Core AI Enters MOU with CSPM to Develop AI Data Centers
Core AI Holdings entered into a Memorandum of Understanding with CSPM Resources, a Malaysian data center developer, to pursue next-generation AI-ready data center opportunities in the region. "This partnership represents an important execution milestone in our global AI data center initiative," said Aitan Zacharin, CEO. "Global hyperscalers are investing billions of dollars in Malaysia, including major commitments from Amazon Web Services, Oracle, Google, TikTok, and Microsoft, and partnering with CSPM positions Core AI to capitalize on the opportunities created by these investments. As hyperscalers increasingly require turnkey, AI-optimized facilities, CSPM stands out as one of the region's most experienced developers and trusted partners. We believe that by leveraging CSPM's technology, high level technical expertise, and deep industry and government relationships we will have an advantage in the market. Together, we see a compelling opportunity to capture a meaningful share of these multi-billion-dollar investments by repositioning existing facilities for the AI era." Through the partnership Core AI and CSPM plan to identify existing edge computing data centers and retrofit and expand them into Tier 3 or Tier 4 AI-capable facilities. By leveraging existing facilities, power access and network connectivity, our collaboration is designed to significantly shorten development timelines, with operational readiness potentially achieved in approximately 12 months. Once upgraded, the facilities are expected to be operated as co-location assets or positioned for sale to hyperscalers seeking fully built, AI-ready infrastructure.
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- Acquisition Deal: SoftBank Group announced its agreement to acquire DigitalBridge Group for approximately $4 billion, aiming to accelerate the expansion of global AI infrastructure by integrating resources, thereby enhancing its competitive position in the rapidly growing AI market.
- Market Reaction: This acquisition is expected to strengthen SoftBank's portfolio in the AI sector, particularly in data center and cloud computing services, further boosting its market share globally.
- Strategic Significance: Through this transaction, SoftBank will not only leverage DigitalBridge's technological advantages but also optimize its AI infrastructure layout worldwide to meet the increasing market demand.
- Future Outlook: This move signifies SoftBank's ongoing commitment to investing in AI, which is anticipated to yield long-term revenue growth opportunities, especially against the backdrop of rising global demand for AI solutions.
- Revenue Surge: Anghami Inc. reported a remarkable 97% year-over-year revenue increase in its latest earnings, showcasing its strong growth potential in the Arab music streaming market and further solidifying its market position.
- Stock Price Rally: Following the positive earnings report, Anghami Inc.'s stock surged 56% in pre-market trading, reflecting investor optimism about the company's future prospects and potentially attracting more investor interest.
- Enhanced Market Competitiveness: With significant revenue growth, Anghami not only strengthens its competitive edge in the fiercely contested streaming industry but also positions itself for sustainable long-term growth by expanding its user base.
- Strategic Investment Opportunity: The positive performance in this earnings report presents new investment opportunities for potential investors, especially against the backdrop of rising digital content consumption in the Arab region, making Anghami's market outlook increasingly promising.
- Strategic Restructuring: Core AI Holdings has completed the divestiture of Siyata Mobile to streamline operations and reallocate capital towards its core artificial intelligence initiatives, thereby better aligning its asset base with corporate strategy.
- Financial Improvement: The divestiture is expected to eliminate approximately $12 million in annual cash burn, significantly reduce losses, and simplify the balance sheet, enhancing the company's financial profile.
- Revenue Potential: Under the agreement, Core AI will receive an initial cash consideration of $100,000, with additional earn-out potential tied to Siyata's performance, which could further enhance future revenue prospects.
- Growth Positioning: Post-divestiture, Core AI is positioned with a leaner cost structure and a clearer growth mandate, enabling aggressive investments in advancing its AI platform and pursuing high-return growth opportunities.
- Strategic Restructuring: Core AI Holdings has completed the divestiture of Siyata Mobile, effective immediately, which reduces annual cash burn by approximately $12 million, significantly improving the company's financial condition and simplifying its balance sheet.
- Financial Improvement: As of September 30, 2025, Core AI's net loss decreased from $12.5 million to $4.8 million, representing an $8.7 million improvement primarily driven by the removal of Siyata's operating expenses, enhancing the company's financial health.
- Asset and Liability Optimization: The transaction resulted in total assets decreasing from $51.6 million to $31.6 million, reflecting a $20 million reduction associated with the divested business, while total liabilities fell from $22.4 million to $18.3 million, further strengthening the company's financial foundation.
- Focus on Core Business: By divesting, Core AI can concentrate more on its artificial intelligence strategy, with plans to increase investments in its AI platform, which is expected to drive sustainable revenue growth and enhance long-term shareholder value.
- Strategic Restructuring: Core AI Holdings has completed the divestiture of Siyata Mobile, effective immediately, which reduces annual cash burn by approximately $12 million, significantly improving the company's financial condition and simplifying its balance sheet.
- Financial Improvement: As of September 30, 2025, Core AI's net loss decreased from $12.5 million to $4.8 million, representing an $8.7 million improvement primarily driven by the removal of Siyata's operating expenses, thereby enhancing the company's financial health.
- Asset and Liability Optimization: The transaction led to a reduction in total assets from $51.6 million to $31.6 million, reflecting a $20 million decrease, while total liabilities dropped from $22.4 million to $18.3 million, further strengthening the company's financial stability.
- Focus on Core Business: By divesting, Core AI can concentrate more on its artificial intelligence strategy, improve operating leverage, and is expected to drive sustainable revenue growth and enhance long-term shareholder value.
- Conference Call Details: Core AI Holdings will host an investor conference call at 4 p.m. ET on December 4, 2025, where management will review operational progress and outline strategic developments aimed at driving sustainable long-term growth.
- Global Impact: As a global AI-driven mobile games developer and publisher, Core AI has developed over 2,200 games, achieved over 800 million downloads, and established a global footprint of 40 million users across more than 140 countries, highlighting its significant position in the industry.
- Technology-Driven Mission: Core AI's mission is to harness the power of artificial intelligence to build transformative and scalable offerings across multiple verticals, aiming to enhance player experiences and drive industry innovation.
- Investor Relations: The call will be accessible via phone and webcast, providing convenient participation options that enhance communication between the company and its investors, reflecting its commitment to transparency and investor engagement.










