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Core AI Holdings (Nasdaq: CHAI) announced it has signed and closed a definitive agreement to divest Siyata Mobile and subsidiaries effective December 29, 2025.
The company said the divestiture eliminates approximately $12 million in annual cash burn, reduces net loss for the nine months ended September 30, 2025 from $12.5M to $4.8M (an $8.7M improvement), and simplifies the balance sheet. Transaction consideration includes $100,000 cash up front plus three annual earn-outs equal to the greater of $200,000 or 1% of Siyata gross revenue per year, as reported in audited IFRS financials.
Pro forma balance-sheet changes: total assets declined by $20.0M (to $31.6M) and total liabilities declined by $4.1M (to $18.3M).
Core AI (Nasdaq: CHAI) will host an investor conference call on Thursday, December 4, 2025 at 4:00 p.m. Eastern Time to review operational progress and preview the company's 2026 outlook and strategic priorities aimed at long-term growth.
Dial-in and webcast details are provided for both domestic and international participants, and a replay will be available with the listed passcode.
Core AI (Nasdaq: CHAI) announced creation of Core Digital, a wholly-owned subsidiary to enter the digital marketing sector and extend Core AI’s proprietary content intelligence beyond gaming. The subsidiary will combine the company’s machine learning and media analytics platform to offer AI-driven digital marketing, advertising delivery, creator technologies and audience engagement.
Core Digital aims to establish an operational presence in Asia and expects to be operational by Q1 2026, supporting Core AI’s strategy to capture additional revenue streams and expand its AI footprint in high-growth digital media segments.
Core AI (Nasdaq: CHAI) announced a $5.0 billion global AI data center initiative on November 13, 2025 to build a vertically integrated network of AI data centers focused initially on Malaysia and Uzbekistan. The company said it will pursue multi‑billion dollar financing with governments, private investors and global commercial banks and leverage existing public‑sector relationships.
The release cites market context: global data center market size of $242.72 billion in 2024 with a projected $691.6 billion by 2032 (CAGR 11.7%), Malaysia market growth from $4B in 2024 to $13.6B by 2030 (CAGR 22.4%), and a recent $150 billion U.S.–Malaysia technology trade deal. Further project details and timelines are expected in Q1 2026 or sooner.
Core AI Holdings (Nasdaq: CHAI) provided an operating update for the first half of 2025 on Oct 23, 2025, reporting significant user scale and disclosed financials.
Key metrics as of June 30, 2025: 820 million cumulative downloads, 18.4 million MAU, and 2,281 mobile apps released. Reported H1 segment and consolidated results: Revenue $33.4M consolidated (Core Gaming $28.9M; Siyata Mobile $4.5M) and Consolidated net loss $8.6M (Siyata Mobile net loss $7.6M; Core Gaming net loss $0.8M).
The company announced a strategic objective to reach $300 million in annual revenue within 36 months, citing AI-driven content, live-ops expansion, and M&A/joint-venture activity as growth levers. The company will host a quarterly earnings call when it reports Q3 2025 results.
Core AI Holdings (Nasdaq: CHAI) on October 15, 2025 announced expansion into AI-driven music production with LikeMusic.ai, a web-based platform by subsidiary Core Gaming that generates production-quality music and lifelike vocals for video, advertising and games.
The platform integrates third-party models (Suno, Mureka) with Core Gaming’s proprietary optimization, supports API and batch generation, produces tracks typically 2–4 minutes long, and has been integrated into Core Gaming’s pipeline, delivering an approximately 40% increase in production efficiency and reduced licensing reliance.
Core AI (Nasdaq: CHAI) launched VoicePix 2.0 on October 9, 2025, an upgraded AI audio platform that upgrades its Text-to-Speech engine to version 2.0 with next‑generation multi‑modal capabilities.
Key features include AI voice cloning from minimal data, text-to-music and lyric generation, custom voice avatars, enhanced sharing tools, and multilingual, emotion-rich synthesis powered by CosyVoice and SoVits architectures. Early production partners report >50% reductions in dubbing time and voiceover costs. VoicePix 2.0 is deployed in short‑form drama and digital content workflows and remains integrated within Core Gaming’s Creative AI Suite.
Siyata Mobile (NASDAQ:CHAI) closed its merger with Core Gaming on October 3, 2025, and the combined company was renamed Core AI Holdings, Inc.
The deal issued 67,302,300 common shares to Core Gaming shareholders based on a $160,000,000 exchange ratio tied to the 10‑day VWAP. Core Gaming reported FY2024 revenue of $79 million and > 780 million lifetime downloads. A 1-for-4 reverse stock split becomes effective Oct 7, 2025, reducing outstanding shares from 79,689,523 to 19,922,381. Post-split shares will trade on Nasdaq as CHAI with new CUSIP 83013Q871.
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