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VANCOUVER - Core Gaming, an AI-driven creative technology company that recently signed a merger agreement with Siyata Mobile Inc. (NASDAQ:SYTA), reported significant user growth for its AI COMIC application in Asian markets, according to a company press release. Siyata Mobile, currently valued at $33.64 million, has seen its stock demonstrate significant volatility, according to InvestingPro data.
The app’s user base in Japan and South Korea has increased from 2,500 to over 32,000 in less than a year, representing a 1,300% growth. These markets now account for 14.38% of the app’s global users, up from 4.12% previously. This expansion comes as Siyata reports 33.58% year-over-year revenue growth, though maintaining a modest gross profit margin of ~13%.
AI COMIC allows users to transform images into anime-style content through features including AI-generated video, personalized avatars, manga scene recreation, and face swaps.
The company attributes the growth to its technological infrastructure, which includes a Compute Pool System for AI task distribution, multimodal generative models processing various input types, and cloud orchestration for content delivery.
"AI COMIC’s breakout success in Japan and South Korea is a powerful validation of our strategic vision," said Aitan Zacharin, CEO of Core Gaming, in the statement.
Core Gaming, headquartered in Miami, reports having developed over 2,100 games with 780 million downloads and 40 million users globally.
The pending merger with Siyata Mobile, a developer of Push-to-Talk over Cellular handsets, is expected to close after receiving regulatory approval, according to the company.
In other recent news, Siyata Mobile Inc. reported its financial results for the first quarter of 2025, providing a detailed analysis of its performance compared to the previous year. The company emphasized that these results are not considered "filed" for purposes of certain legal liabilities, which is important for investors to note. Additionally, Core Gaming, a merger partner of Siyata Mobile, has announced a collaboration with Guangzhou WeiXuan to develop AI-powered mobile applications. This partnership aims to create user-centric mobile solutions that enhance productivity and creativity. In another development, Core Gaming has teamed up with Fire Rhino Studios to produce new casual gaming titles, blending entertainment with strategic elements. This collaboration seeks to leverage Fire Rhino’s expertise in casual puzzle games. The merger between Siyata Mobile and Core Gaming is still pending regulatory approval and customary closing conditions. These recent developments highlight the ongoing strategic initiatives by Siyata Mobile and Core Gaming in both the AI applications and gaming sectors.
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