DealsMay 22, 2026, 09:44 AM
XMax AI Secures New API Services Agreement for up to $3.6M Annually
AI Summary
XMax Inc.'s wholly owned subsidiary, XMax AI Inc., has entered into an additional AI Model API Services Agreement with a new customer. This one-year agreement is projected to generate up to $3.6 million in annual revenue by providing API-based access to artificial intelligence models and related cloud infrastructure services. XMax's CEO, Xiaohua Lu, stated that this agreement validates the growing demand for their AI infrastructure and API platform, marking an important milestone in the expansion of their AI business and long-term growth prospects.
Key Highlights
- XMax AI signed a new AI Model API Services Agreement with a new customer.
- The agreement is expected to generate up to $3.6 million in annual revenue.
- The initial term of the agreement is one year.
- XMax AI will provide API-based access to AI models and cloud infrastructure services.
- The agreement features weekly prepaid billing and recurring usage-based revenue.
- CEO Xiaohua Lu noted growing demand for XMax's AI infrastructure and platform.
- The deal supports XMax's strategy to expand its AI business and recurring revenue.
Price Impact
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