Core AI Holdings

Core AI reported second-quarter revenue of $22.4 million, up 56% year over year, and reduced its gross loss to about $11,000 (prior year: $397,000). The revenue increase was mainly driven by higher advertising revenue from mobile games following optimizations in ad placements and user acquisition. In Q2 the company posted a net loss of $1.6 million; for the first half, revenue was $26.1 million and the gross loss was $3.1 million. Core AI improved operating cash flow to $5.5 million, increased liquid funds to $12.0 million, closed four joint ventures for AI data centers, and received about $4.6 million from a private placement, although no projects or financing commitments have yet been made to the joint ventures. » More on de.investing.com

Core AI has launched Z Studio as a business unit that consolidates product strategy, development, user acquisition and monetization for AI consumer applications. Z Studio currently includes products such as HomeGPT, AICalfit and PlantCare, oversees 16 product development teams and is working on 129 internal prototypes; 27 prototypes ran live market-validation campaigns with paid user acquisition in the past 30 days. The company emphasizes that these activity metrics do not indicate commercial launches, revenue or profitability and positions Z Studio as a platform to identify and scale new AI business models alongside its existing Core Gaming business. » More on de.investing.com

Core AI has released the HomeGPT app, a multimodal AI platform for interior and exterior design, garden planning and 3D floorplan conversion. During a three-month beta, active users rose from about 2,000 to over 130,000 and the conversion rate to paid subscriptions increased by roughly 210%; users generated more than 380,000 design tasks. Monetization is via a subscription-and-credits model; future features such as furniture shopping lists and e-commerce recommendations are planned. Despite 58.6% revenue growth over the past twelve months, Core AI is struggling with heavy cash burn and remains unprofitable; the stock has recently become significantly more volatile and is considered overvalued according to analysis. » More on de.investing.com