Core AI Announces $5 Billion Dollar Global AI Data Center Initiative

Core Company Overview - Core AI Holdings, Inc. is embarking on a strategy to develop a vertically integrated global network of AI data centers, focusing initially on emerging markets like Malaysia and Uzbekistan [1][2][5] - The company aims to create a technological backbone for intelligent systems, driving innovation and supporting economic growth in these regions [2][5] Industry Growth and Market Potential - The global data center industry is projected to grow from $242.72 billion in 2024 to $691.6 billion by 2032, reflecting a compound annual growth rate (CAGR) of 11.7% [3] - Malaysia's data center market is expected to increase from $4 billion in 2024 to $13.6 billion by 2030, with a CAGR of 22.4% [3] - Uzbekistan is positioning itself as a central hub for IT and AI in Central Asia, supported by government initiatives and green policies aimed at net-zero operations [4][5] Strategic Partnerships and Funding - Core AI plans to seek multi-billion-dollar financing through collaborations with government entities, private investors, and global commercial banks [5] - The company has established relationships within the public and financial sectors in the targeted countries, facilitating coordinated infrastructure planning and deployment [5] Future Developments - Further details regarding project timelines, partnership frameworks, and investment roadmaps are anticipated to be announced in Q1 of 2026 or sooner [6]