Core AI Holdings Forms Joint Venture with Optimus Technology Group
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Mar 12 2026
0mins
Should l Buy CHAI?
Core AI Holdings announced the formation of a joint venture with Optimus Technology Group to create OptiCore data centers. The JV will be dedicated to developing and operating sovereign AI data centers near the nation's leading research universities. Building on Optimus' decades of experience, OptiCore will focus on serving the 187 R1-designated universities across the United States- institutions recognized for their very high research activity and significant government and industry partnerships. "We're excited for this opportunity to collaborate with Optimus and bring next-generation data center infrastructure to the nation's most advanced research institutions," said Aitan Zacharin, CEO of Core AI Holdings, Inc. "This joint venture unlocks significant new market opportunities for Core AI and our partner, offering advanced data center services that can help accelerate AI research at the nation's most prestigious universities. By offering secure, high-performance data centers near R1 campuses, OptiCore will position us at the forefront of AI infrastructure innovation and enable researchers to drive breakthroughs in predictive modeling, generative AI and practical applications."
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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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- 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.
See More
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- 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.
See More
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- 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.
See More
