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3 stories mentioning ASX:FTIUpdated 44d ago

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Asia

FortifAI's Nol8 AI Data Plane Listed on Megaport AI Exchange Service

FortifAI's (ASX:FTI) Nol8 AI Data Plane is listed on the AI Exchange service in the Megaport Marketplace and it will be paired with Megaport's (ASX:MP1) compute, network, and storage layers, according to a Tuesday Australian bourse filing.Proof-of-concept deployments were already underway on live customer workloads, it said.FortifAI's shares fell past 2% in recent trading on Tuesday, while Megaport's shares jumped 4%.

ASX:FTIASX:MP1
Asia

FortifAI Launches Nol8 AI Data Plane, Shares Fall 4%

FortifAI (ASX:FTI) launched its Nol8 AI Data Plane, allowing NeoCloud providers to begin customer testing and proof-of-concept engagements for agentic artificial intelligence workloads, according to a Monday Australian bourse filing.The Data Plane provides a unique, real-time stream of data, individually curated and governed at wire speed, to each AI agent.Its shares fell 4% in recent trading on Monday.

ASX:FTI
Asia

FortifAI Secures AU$15 Million in Strategic Placement to Accelerate Growth; Shares Hit Three-Year High

FortifAI (ASX:FTI) has secured firm commitments to raise AU$15 million through a placement to institutional and sophisticated investors, issuing around 21 million new fully paid ordinary shares at AU$0.715 each, according to a Tuesday filing with the Australian bourse.The shares will settle on May 6 and are expected to be allotted around May 7, per the filing.The funds will be used to strategically support the company's growth objectives by accelerating technology, marketing, and business development for Nol8 Technology, enhancing business development programs for existing assets, strengthening commercial initiatives, and providing general working capital, the filing added.The company's shares jumped 27% in recent Tuesday trade, earlier hitting their highest level since April 2023.

ASX:FTI

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