Xiao-I, a Chinese AI chatbot company, has set its sights on the global market following a successful Nasdaq IPO. Valued at over $400 million, Xiao-I is cashing in on the potential of conversational AI, especially in light of the ChatGPT fever. The company founder, Yuan Hui, quit his job at Microsoft in 2001 after attending a conference and listening to co-founder Bill Gates speak. Inspired by Gates’ success, Yuan started the AI chatbot company in 2003. The SARS outbreak in China fuelled its growth, as people were unable to leave their homes and turned to instant messaging tools like MSN and QQ. With its strong IPO performance, Xiao-I is set to dominate the global market.
Xiao-I is a Shanghai-based company that specializes in developing AI chatbots. It was founded in 2003 and became listed on the Nasdaq stock exchange in March 2021. The company has a valuation of over $400 million and is looking to expand its services globally.
Yuan Hui is the founder, chairman, and CEO of Xiao-I. He was inspired to create the company after listening to a speech by Microsoft co-founder Bill Gates. Yuan started the company in 2001 and developed the idea of an AI chatbot in 2003 during the SARS outbreak in China. Today, his company is worth over $400 million and is poised to dominate the global market for conversational AI.
