Xiao‑I Issues Material Update On Apple AI Patent Litigation; Supreme People's Court Rejects Apple's Application To Have Xiao-I's VIE's Relevant Patents Declared Invalid And Affirmed Legality And Validity Of Such Patents In Full

Xiao-I Corporation (NASDAQ: AIXI) has provided an update on its patent infringement lawsuit against Apple, revealing that the Supreme People's Court of China has rejected Apple's application to invalidate Xiao-I's variable interest entity (VIE) patents. This ruling affirms the legality and validity of the patents in question, marking a significant victory for Xiao-I. The case has progressed through key legal stages, with the Supreme People's Court's decision being final and binding, leaving no further right of appeal for either party regarding the patent validity.