Core AI Holdings Emerges from Merger to Target $190 Billion AI Gaming and Apps Market

The completion of the all-stock merger between Siyata Mobile Inc. and Core Gaming, Inc. has resulted in the formation of Core AI Holdings Inc., a company now focused on artificial intelligence-driven mobile gaming and AI applications. The deal valued Core Gaming at $160 million and represents a strategic shift from Siyata's previous focus on mission-critical Push-to-Talk over Cellular hardware to operating in two of the fastest-growing technology segments. The combined company now trades under the ticker CHAI on the Nasdaq, marking a complete transformation of the business model and market positioning.

The merger positions Core AI Holdings at the intersection of two substantial market opportunities. The global mobile AI gaming market currently stands at $126 billion and is projected to reach $164 billion by 2030, while the global AI app market is valued at approximately $2.6 billion today with forecasts indicating growth to $26 billion by 2030. This combined $190 billion market opportunity drives the company's strategic direction, with businesses increasingly seeking AI-powered solutions for efficiency, automation, productivity, and customer service enhancements, while immersive experiences and social engagement fuel growth in the AI mobile gaming sector.

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 generated $79 million in revenue last year through its diverse portfolio of approximately 2,100 proprietary titles. With over 78 million downloads and a growing global user base exceeding 40 million users across 140 countries, the foundation exists for rapid scaling of AI-powered experiences. CEO Aitan Zacharin emphasized the company's positioning to capture significant market share by delivering AI-powered experiences that create deeper engagement and drive broader adoption across multiple verticals.

The new corporate structure features Zacharin serving as both CEO and chairman of Core AI Holdings, with Marc Seelenfreund, founder and former CEO of Siyata Mobile, joining the board alongside Luisa Ingargiola, Thomas Tarala, and Mordechai Stenge. The board's immediate focus involves transitioning the company into an AI-focused gaming and app enterprise, while Siyata Mobile will continue operations as Siyata PTT Inc., now functioning as a wholly-owned subsidiary of Core AI Holdings. This organizational structure allows the company to maintain its existing hardware business while aggressively pursuing growth in AI-driven software and gaming platforms.

The strategic vision for Core AI Holdings extends beyond gaming into other verticals, leveraging artificial intelligence to build scalable offerings that create meaningful value for shareholders. The company believes it has the foundation, leadership, and technology to pursue growth similar to sector leaders, capitalizing on the convergence of AI and mobile gaming technologies. With the merger successfully completed and the new leadership team in place, Core AI Holdings begins its operations positioned at the center of two rapidly expanding markets, ready to execute its business strategy in the competitive AI and mobile gaming landscape.