AlexSecret Marine Software (NASDAQ:MRIN), which provides enterprise marketing software for advertisers and agencies in various markets around the world, continues to struggle to gain momentum and generate sustainable revenue and earnings, and as overall economic conditions point to a possible contraction of ad spending in 2023; especially in the first half. With Google (GOOG) cutting its quarterly contract with MRIN from $2.3 million, which accounted for approximately 46 percent of its quarterly revenue, to $1.8 million a quarter, it instantly lowered total revenue by over 10 percent; something I think the company is going to struggle to make up for…
Tag: software is or are
The Linux Foundation Reflects on Open Source’s Role in Climate Change Challenges
At the UN’s COP27 climate summit in November, “observer status” was granted to representatives from the Linux Foundation’s nonprofit Green Software Foundation, and from its Hyperledger Foundation, a not-for-profit umbrella project for open source blockchains and related tools. So what happened? From the Linux Foundation’s blog: At COP27, one thing that was clear to many is that the complexity of the climate crisis and the pace of change needed will require open source approaches to problem solving and information sharing — only then will we achieve the required global collaboration to collectively reduce carbon emissions and adapt our communities to…
/cloudfront-us-east-2.images.arcpublishing.com/reuters/HQEXMEIJYNM3JBMME5F3VPBWVU.jpg "Exclusive: How a secret software change allowed FTX to use client money")
Exclusive: How a secret software change allowed FTX to use client money
Dec 13 (Reuters) – In mid-2020, FTX’s chief engineer made a secret change to the cryptocurrency exchange’s software. He tweaked the code to exempt Alameda Research, a hedge fund owned by FTX founder Sam Bankman-Fried, from a feature on the trading platform that would have automatically sold off Alameda’s assets if it was losing too much borrowed money. In a note explaining the change, the engineer, Nishad Singh, emphasized that FTX should never sell Alameda’s positions. “Be extra careful not to liquidate,” Singh wrote in the comment in the platform’s code, which it showed he helped author. Reuters reviewed the…
Software supply chain risk is growing, but mitigation solutions exist
In late 2021, a critical vulnerability was discovered within the Apache-Log4j logging tool. This Log4j tool and vulnerability became infamous because it was used by millions of software packages across organizations that had no idea that existed within their software supply chain. Even organizations that develop their own software often leverage third-party commercial and open-source software to support their business services. Software supply chain risk has emerged as a leading concern for private sector firms and government agencies of all sizes. There is even a legislative effort within the Senate Homeland Security and Governmental Affairs Committee to help secure open-source…
Unity Software Layoffs 2023: What to Know About the Latest U Job Cuts
Source: Konstantin Savusia / Shutterstock.com Unity Software (NYSE:u) layoffs are incoming as the software company prepares for economic trouble in 2023. Unity Software has cut 284 jobs as part of this process. It’s worth pointing out that this is the second batch of layoffs announced by the company in six months. The company also cut 225 jobs back in June 2022. A spokesperson for Unity said the following in a statement obtained by SFGate: “This process, while hard when it leads to difficult decisions that impact programs and people, allowed us to identify where we need to double down and…
2022.44.25.1 Official Tesla Release Notes
– Enabled FSD Beta on highway. This unifies the vision and planning stack on and off-highway and replaces the legacy highway stack, which is over four years old. The legacy highway stack still relies on several single-camera and single-frame networks, and was setup to handle simple lane-specific maneuvers. FSD Beta’s multi-camera video networks and next-gen planner, which allows for more complex agent interactions with less reliability on lanes, makes way for adding more intelligent behaviors, smoother control and better decision making. – Improved Occupancy Network’s recall for close by obstacles and precision in severe weather conditions with 4x increase in…
Seaport software company PTC expands reach with $1.5 billion deal
Boston software company PTC has its roots in computer-aided design applications that help companies engineer everything from automobiles to wind turbines to spacesuits, even the National Ignition Facility that just reported a major breakthrough in fusion energy. But once a product’s detailed specifications exist in digital form, there’s a lot more that can be done. PTC chief executive Jim Heppelmann has spent the past dozen years buying smaller companies to extend the usefulness of digital designs into manufacturing, management, and maintenance. This week, Heppelmann completed his largest deal yet, paying almost $1.5 billion for ServiceMax, a company that will stretch…
Tech fund supervisor backs these 2 software program shares will outperform in a recession
Enterprise-software giants ServiceNow and Salesforce are set to be beneficiaries of a recession in 2023, in accordance with tech fund supervisor Jeremy Gleeson. The 2 Silicon Valley giants promote software program companies that purpose to make companies’ gross sales, customer support, and operational workflows extra environment friendly. Gleeson, who manages the £1.1 billion ($1.5 billion) tech fund AXA Framlington International Expertise Fund, mentioned each companies would profit from firms trying to scale back prices throughout a recession by automating components of their operations. “If we’re going right into a recession in 2023, then firms are going to want to do…