XMax announced a commercial milestone for its artificial intelligence business, reporting that it has executed multiple AI model API service agreements with an aggregate contractual value of up to approximately $25 million.
The contract value is subject to actual service usage and consumption levels.
The agreements were executed after the company launched its AI platform initiative.
The contracts cover enterprise AI model API services, cloud infrastructure integration, and value-added AI platform services.
XMax said the agreements are structured to support enterprise customers that need scalable AI inference capabilities, secure API connectivity, cloud deployment, technical support, and usage-based commercial models.
The company said the contracts demonstrate increasing commercial adoption of its AI platform and validate its strategy of providing enterprise-grade AI infrastructure and model access solutions.
Alongside its API business, XMax has entered the GPU-as-a-Service market through its first commercial GPU service agreement.
The GPU-as-a-Service business is intended to complement the company’s API platform by providing dedicated high-performance GPU computing resources to enterprise customers with AI training, inference, and high-performance computing requirements.
XMax said combining AI API services with GPU infrastructure offerings will help it build an integrated AI computing ecosystem.
The company’s platform is designed to support customers across multiple layers of AI deployment, including model access, inference APIs, and dedicated compute infrastructure.
XMax expects to continue expanding its AI API platform and GPU infrastructure offerings while pursuing additional enterprise customers, strategic partnerships, and international market opportunities.
XMax is headquartered in Commerce, California. The company, formerly known as Nova LifeStyle, is a diversified business engaged in contemporary furniture design, sourcing, and distribution, along with the development of artificial intelligence technologies and applications.
Its AI operations are being developed through wholly owned subsidiary XMax AI.
KEY QUOTES:
“Our objective has always been to build an enterprise AI platform capable of serving customers with scalable infrastructure and flexible commercial solutions. The execution of AI API service agreements with an aggregate contractual value of up to approximately $25 million, together with our expansion into GPU-as-a-Service, represents meaningful progress in executing our AI growth strategy. We believe these milestones establish an important commercial foundation for the continued expansion of our AI business.”
Mr. Lu, CEO of XMax
