Core AI Holdings Inc. (CHAI) jumped into the AI home design race on Thursday with the launch of HomeGPT, an app that lets you snap a photo of your living room and instantly reimagine it with new furniture, colors, or even a full renovation. The app, which runs on the company's own multimodal AI infrastructure, can handle interiors, exteriors, gardens, floor plans — you name it.
But investors weren't in a decorating mood. The stock fell 4.74% to $1.30 on Thursday, a day after Core AI announced a $5.4 million registered direct offering. That deal involves selling 1.97 million common shares and 3.98 million pre-funded warrants to an institutional investor. The proceeds are earmarked for AI development, infrastructure, and working capital — but the dilutive effect is what traders are focused on.
HomeGPT's launch comes with some impressive numbers. During a three-month beta across North America, Japan, and South Korea, the app's active user base grew from about 2,000 to over 130,000. Users completed more than 380,000 AI design tasks, and paid conversion rates jumped 210% compared to earlier product versions. The app is now available on Apple's App Store and Google's Play Store, using a subscription-plus-credit model.
Core AI is more than just a home design play. Through its subsidiary Core Gaming, the company develops and publishes mobile games using AI tools. Core Gaming has racked up over 800 million downloads and serves more than 40 million users across 140 countries. So while HomeGPT is the shiny new thing, the gaming business provides a solid foundation.
For now, the market is focused on the financing, not the floor plans. But if HomeGPT can replicate its beta success at scale, Core AI might have a new growth engine — one that doesn't require a photo of your cluttered living room to get started.














