Core AI Holdings Emerges from Merger to Target $126 Billion Mobile AI Gaming Market

The recent merger between Siyata Mobile Inc. and Core Gaming, Inc. has created Core AI Holdings Inc., a new entity targeting the intersection of artificial intelligence and mobile gaming. The all-stock deal valued Core Gaming at $160 million and transforms what was primarily a hardware-focused communications company into an AI-driven gaming and applications enterprise.

Core AI Holdings now trades under the ticker CHAI on the Nasdaq, marking a significant strategic shift from Siyata Mobile's previous focus on Push-to-Talk over Cellular handsets and accessories. CEO Aitan Zacharin emphasized the company's positioning in the fast-growing mobile gaming industry, stating their strategy centers around harnessing artificial intelligence to build scalable offerings that expand beyond gaming into other verticals.

The merger positions Core AI Holdings at the center of two rapidly expanding markets. The global mobile AI gaming market currently stands at $126 billion and is projected to reach $164 billion by 2030, according to industry projections available at https://www.newmediawire.com. Meanwhile, the global AI app market is valued at approximately $2.6 billion today with forecasts suggesting growth to $26 billion by 2030.

Core Gaming brings substantial existing infrastructure to the merger, having established itself as a leading developer and publisher of immersive mobile and cloud-based gaming solutions. The company reported $79 million in revenue last year, supported by a diverse portfolio of approximately 2,100 proprietary titles. Their gaming platform boasts over 78 million downloads and a global user base exceeding 40 million users across 140 countries.

Business demand for AI-powered applications is driving market growth as companies seek to enhance efficiencies, automation, productivity, and customer service. In the gaming sector, immersive experiences and social engagement are fueling expansion. Zacharin believes Core AI Holdings is well-positioned to capture significant market share by delivering AI-powered experiences that create deeper engagement and drive broader adoption.

The new corporate structure includes Siyata Mobile being renamed Siyata PTT Inc. and operating as a wholly-owned subsidiary of Core AI Holdings. The board will be led by Zacharin as chairman and CEO, with Marc Seelenfreund, founder and former CEO of Siyata Mobile, transitioning to head the subsidiary. Additional board members include Luisa Ingargiola, Thomas Tarala, and Mordechai Stenge.

This strategic move comes as businesses across multiple sectors increasingly integrate AI technologies to maintain competitive advantage. The merger represents a significant bet on the convergence of AI and mobile gaming, two sectors experiencing substantial investor interest and consumer adoption. With the combined company's established user base, proprietary technology portfolio, and leadership team now in place, Core AI Holdings aims to execute its business strategy in these high-growth markets.