Latest news with #ARMS
Hamilton Spectator
5 hours ago
- Business
- Hamilton Spectator
Digi Power X Announces Closing of $15 Million Registered Direct Offering of Common Stock
This news release constitutes a 'designated news release' for the purposes of the Company's prospectus supplement dated May 30, 2025 to its short form base shelf prospectus dated May 15, 2025. MIAMI, July 23, 2025 (GLOBE NEWSWIRE) — Digi Power X Inc. ('DGXX' or the 'Company') (Nasdaq: DGXX / TSXV: DGX), a vertically integrated AI and digital infrastructure company, today announced the closing its previously announced registered direct offering of 4,807,693 shares of common stock (or pre-funded warrants in lieu thereof) at an offering price of U.S.$3.12 per share (the 'Offering'), resulting in gross proceeds of approximately U.S.$15 million before deducting placement agent fees and other expenses payable by the Company. The closing of the Offering occurred on July 23, 2025. The Offering was to a single new fundamental institutional investor, underscoring a growing interest in DGXX's scalable AI infrastructure strategy, including its proprietary ARMS 200 Tier 3 modular data center platform and NeoCloud GPU-as-a-Service infrastructure. The completion of the Offering resulted in DGXX holding over U.S.$30 million in cash and cash equivalents, with zero long-term debt on its balance sheet. Titan Partners Group, a division of American Capital Partners ('Titan'), acted as the sole placement agent for the offering. Key Highlights: Expected Use of Proceeds: Titan received a cash commission representing 7% of the gross proceeds from the Offering and 240,385 purchase warrants, with each warrant exercisable for one share at a price of US$3.588 per share commencing on January 17, 2026 and expiring on July 21, 2030. The offering is being made pursuant to an effective shelf registration statement on Form F-10 (File No. 333-286520) previously filed with the Securities and Exchange Commission (the 'SEC') on April 14, 2025, and declared effective on May 20, 2025. The prospectus supplement relating to the offering was filed with the SEC and is available on the SEC's website at . The Company also filed the prospectus supplement with the securities regulatory authorities in Canada. Copies of the prospectus supplement and the accompanying base prospectus relating to the offering may be obtained by contacting Titan Partners Group LLC, a division of American Capital Partners, LLC, 4 World Trade Center, 29th Floor, New York, NY 10007, by phone at (929) 833-1246 or by email at prospectus@ . This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of, these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such state or jurisdiction. About Digi Power X Digi Power X (NASDAQ: DGXX / TSXV: DGX), is a vertically integrated AI and energy infrastructure company. Digi Power X designs and deploys modular Tier 3 data centers through its ARMS (AI-Ready Modular Solution) platform and offers enterprise-grade GPU compute through its NeoCloud portal, leveraging advanced NVIDIA GPU technology and secured energy infrastructure. For further information, please contact: Michel Amar, Chief Executive Officer Digi Power X Inc. Follow us on X: @DigipowerX Investor Relations T: 888-474-9222 Email: IR@ Cautionary Statement Trading in the securities of the Company should be considered highly speculative. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. Forward-Looking Statements Except for the statements of historical fact, this news release contains 'forward-looking information' and 'forward-looking statements' (collectively, 'forward-looking information') that are based on expectations, estimates and projections as at the date of this news release and are covered by safe harbors under Canadian and United States securities laws. Forward-looking information in this news release includes information about the Company's expectations concerning the impact of the offering, potential further improvements to profitability and efficiency across the Company's operations, including, as a result of the Company's expansion efforts, potential for the Company's long-term growth and clean energy strategy, and the business goals and objectives of the Company. Factors that could cause actual results to differ materially from those described in such forward-looking information include, but are not limited to: delivery of equipment and implementation of systems may not occur on the timelines anticipated by the Company, or at all; future capital needs and uncertainty of additional financing; share dilution resulting from equity issuances; development of additional facilities and installation of infrastructure to expand operations may not be completed on the timelines anticipated by the Company, or at all; ability to access additional power from the local power grid and realize the potential of the clean energy strategy on terms which are economic or at all; further improvements to profitability and efficiency may not be realized; development of additional facilities to expand operations may not be completed on the timelines anticipated by the Company; ability to access additional power from the local power grid; an increase in natural gas prices may negatively affect the profitability of the Company's power plant; and other related risks as more fully set out in the Company's annual report on Form 20-F for the year ended December 31, 2024 and other documents filed or furnished by the Company on SEDAR + and on the SEC's EDGAR website at and , respectively. The forward-looking information in this news release reflects the current expectations, assumptions and/or beliefs of the Company based on information currently available to the Company. In connection with the forward-looking information contained in this news release, the Company has made assumptions about, among other things, the timing for, expected proceeds from and impact of the offering. The Company has also assumed that no significant events occur outside of the Company's normal course of business. Although the Company believes that the assumptions inherent in the forward-looking information are reasonable, forward-looking information is not a guarantee of future performance and accordingly undue reliance should not be put on such information due to the inherent uncertainties therein. The Company undertakes no obligation to revise or update any forward-looking information other than as required by applicable law.
Time of India
10 hours ago
- Business
- Time of India
How Paytm is using AI for in-house ops
Academy Empower your mind, elevate your skills Vijay Shekhar Sharma-led Paytm reported a profitable Q1 FY2026 , attributing its operational efficiency and product innovation to artificial intelligence (AI) integration across the fintech major said it is deploying AI across its operations to streamline workflows and increase fraud and risk its latest earnings presentation, Paytm highlighted multiple AI-first features integrated into both internal processes and consumer-facing products.1) Paytm said it is using AI-led quality checks for merchant onboarding, including advanced image analysis and text recognition. With AI, verification is done through algorithms for merchant category code (MCC) deduction from shop photos, name matching, and optical character recognition (OCR).An MCC is a four-digit number that classifies businesses based on the types of goods or services they offer. These codes help payment networks standardise transactions and ensure accurate processing.2) Paytm's in-house AI platforms like Paytm ARMS (merchant lifecycle insights platform) and Paytm Pi (fraud and risk detection system) automate merchant onboarding, fraud detection, segmentation, and pricing proprietary fraud and risk detection AI engines help monitor merchant activity. It reports anomalies and predicts chargeback risks, including high-ticket refunds.3) The company uses conversational AI agents to provide personalised assistance to customers via text and voice across 11 languages.4) The ARMS platform also uses AI to profile merchants in real time and match them with the right financial products to improve retention and effective cross-selling.5) On the customer side, Paytm has integrated an AI assistant in partnership with Perplexity for users.
Time of India
28-06-2025
- Entertainment
- Time of India
NYT Mini Crossword June 28 answers: All clues, hints and solutions to today's puzzle
The New York Times Mini Crossword for June 28, 2025, is a great mix of fun, logic and quick thinking. Designed for short breaks, this smaller version of the classic crossword keeps things simple yet smart. If you found yourself stuck today, we have you covered with all the hints and answers. This puzzle was packed with clues from different topics from music and movies to everyday objects. With a 5x5 grid and fast clues, the Mini can be solved in just a few minutes, making it a favourite daily game for many crossword fans around the world. NYT Mini Crossword June 28 Across hints and answers 1 Across – Removable parts on a mannequin: ARMS 5 Across – A thermal container for coffee or tea: TEAURN 8 Across – A climbing tower for pets: CAT TREE 9 Across – Arrives in a place or city: ARRIVES 10 Across – Someone like Chopin or Ray Charles: PIANIST 11 Across – Things that do not work well at filtering: SIEVES 12 Across – Reflex you cannot control: KNEE NYT Mini Crossword June 28 Down hints and answers 1 Down – In a risky position: AT A RISK 2 Down – To learn again for a new role: RETRAIN 3 Down – A noon-time Broadway show: MATINEE 4 Down – What players want to do on "Survivor": SURVIVE 6 Down – Reese who acted as June Carter: REESE 7 Down – Bird homes found early in the day: NESTS 8 Down – Souvenir caught at a baseball game: CAP
Mint
21-06-2025
- Business
- Mint
Ahmedabad plane crash: DGCA asks Air India for details of inspections, audits since 2024, says report
The Directorate General of Civil Aviation (DGCA) has sought flight operations inspectors to provide details of all inspections and audits conducted for Air India since 2024, sources said on Saturday. The details on the findings of the inspections and audits will have to be submitted by Sunday, they said, news agency PTI reported. The DGCA has sought these details for 2024 and 2025 (to date), in an email communication which came a day after the aviation safety regulator issued a show-cause notice to the airline for flight duty time limitations (FDTL) violations, the report citing sources said. The DGCA had also ordered removal of the airline's three senior officials from their respective roles for certain lapses. The data has been sought on planned and unplanned inspections, audit, cockpit/enroute, station facility, ramp and cabin inspection among others, as per the communication, the PTI report added. The directives come after an Air India flight from Ahmedabad to London Gatwick carrying 242 passengers and crew members crashed shortly after takeoff on June 12, killing over 270 people onboard and on the ground. The DGCA ordered Tata Group-owned Air India to remove three senior officials for lapses in crew scheduling and rostering and issued a show-cause notice to the airline for violating FDTL norms, sources said on Saturday. In its order of June 20, the DGCA noted that the three officials, including a divisional vice-president, were involved in "serious and repeated lapses, including unauthorised and non-compliant crew pairings, violation of mandatory licensing and recency norms and systemic failures in scheduling protocol and oversight". The DGCA directed the airline to initiate proceedings against these three officials without delay, the PTI report said. Air India in a statement said it has acknowledged the regulator's directive and implemented the order. "In the interim, the company's chief operations officer will provide direct oversight to the Integrated Operations Control Centre (IOCC). "Air India is committed to ensuring that there is total adherence to safety protocols and standard practices," the airline said in a statement. ARMS (Air Route Management System) is the software platform used by the airline for various operational and management tasks, including crew rostering and flight planning, among others. A total of 247 victims of the horrific June 12 Ahmedabad plane crash have been identified through DNA tests so far and 232 bodies have been handed over to their families, officials said on Saturday. The authorities have asked the families of eight victims to submit the DNA samples of another relative as the previous ones failed to match, they said. According to the report, police said the matching of DNA samples confirmed that Ahmedabad-based filmmaker Mahesh Jirawala, who was reported missing following the crash, died in the catastrophe. His mortal remains were handed over to his family. Authorities are carrying out DNA tests to establish the identity of the victims as many bodies were charred beyond recognition as the aircraft burst into flames or damaged on impact.
Mint
21-06-2025
- Business
- Mint
Why did DGCA order Air India to remove 3 officials? Explained in 5 points
India's aviation safety watchdog Directorate General of Civil Aviation (DGCA) has ordered Air India to remove three officials from all roles and responsibilities linked to rostering and crew scheduling after finding serious lapses. In an order dated June 20, the DGCA further asked the Tata Group-owned airline to initiate proceedings against these three officials without delay. Air India issued a statement following the order, saying that it had implemented the order of the aviation watchdog. 'In the interim, the company's Chief Operations Officer will provide direct oversight to the Integrated Operations Control Centre (IOCC). Air India is committed to ensuring that there is total adherence to safety protocols and standard practices,' Air India said. 1. The DGCA's order stated that it had found 'repeated and serious violations' in the scheduling of its crew. 'Repeated and serious violations voluntarily disclosed by Air India concerning flight crew being scheduled and operated despite lapses in licensing, rest, and recency requirements.' 2. The aviation watchdog further revealed that it found the violations during its post-transition review from ARMS to the CAE Flight and Crew Management System. Air India uses ARMS (Air Route Management System) software to execute a range of operational and management tasks like crew rostering, flight planning and more. 3. The DGCA in its order said the voluntary disclosures, 'while noted, point to systemic failures in crew scheduling, compliance monitoring, and internal accountability'. 4. The regulator noted that its 'particular concern is the absence of strict disciplinary measures against key officials directly responsible for these operational lapses.' 5. The DGCA flagged that the officials have performed 'serious and repeated lapses including unauthorised and non-compliant crew pairings, violation of mandatory licensing and recency norms and systemic failures in scheduling. protocol and oversight.' The aviation safety watchdog's latest order comes at a time when the carrier is facing heightened scrutiny in the aftermath of the June 12 Ahmedabad plane crash that killed 241 out of 242 on board and at least 29 residents of the building it crashed into. Air India also received a warning from the DGCA, which threatened 'strict actions' including licence suspension and operational restrictions if there are violations in crew scheduling in the future. A London-bound Air India flight, AI-171 carrying 242 passengers and crew members crashed in Ahmedabad on June 12. All but one on board the plane died along with nearly 29 on the ground when the aircraft smashed into a medical complex shortly after take-off.
