Xiao-I (AIXI) shares more than tripled on April 7 after the Supreme People’s Court of China denied Apple's (AAPL) petition to invalidate the company’s core artificial intelligence (AI) patents. The ruling represents the highest and final judicial determination on the matter, leaving AAPL with no further avenue to challenge the legitimacy of these patents.
In recent hours, Xiao-I stock has pulled back from its intraday peak, but is still up more than 100% versus the previous close.
