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Chinese AI Co. Hit With Investor Suit Over Nasdaq Compliance

By Sydney Price ( October 16, 2024, 9:34 PM EDT) -- China-based artificial intelligence company Xiao-I Corp. was hit with a proposed investor class action in New York federal court alleging it downplayed increasing research and development costs that it was incurring, increasing the likelihood that it would fail to comply with the Nasdaq Stock Market's minimum price requirement after going public....

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