Core AI Enters MOU with CSPM to Develop AI Data Centers
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 4d ago
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Should l Buy CHAI?
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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About CHAI
Core AI Holdings, Inc., formerly Siyata Mobile Inc., is a global technology company. The Company is an international artificial intelligence (AI) driven mobile games developer and publisher. It creates entertaining games for players worldwide, while enabling other developers to deliver player-focused apps and games to enthusiasts. The Company focuses on building transformative and scalable offerings across multiple verticals. Its AI-driven technology leverages transformer-based pre-trained language models (such as GPT-4) and domain-specific fine-tuned models. Its technology supports multilingual generation. It offers personalized voice cloning services that require only minimal voice samples to generate natural-sounding cloned voices. Its AI-driven technology supports a variety of image transformation and generation styles, including artistic style transfer, anime conversion, and vintage filters.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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