Latest news with #AIGlasses
GSM Arena
13 hours ago
- GSM Arena
Xiaomi AI Glasses debut with 2K recording and over 8 hours of battery life, OpenWear Stereo Pro offer massive loudspeaker
Xiaomi capped off a huge event in China, where it announced a handful of new devices. One of the more interesting newcomers are the Xiaomi AI Glasses - the brand's answer to the Ray-Ban Meta. We also got a new pair of open-back wireless earphones dubbed OpenWear Stereo Pro. Xiaomi AI Glasses Xiaomi's latest glasses offer 2K (1440p) video recording at up to 30fps and rely on a screen-less interface that's entirely voice-controlled. The right temple features an integrated touch control area and you can outfit the glasses with prescription lenses or optional electrochromic ones. Xiaomi AI Glasses They weigh just 40 grams and come equipped with a 12MP camera sensor (Sony IMX681), which records first-person videos as well as live broadcasts and photos. There are five microphones with bone-conduction and wind-noise reduction. You also get dual speakers for media playback. Xiaomi AI Glasses with prescription lenses (left) and electrochromic lenses (right) Xiaomi went with Qualcomm's Snapdragon AR1 chipset and its in-house Vela OS. The AI Glasses feature a 263mAh battery, which Xiaomi claims will last for up to 8 hours and 36 minutes – double what you get with the Ray-Ban Meta. Xiaomi's glasses also feature a USB-C port, which means you can plug them directly into any charger without the need to bring their charging/carrying case. Xiaomi AI Glasses come in Black, Brown and Green colors. Pricing in China is set at CNY 1,999 ($278). Xiaomi has yet to detail if the AI Glasses will be available outside of China. Xiaomi OpenWear Stereo Pro The OpenWear Stereo Pro are Xiaomi's latest open-ear wireless earbuds. They offer a skin-friendly liquid silicone finish that's designed to be worn all day long without causing ear fatigue. OpenWear Stereo Pro feature a three-point support system with a wire ear hook made with aviation-grade titanium. The buds are IP54 rated against water and dust. You get an industry-first five-driver system consisting of a massive 18×13mm loudspeaker and sound tuning by the Harman Golden Ear Team. You also get built-in audio recording and AI-powered translation and transcription features. Battery life from the earbuds is rated at 8.5 hours while the charging case extends it to 45 hours. Xiaomi OpenWear Stereo Pro come in Gold, Black, and Silver colors with retail pricing in China set at CNY 999 ($140). Xiaomi AI Glasses • Xiaomi OpenWear Stereo Pro
Yahoo
2 days ago
- Business
- Yahoo
Meta Unveils Oakley AI Glasses With Enhanced Features, Longer Battery Life
Meta Platforms Inc. (NASDAQ:META) is one of the best Fortune 500 stocks to buy according to billionaires. On June 20, Meta announced its latest 'AI glasses,' which are developed in partnership with Oakley and are designed to appeal to both athletes and general users. These new Oakley Meta HSTN glasses, pronounced 'How-stuhn' and based on Oakley's HSTN style, build upon the technology found in Meta's existing Ray-Ban AI glasses but introduce several enhancements. Oakley Meta HSTN glasses include an IPX4 water resistance rating, which makes them suitable for active use and resistant to splashes or light rain. They also boast longer battery life and offer up to 8 hours of typical use and up to 19 hours on standby. This is more than the Ray-Ban Meta glasses' 4-hour battery life. The charging case provides an additional 48 hours of power. The integrated camera has been upgraded to record in Ultra HD 3K video, higher than the 1080p resolution of the Ray-Ban models. Powerful open-ear speakers are seamlessly integrated into the frames and allow users to listen to music, podcasts, or make calls. The glasses also include Meta AI, which enables hands-free interaction. The Oakley Meta HSTN will be available for pre-order starting July 11. Meta Platforms Inc. (NASDAQ:META) develops products that enable people to connect and share with friends and family through two segments: Family of Apps/FoA and Reality Labs/RL. While we acknowledge the potential of META as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the . READ NEXT: and . Disclosure: None. This article is originally published at Insider Monkey.
Yahoo
15-05-2025
- Business
- Yahoo
Xiao-I Corporation Announces Strong 2024 Results: Revenue Up 19% with Path to Profitability in 2025
Profitability Roadmap: Efficiency and Discipline SHANGHAI, May 15, 2025 /PRNewswire/ -- Xiao-I Corporation ("Xiao-I" or the "Company") (NASDAQ: AIXI), a global leader in artificial intelligence solutions, today announced selected audited financial results for the year 2024, highlighting approximately $70.31 million in revenue, representing a 18.8% year-over-year growth, a gross profit margin (GPM) improvement of 2 percentage points, and a significant narrowing of net loss to $14.55 million. These results position the Company to achieve profitability in 2025. Key Financial Highlights - Revenue Growth: revenue for 2024 reached approximately $70.31 million, up 18.8% year-over-year, driven by surging demand for its Hua Zang LLM - powered Model-as-a-Service (MaaS) solutions and breakthrough AI hardware sales. - Gross Profit: Gross profit increased from $39,423,570 in 2023 to $48,049,547 in 2024, representing a growth rate of approximately 21.9%. - Margin Expansion: Gross profit margin improved to 68.3%, compared to 66.6% in 2023, reflecting operational leverage from MaaS commercialization and cost-optimized deployment. - R&D Expenses: Research and development expenses totaled $34.66 million, down from $52.39 million in 2023. The 33.8% reduction reflects improved efficiency and the productization of core technologies. - Net Loss Reduction: Net loss narrowed significantly to $14.55 million in 2024, down 46.1% from $27.01 million in 2023, underscoring disciplined cost management and revenue scalability. Material Unfinished Matters During the fiscal year 2024, Xiao-I Corporation pursued legal proceedings against Apple Inc. regarding alleged patent infringement. Key developments in the case include: July 31, 2024: The trial phase of the lawsuit concluded. September 24, 2024: The Shanghai High People's Court held a hearing session, attended by legal representatives from both parties. November 1, 2024: The Shanghai High People's Court held a second hearing session. As of the date of this release, all legal processes have been completed, with all parties awaiting the court's final ruling. Management Comment "2024 marks our evolution into a mature AI-driven growth company, powered by the Hua Zang LLM foundation. Going forward, while advancing profitability through hardware innovations like AI Glasses and tAIkbox, we confront material risks requiring vigilant management. Geopolitical fragmentation—particularly US-China technology decoupling—impacts hardware procurement cycles and cross-border service deployments. Also, multi-tier supply chain resilience remains critical for AI hardware scaling, with regional conflicts posing potential component shortages. With 90% domestic operational anchoring, MaaS model's tariff-agnostic nature provides partial insulation, while AI-driven G&A optimization below 15% of revenue enhances risk absorption capacity. Management remains committed to disciplined execution across these vectors to achieve 2025 profitability targets." About Xiao-I Corporation Xiao-I Corporation is a leading cognitive intelligence enterprise in China that offers a diverse range of business solutions and services in artificial intelligence, covering natural language processing, voice and image recognition, machine learning, and affective computing. Since its inception in 2001, the Company has developed an extensive portfolio of cognitive intelligence technologies that are highly suitable and have been applied to a wide variety of business cases. Xiao-I powers its cognitive intelligence products and services with its cutting-edge, proprietary AI technologies to enable and promote industrial digitization, intelligent upgrading, and transformation. For more information, please visit: Forward-Looking Statements This press release contains forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements that are other than statements of historical facts. When the Company uses words such as "may," "will," "intend," "should," "believe," "expect," "anticipate," "project," "estimate" or similar expressions that do not relate solely to historical matters, it is making forward-looking statements. Forward-looking statements are not guarantees of future performance and involve risks and uncertainties that may cause the actual results to differ materially from the Company's expectations discussed in the forward-looking statements. These statements are subject to uncertainties and risks including, but not limited to, the following: the Company's ability to achieve its goals and strategies, the Company's future business development and plans for future business development, including its financial conditions and results of operations, product and service demand and acceptance, reputation and brand, the impact of competition and pricing, changes in technology, government regulations, fluctuations in general economic and business conditions in China, and assumptions underlying or related to any of the foregoing and other risks contained in reports filed by the Company with the U.S. Securities and Exchange Commission ("SEC"). For these reasons, among others, investors are cautioned not to place undue reliance upon any forward-looking statements in this press release. Additional factors are discussed in the Company's filings with the SEC, including under the section entitled "Risk Factors" in its annual report on Form 20-F filed with the SEC on May 15, 2025, as well as its current reports on Form 6-K and other filings, all of which are available for review at The Company undertakes no obligation to publicly revise these forward-looking statements to reflect events or circumstances that arise after the date hereof. For investor and media inquiries, please contact:Ms. Berry XiaEmail: ir@ XIAO-I CORPORATION CONSOLIDATED BALANCE SHEETS (In U.S. dollars, except for share and per share data, or otherwise noted) As of December 31,2023 2024Assets Current assets: Cash and cash equivalents$ 1,564,542 $ 846,593Restricted cash 20,676-Accounts receivable, net 28,326,98555,543,017Amounts due from related parties, current -13,587,536Inventories 67,82614,362Contract costs 1,691,2932,502,678Advance to suppliers 1,149,6423,205,098Prepaid expenses and other current assets, net 5,233,553792,732Total current assets 38,054,51776,492,016 Non-current assets: Property and equipment, net 2,125,6291,867,736Intangible assets, net 212,445143,370Long-term investments 2,650,4582,497,594Right of use assets 2,431,475833,030Prepaid expenses and other non-current assets 7,000,3573,677,728Amount due from related parties, non-current 13,859,350-Total non-current assets 28,279,7149,019,458 TOTAL ASSETS$ 66,334,231 $ 85,511,474 Liabilities Current liabilities: Short-term borrowings$ 26,760,940 $ 32,879,865Accounts payable 13,674,33927,131,439Amount due to related parties, current 704,947217,068Deferred revenue 1,654,1452,385,228Convertible loans -216,756Accrued expenses and other current liabilities 13,938,25323,289,453Lease liabilities, current 929,755483,658Total current liabilities 57,662,37986,603,467 Non-current liabilities: Amount due to related parties, non-current 7,905,2907,336,833Accrued liabilities, non-current 7,759,4747,043,185Lease liabilities, non-current 1,473,950295,962Total non-current liabilities 17,138,71414,675,980TOTAL LIABILITIES 74,801,093101,279,447 Commitments and Contingencies --Shareholders' deficit Ordinary shares (par value of $0.00005 per share; 1,000,000,000 shares and 1,000,000,000 shares authorized as of December 31, 2023 and 2024, respectively; 24,015,592 shares and 31,949,038 shares issued and outstanding as of December 31, 2023 and 2024, respectively)$ 1,201 $ 1,598Preferred shares (par value of $0.00005 per share; 3,700,000 preferred shares authorized as of December 31, 2023 and 2024, respectively; 3,700,000 preferred shares issued and outstanding as of December 31, 2023 and 2024, respectively) 185185 Additional paid-in capital 108,729,047115,745,140 Statutory reserve 237,486237,486 Accumulated deficit (110,833,045)(125,338,509) Accumulated other comprehensive loss (2,998,562)(2,848,314) XIAO-I CORPORATION shareholders' deficit (4,863,688)(12,202,414) Non-controlling interests (3,603,174)(3,565,559)Total shareholders' deficit (8,466,862)(15,767,973)TOTAL LIABILITIES AND SHAREHOLDERS' DEFICIT$ 66,334,231 $ 85,511,474 XIAO-I CORPORATIONCONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS(In U.S. dollars, except for share and per share data, or otherwise noted) For the years ended December 31,2022 2023 2024Sale of software products$ 3,547,113 $ 1,566,455 $ 1,516,169Sale of hardware products 46,29575,3631,395,345Technology development service 16,419,8897,839,70024,105,644M&S service 2,429,5262,676,1852,419,901Sale of cloud platform products 25,742,13547,007,55640,877,256Net revenues 48,184,95859,165,25970,314,315Cost of sale of software products (888,220)(834,570)(98,442)Cost of sale of hardware products (25,141)(51,201)(583,939)Cost of technology development service (12,194,044)(6,059,330)(10,444,827)Cost of M&S service (1,255,973)(971,417)(781,258)Cost of sale of cloud platform products (3,015,766)(11,825,171)(10,356,302)Cost of revenues (17,379,144)(19,741,689)(22,264,768)Gross profit 30,805,81439,423,57048,049,547 Operating expenses: Selling expenses (3,911,818)(4,550,997)(3,320,886)General and administrative expenses (6,028,637)(4,407,215)(22,940,916)Research and development expenses (24,001,138)(52,387,540)(34,658,779)Total operating expenses (33,941,593)(61,345,752)(60,920,581) Loss from operations (3,135,779)(21,922,182)(12,871,034) Other income/(expenses): Investment (loss)/income (143,181)75,542(81,618)Interest expenses, net (2,440,815)(2,323,341)(2,319,820)Foreign currency exchange (loss)/gain (68,902)2,7893,864Other income, net 444,018949,116717,280Total other expenses (2,208,880)(1,295,894)(1,680,294) Loss before income tax expense (5,344,659)(23,218,076)(14,551,328)Income tax expense (660,655)(3,787,692)-Net loss$ (6,005,314) $ (27,005,768) $ (14,551,328)Net loss attributable to non-controlling interests (106,779)(543,961)(45,864)Net loss attributable to XIAO-I CORPORATIONshareholders (5,898,535)(26,461,807)(14,505,464)Other comprehensive income Foreign currency translation change, net of nil income taxes 403,816303,114233,727Total other comprehensive income 403,816303,114233,727Total comprehensive loss$ (5,601,498) $ (26,702,654) $ (14,317,601)Total comprehensive income/(loss) attributable to non- controlling interests 95,280(504,951)37,615Total comprehensive loss attributable to XIAO-I CORPORATION shareholders (5,696,778)(26,197,703)(14,355,216)Loss per ordinary share attributable to XIAO-I CORPORATION shareholders Basic (0.27)(1.12)(0.56) Diluted (0.27)(1.12)(0.56)Weighted average number of ordinary sharesoutstanding Basic 22,115,59223,646,00325,760,207Diluted 22,115,59223,646,00325,760,207 View original content: SOURCE Xiao I Corporation Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
