AIXI News

Major advancements in artificial intelligence (AI) have attracted billions of dollars in new investment, and the IPO market has taken notice. The percentage of US IPOs referencing AI in their prospectuses has climbed in each of the past six years, and leapt to 54% in the year-to-date period. These references range from explanations of how a company uses AI, its plans to adopt the...read more

Two IPOs priced this past week, led by energy play Atlas Energy Solutions (AESI), which completed the second largest IPO of the year to date. Several small deals delayed (IZM, NAVA, NFTU, OPHV), and in an uncommon move, online retailer PishPosh (BABY) postponed its $9 million IPO one day after announcing pricing. Frac sand miner...read more

Xiao-I, a Chinese cognitive intelligence company focused on conversational AI, raised $39 million by offering 5.7 million ADSs at $6.80, the low end of the range of $6.80 to $8.80. The company offered 0.3 million fewer ADSs than anticipated. Operating through Shanghai Xiao-i, the company has developed a portfolio of cognitive intelligence technologies for businesses based on...read more

After a slow end to February, the IPO market is set to get a boost from energy play Atlas Energy Solutions (AESI). What would be the year's second largest IPO to date, frac sand miner Atlas Energy Solutions plans to...read more