Core AI's Groundbreaking Initiative for AI Data Centers
Core AI Holdings, Inc. (NASDAQ: CHAI), a leader in mobile game development powered by artificial intelligence, is excited to share a transformative vision. The company is launching an ambitious $5 billion initiative aimed at constructing a robust network of AI data centers around the globe.
Focus on Emerging Markets
This initiative will primarily target emerging markets, with a specific focus on regions like Malaysia and Uzbekistan. Core AI believes these locations present unique opportunities for large-scale investment and partnership development. Entering these markets aligns perfectly with the company's long-term strategy to create an advanced technological infrastructure that supports the future of AI.
The Role of AI in Economic Growth
The drive towards automation and intelligent systems is pushing demand for AI and cloud-based computing solutions skyward. The global data center market, currently valued at approximately $242.72 billion, is expected to skyrocket to an estimated $691.6 billion by 2032, which translates to a compound annual growth rate (CAGR) of 11.7%. Malaysia is forecasted to see its data center market grow from $4 billion in 2024 to $13.6 billion by 2030, approximately 22.4% CAGR.
Support from Global Partners
The U.S. has recognized the significant potential in Malaysia’s data center market, leading to a historic $150 billion technology trade deal that promises to enhance infrastructure and investment capabilities. In addition, Uzbekistan is quickly emerging as a leader in Central Asia’s tech landscape, supported by governmental policies fostering digital transformation and green technologies. The nation is also launching new data center campuses in innovative urban areas like New Tashkent and Bukhara.
Building a Sustainable Future
“AI infrastructure will define the pace of progress in every industry,” said Aitan Zacharin, CEO of Core AI Holdings, Inc. “Our vision is to create a state-of-the-art, globally distributed AI infrastructure ecosystem in collaboration with both public and private partners. These emerging markets are rapidly growing, making it the perfect time to invest in innovation and digital resilience.”
Financing and Strategic Development
Core AI plans to initiate financing and development efforts that require the collaboration of government bodies, private sector investors, and major commercial banks. By leveraging existing relationships in these countries, the company aims for a synchronized approach to infrastructure planning and deployment.
Future Updates
Further specifics regarding project timelines, partnership structures, and investment strategies are expected to be shared as discussions with invested parties progress. Core AI is committed to keeping stakeholders informed and engaged throughout the development process.
About Core AI Holdings, Inc.
Core AI Holdings, Inc. combines cutting-edge technologies with a focus on artificial intelligence-driven initiatives. Through its subsidiary, Core Gaming, the company has made its mark in creating entertaining mobile games that captivate millions worldwide. With a portfolio boasting over 2,200 games and more than 800 million downloads across more than 140 countries, Core AI is dedicated to leveraging AI to enhance entertainment offerings and support developer innovation.
Core AI Investor Relations
Brett Maas
Hayden IR
chai@haydenir.com
646-536-7331
Frequently Asked Questions
What is the main goal of Core AI's new initiative?
The initiative aims to establish a global network of AI data centers, focusing on fostering innovation and supporting economic growth in emerging markets.
Which countries are being targeted for the new data centers?
Core AI is targeting Malaysia and Uzbekistan as their initial focus areas for the expansion of their AI infrastructure.
What is the projected growth of the global data center market?
The global data center market is projected to grow from $242.72 billion in 2024 to around $691.6 billion by 2032.
How does Core AI plan to finance this initiative?
Core AI intends to secure multi-billion-dollar funding through partnerships with government entities, private investors, and large commercial banks.
What role does Aitan Zacharin play in Core AI?
Aitan Zacharin is the CEO of Core AI Holdings, Inc. and is leading the charge in developing the company's vision for AI infrastructure.
