model comprises Model-as-a-Service (MaaS) offerings based on its proprietary Hua Zang large language model, as well as non-MaaS products and services including technology development services, software products, maintenance and support services, and AI-enabled hardware products. The company completed its IPO on the Nasdaq Global Market in March 2023. Its core VIE subsidiary, Shanghai Xiao-i Robot Technology Co., Ltd., which historically conducted the company's principal internet technology development activities, entered formal bankruptcy liquidation proceedings in August 2026. The company holds patents related to chatbot systems and has been involved in high-profile patent litigation against Apple regarding Siri technology. The company faces substantial going concern risks with significant accumulated deficits, negative working capital, overdue bank borrowings, multiple active bank and shareholder litigation matters, a Nasdaq listing deficiency notice, and ongoing delisting risk. Updated Oct 1, 2026