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Xiao-I Corporation, a leading cognitive artificial intelligence enterprise in China, announced its unaudited and unreviewed financial results for the six months ended June 30, 2023. Net revenues increased 106% year over year to a record high of US$26.5 million, and gross margin was 77.3%, up 620 basis points year over year. The company achieved this remarkable performance through their continuous investments in cutting-edge AI technology that are effectively aligned with the growing digital transformation demands of various businesses. They have also significantly expanded their product and service portfolio with the introduction of their distinguished large language model, Hua Zang.