From http://www.riflesintheuk.com/cartridges.htm
HTH15) 8mm Mauser Also known as the 7.92x57mm or 8x57mm, both of which are suffixed with I or IS in Europe and J or JS in America. The 8mm Mauser was designed by the German Rifle Commission in 1888 for use in Model 1888 Commission Rifle, or Gewehr 98 (G98). The original 8mm Mauser round was a relatively low pressure cartridge and fired a round-nosed .318 projectile, this was the 7.92x57 I (I standing for infantry). This I was misinterpreted and became the 7.92x57J in America. The cartridge was soon improved to fire a .323" pointed bullet at far greater pressure and was known as the 7.92x57IS, the IS standing for 'Infanterie, Spitz' or 'Infantry, Pointed'. The improved cartridge was famously used in the Gewehr 98 and Karabiner 98k, the standard German infantry rifles of World War 2 as well as the fearsome MG34 and MG42 machine guns. Typically loaded with bullets weighing around 190 grains fired at velocities of 2,700 FPS giving 3,000 foot pounds energy.