10:31 AM EST, 11/11/2024 (MT Newswires) -- Xiao-I ( AIXI ) said Monday it entered an agreement with an undisclosed Hong Kong public sector client, expected to generate initial revenue of approximately HK$8 million ($1 million).

The collaboration will see Xiao-I ( AIXI ) deploy its HuaZang Large Language Model as the core technology, with a custom-developed chatbot to optimize the client's HR operations. The AI-driven solution will automate key HR tasks, such as personnel inquiries, onboarding, and benefits management, the company said.

"Our solution not only delivers immediate value with an initial revenue impact of 8 million HKD but also provides a flexible tool that evolves with our clients' needs," Xiao-I ( AIXI ) Chief Executive Hui Yuan said.

Xiao-I ( AIXI ) shares were down 3.1% in recent trading.

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