Chinese cognitive AI enterprise Xiao-I experienced a bumpy debut on the US Nasdaq Global Market on Thursday, under the stock ticker AIXI. Its opening value of $6.8 per share was unchanged from the issue price, and the firm saw its stock close down 14.56% at $5.81. The Shanghai-headquartered company offers business solutions and services in artificial intelligence that cover natural language processing, voice and image recognition, machine learning, and automatic computing. Xiao-I’s founder and CEO Yuan Hui said at the listing ceremony that the company aimed to build a Chinese version of ChatGPT. The firm is prioritizing the development of its own intellectual property and has already realized large-scale commercialization, added Yuan. [Jiemian, in Chinese]