Xiao-I Corporation (NASDAQ:AIXI) shares are up during Tuesday’s premarket session. Last week, the company issued an additional material update on its ongoing patent infringement lawsuit against Apple Inc. (NASDAQ:AAPL).
The lawsuit involves claims that Apple infringed the VIE’s intellectual property covering core artificial intelligence technology.
The Supreme People’s Court recently ruled against Apple, rejecting its appeal to invalidate Xiao-I’s patents. This ruling is seen as a significant win for the company, which is focused on advancing its AI technologies.
Lawsuit Preceedings
On November 1, 2024, the Shanghai High People’s Court held the second hearing in the case, following the conclusion of the trial phase on July 31, 2024.
On September 3, 2024, Apple appealed to invalidate the core AI patents of Xiao-I’s VIE, which underpin the infringement claims.
On March 27, 2026, the Supreme People’s Court issued its final second-instance judgment, rejecting Apple’s request.
Company Context
Xiao-I is an AI industrialization company focusing on the AI Cognitive Intelligence platform. The platform combines six core technologies, including Natural Language Processing, Speech Processing, Computer Vision, Machine Learning, Affective Computing, Data Intelligence, and Hyper-automation.
The company develops products and solutions across various sectors, including finance, healthcare, and public services. The recent legal victory reinforces its position in the competitive AI landscape, potentially enhancing its market credibility and future growth prospects.
AIXI Stock Price Activity: Xiao-I shares were up 32.50% at $1.06 during premarket trading on Tuesday, according to Benzinga Pro data.
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