Xiao-I Corporation Partners with Leading Bank to Revolutionize Knowledge Management with Advanced AI Technology

SHANGHAI,May 24,2024 -- Xiao-I Corporation (NASDAQ: AIXI) ("Xiao-I" or the "Company"),a leading AI company announces an important partnership with a major Chinese banking institution to enhance its knowledge management. This partnership is expected to revolutionize knowledge management,streamlining the access and management of business-related information across the organization.

As the banking business rapidly evolves,the challenge of managing and accessing the ever-growing and increasingly complex body of business knowledge has become more pronounced. Xiao-I's Intelligent Knowledge Management System (the System),underpinned by the Hua Zang Large Language Model,is now at the forefront. This System elevates the precision of problem-solving through intelligent search,enabling users to effortlessly retrieve business insights via natural language queries.

Encompassing the full spectrum of knowledge management,the System automates the collection and curation of knowledge. It adeptly parses and comprehends a variety of document formats,largely minimizing the reliance on manual input. The System also supports multiple languages,facilitating seamless cross-language knowledge aggregation and synthesis. Its capabilities extend to image and video content,extracting and enriching the knowledge based on multimodal abilities.

The System stands out in knowledge management by identifying and interlinking information within the knowledge base,creating a sophisticated knowledge graph. It employs natural language processing to automatically categorize and label content,thereby enhancing management efficiency. With the ability to analyze and update the knowledge base in real-time,the System ensures that the information remains current and precise.

With a user-friendly interface,the System enables interaction through simple,natural language queries. It adeptly interprets complex intentions and delivers precise answers and sources. The search functionality is not limited to text; users can utilize other modalities to search,thereby broadening the scope and accuracy of the search process. The System's contextual understanding of queries making information retrieval more intuitive and effective.

Xiao-I Corporation remains at the vanguard of artificial intelligence,dedicated to crafting innovative AI solutions that streamline business operations and elevate user experiences. With a commitment to advancing AI technology,Xiao-I continues to develop cutting-edge products and services that catalyze efficiency and foster growth across various industries.

About Xiao-I Corporation

Xiao-I Corporation is a leading cognitive intelligence enterprise in China that offers a diverse rangeof 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 itscognitive intelligence products and services with its cutting-edge,proprietary AI technologies toenable and promote industrial digitization,intelligent upgrading,and transformation. For moreinformation,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.