Xiao-I Corporation reported its financial results for the full fiscal year 2023, with revenues reaching $59.2 million. The company also announced a net loss of $27 million for the year.
Research and development expenses continued to be a significant factor, growing by 118.3% year-over-year. This substantial investment reflects the company's ongoing commitment to developing its advanced Large Language Models and AI technologies.
The reported figures indicate continued growth in revenue but also highlight the substantial costs associated with the company's innovation and expansion efforts in the competitive AI industry.
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