Siyata Mobile (SYTA) Approaches Quarter-End with Momentum Building Around Core Gaming Acquisition

June 24, 2025

DENVER, Colo., Jun 24, 2025 (247marketnews.com)- Siyata Mobile (NASDAQ:SYTA) continues to progress toward the closing of its previously announced $180 million acquisition of Core Gaming, a fast-scaling AI technology and mobile entertainment platform.

With the second quarter drawing to a close, Core’s recent performance led by the global momentum of its AI COMIC app continues to validate the strategic rationale behind the transaction.

Core Gaming’s flagship AI media application, AI COMIC, experienced a sharp acceleration in user growth across key international markets. In less than one year, the combined user base in Japan and South Korea expanded from 2,500 to over 32,000 a 1,200%+ increase. During that time, the region’s share of Core’s global user base rose from 4.12% to 14.38%.

Aitan Zacharin, Core Gaming’s CEO who is slated to head the combined companies, post-merger closing, stated, “AI COMIC’s breakout success in Japan and South Korea is a powerful validation of our strategic vision. Return on investment in the region has more than tripled, driven by targeted localization efforts such as a language-optimized user interface. Just as important, the virality we are seeing through widely used platforms like TikTok and Facebook underscores how deeply users are engaging with our product.”

Powered by Core’s proprietary infrastructure including a dynamic Compute Pool System (CPS), multimodal generative models, and scalable cloud orchestration AI COMIC enables users to create high-quality, stylized content such as anime avatars, video transformations, and interactive visual experiences with minimal friction.

AI Gaming Market Outlook: Strong Global Tailwinds

Recent forecasts highlight the substantial growth opportunity across AI-enabled gaming and creative technologies:

  • Technavio (2025) projects the AI in gaming market to grow by USD 27.47 billion between 2025 and 2029, at a CAGR of 42.3%, fueled by generative graphics and AR/VR integration.
  • Market Research Future (2024) estimates an increase from USD 11.94 billion in 2025 to USD 41.75 billion by 2034, reflecting a CAGR of 14.92%, driven by adaptive experiences and machine learning.
  • Market.us (2024) forecasts USD 28.0 billion by 2033, at a CAGR of 28.4%, with Asia-Pacific leading at 45.1% of market share.
  • Allied Market Research (2023) expects the market to reach USD 11.4 billion by 2032, with a CAGR of 26.8%, supported by improvements in processing power and personalized gameplay.

These insights reflect accelerating demand for AI-based content experiences an area where Core Gaming is already delivering commercially at scale.

Zacharin added, “AI COMIC is just one example of what our platform can do. Our AI infrastructure is built for scale to transform workflows across a multitude of use cases including gaming, marketing, education and enterprise content. By automating the most time-consuming parts of creation, we empower teams to focus on storytelling and strategy. The momentum we are experiencing in Japan and South Korea is a clear signal that our technology can shape the future of creative expression on a global scale.

“We continue to work diligently to finalize the merger with Siyata and remain confident that we will secure regulatory approval in the near future, with closing expected shortly thereafter.”

The transaction remains subject to final regulatory and exchange approvals, including NASDAQ confirmation of continued listing. Siyata will provide further updates as developments occur.

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About Core Gaming

Core Gaming is an international AI-driven mobile games and applications developer headquartered in Miami, Florida. The company has developed and co-developed over 2,100 games, driven more than 780 million downloads, and reached more than 43 million monthly active users across 140 countries. Core’s mission is to build globally scalable AI products that power entertainment, productivity, and creative expression.

For more information on Core Gaming’s latest developments and offerings, visit www.coregaming.co.

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