• Xiao-I management commentary flagged a sharp contraction in H1 2026 results as it discontinued or scaled back low-margin businesses.
• Net revenue fell to USD 1.04 million from USD 11.52 million, driven by a 99.12% drop in cloud platform products.
• Management cited intensifying price competition in China’s LLM market, including subsidized foundation-model access by larger rivals.
• Gross margin swung to a gross loss of USD 0.6 million as high-margin cloud revenue disappeared while staff costs stayed relatively fixed.
• Net loss narrowed to USD 13.05 million from USD 30.39 million as operating expenses fell, led by a steep cut in R&D.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Xiao-I Corp. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001213900-26-105823), on October 01, 2026, and is solely responsible for the information contained therein.