Core AI Holdings Divests Siyata, Reducing Annual Cash Burn by $12 Million
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Dec 29 2025
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Source: Newsfilter
- 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.
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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.
