Xiao-I Corporation Renews and Expands Partnership with Inner Mongolia Yili, Transitioning to Subscription-Based Model for AI Services

Core Insights - Xiao-I Corporation has renewed its contract with Inner Mongolia Yili Industrial Group, marking a significant transition to a subscription-based model for its AI-driven customer service platform [1][3] - This shift to a subscription model, referred to as Model as a Service (MaaS), is expected to enhance operational efficiency and customer retention for both companies [1][2] - The partnership has been ongoing since 2021, with Xiao-I providing advanced AI solutions tailored for the fast-moving consumer goods (FMCG) sector, particularly benefiting Yili's diverse product lines [2][3] Company Overview - Xiao-I Corporation is a leading cognitive intelligence enterprise in China, specializing in a wide range of AI solutions including natural language processing, voice and image recognition, and machine learning [4] - The company has developed a robust portfolio of cognitive intelligence technologies since its establishment in 2001, aimed at promoting industrial digitization and intelligent transformation [4]