Xiao-I (NASDAQ: AIXI) is leveraging its existing relationships and signing new clients at an impressive pace. The company has announced nearly a dozen new products or relationships utilizing its AI platforms in the past two months. Competition remains intense in the AI market and we think investors are questioning if Xiao-I has the financial capacity to remain competitive across multiple industries as private and public companies continue to invest heavily in its core markets. We are adjusting our price target to $2.00 to reflect the higher number of ADS outstanding and the discount applied by the market to smaller AI companies like Xiao-I.
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25 Jun 2024
AIXI: Announces numerous real-world AI applications. The company's financial condition remains a concern.
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AIXI: Announces numerous real-world AI applications. The company's financial condition remains a concern.
Xiao-I (NASDAQ: AIXI) is leveraging its existing relationships and signing new clients at an impressive pace. The company has announced nearly a dozen new products or relationships utilizing its AI platforms in the past two months. Competition remains intense in the AI market and we think investors are questioning if Xiao-I has the financial capacity to remain competitive across multiple industries as private and public companies continue to invest heavily in its core markets. We are adjusting our price target to $2.00 to reflect the higher number of ADS outstanding and the discount applied by the market to smaller AI companies like Xiao-I.