I think it is a relatively common abbreviation used in informal writing online, similar to "AFAIK" or "AFAICT" (maybe those are not so common?) but admittedly less common than "QED" or "etc." Yes, it means "as far as I understand it."
Like some other commenters, I skipped right over it rather than try to parse it.
https://trends.google.com/trends/explore?date=all&geo=US&q=a...
AFAIK: 8,600,000 AFAICT: 346,000 AFAIUI: 14,600