Technology

Mesa Labs (MLAB) shares are up 20% after the company reported better-than-expected earnings and revenue for the fourth quarter and issued strong guidance for the next fiscal year

SHOALS Technologies Announces Third Quarter Earnings Release and Conference Call

Open Text aims for organic revenue growth, focusing on integrating the recent acquisition of Micro Focus.

Cisco Systems is bullish on its Odyssey, a pioneer in future technologies. The company’s operating income margin rose due to significant revenue growth in the secure agile networks segment.

Hewlett Packard Enterprise (HPE) has announced a new on-demand cloud service, HPE GreenLake Private Cloud Business Edition, which has been adopted by Istanbul Water and Sewerage Administration (ISKI). The new service will replace ISKI’s existing server and storage systems, and will provide the company with a more scalable and secure infrastructure.

Business process management company lowered its full-year outlook despite posting solid quarterly results. Here’s what investors need to know.

Popular messaging app Telegram has been found to leak IP addresses. A researcher named Deni Simonov discovered a simple tool that allows hackers to obtain users’ IP addresses through a phone call. Telegram, which boasts millions of users worldwide, is known for its security and privacy features. However, experts have warned about potential vulnerabilities in the app’s end-to-end encryption. To protect yourself, make sure to set your privacy and security settings correctly in the app.

US authorities have seized the website of Sinbad, a cryptocurrency mixer allegedly used by North Korean hackers to launder stolen funds. Sinbad processed millions of dollars worth of virtual currency, including proceeds from the Lazarus Group’s massive hacks. The Treasury Department’s OFAC announced sanctions on Sinbad, stating that such mixers enable criminals to launder stolen assets. The FBI and cryptocurrency monitoring firm Ellipt previously identified Lazarus Group’s use of Sinbad to launder stolen crypto.

Founder of infamous now-defunct spyware maker, Hacking Team, arrested for attempted murder. The arrest came after the founder allegedly stabbed a relative. The judge has ordered a mental health evaluation and the suspect to remain in jail as a precautionary measure.

Fidelity National Financial (FNF), a major real estate services company, recently suffered a cyberattack. The incident disrupted many subsidiaries and left customers confused and uncertain about their property transactions. FNF has restored normal operations and is coordinating with affected customers. The company disclosed the cybersecurity incident to the US Securities and Exchange Commission. The ransomware group called AlphV or BlackCatList claimed responsibility for the attack and demanded a ransom from FNF. The company’s response to the ransom demand is unknown.

Hussain Elius, co-founder of Pathao, has launched WindApp, a self-custodial smart contract wallet. The app enables businesses to send remote payments, allows people to use it as a virtual bank account, and provides an onramp/offramp infrastructure for changing between crypto and fiat. Within a month of its launch, WindApp has facilitated millions of dollars in transactions. The startup has also secured a $1 million seed funding round, with participation from backers like Spartan Group and Alumni Ventures. WindApp aims to target freelancers and remote workers, especially in Southeast Asia. It differentiates itself by offering lower fees and easy account setup without extensive KYC requirements. The app’s initial focus is on the Philippines, a large remittance market with crypto-savvy individuals. WindApp’s self-custodial wallet ensures user fund security, similar to Coinbase and Trust Wallet. The startup plans to expand its services and user base through strategic acquisitions and a direct-to-consumer approach.

The FBI and Dutch financial intelligence services seized a crypto mixer website allegedly used by North Korean hackers to launder stolen funds. The US Department of the Treasury’s Office of Foreign Assets Control (OFAC) announced sanctions against the Sinbad Bitcoin Mixer service, a key money laundering tool for the Lazarus Group, a prolific hacking group believed to be working for the North Korean government. The Sinbad crypto mixer processed millions of dollars worth of virtual currency, including proceeds from major hacks. The OFAC stated that such mixing services enable criminal actors to launder stolen assets and face serious consequences. The US government and its partners are ready to deploy tools to prevent virtual currency mixers like Sinbad from facilitating illicit activities. The FBI and Justice Department declined to comment. Cryptocurrency monitoring firm Elliptic previously reported that the Lazarus Group launders stolen crypto through the Sinbad Atom Wallet. Sinbad’s website displayed an FBI seizure notice on Wednesday.

Venture capital firm Tola Capital has announced a new fund with a $450 million capital commitment, its largest to date. The firm, led by founder Avra Rai, focuses on investing in enterprise software companies that leverage AI technology. Despite a tough fundraising environment, there is still significant interest in AI, which offers game-changing opportunities. Tola Capital’s previous funds have yielded dozens of successful exits, and the firm is already deploying capital in eight companies. They are looking for startups with the right team and innovative solutions to address the market.

Squint, a visual search platform, aims to connect people with the right information at the right time, simplifying workflow and enabling interaction with physical objects through AR technology. It has attracted major enterprise customers like Volvo, Siemens, and Colgate-Palmolive, and recently secured a series of funding led by Sequoia. Squint’s ultimate goal is to eliminate the search bar and save users time by providing instant access to relevant information. CEO Devin Bhushan left Splunk to pursue this concept, building a tool that combines AR and AI to enhance productivity and improve work processes.

Amazon AWS Cloud Arm has announced the launch of SageMaker HyperPod, a new purpose-built service to train and fine-tune large language models (LLMs). The HyperPod is now generally available and aims to make it easier for users to train and finetune LLMs. It provides the ability to create and distribute clusters, optimize distributed training, and includes fail-safe GPUs. The HyperPod also allows frequent saving of checkpoints and pausing and analyzing the training process without starting the service. It offers faster training and cost-saving benefits, and companies like Nvidia have already experienced using SageMaker to build LLMs. The HyperPod’s speed and interconnectivity are key focuses for the team, with optimizations made for Nvidia GPUs and communication of gradient parameters across different nodes.

EU regulations require larger platforms like Elon Musk’s own platform, X, to provide research data access in order to study system risks and address issues such as disinformation, child safety, and mental health concerns. Musk’s company needs to comply with the rules set by the EU’s Digital Services Act (DSA) and failure to do so may result in enforcement action and fines.

Amazon has launched a privacy-preserving service that enables AWS customers to deploy AI models trained on proprietary data without sharing it with outside partners. The service, called Clean Room ML, allows customers to train private lookalike models using collected data while keeping full control over the model. It also offers the ability to tune the model’s output based on specific business needs. Amazon plans to add specific applications, such as healthcare, in the near future. The service differentiates itself by fully managing privacy and obfuscating uploaded custom data.

Amazon CTO Werner Vogel discussed the future of AI and technology in a recent interview. He highlighted the importance of cultural awareness in AI models and the need for tools that support developers. Vogel also mentioned the potential of AI in women’s health and the challenges of rapid technological adoption.

FNF, the largest title insurance company in North America, experienced a cyberattack last Tuesday. Homeowners, mortgage prospects, and property buyers were left confused and concerned. FNF’s systems experienced a widespread outage, affecting email access and causing disruption to their business. The incident is currently under investigation by regulatory authorities.

Last week, two top Ukrainian cybersecurity officials were fired and accused of embezzlement. One official was detained. The Ukrainian senior cabinet official, Tara Melnychuk, announced the firings in a public post on Telegram. The detainees were Yurii Shchyhol, the head of Ukraine’s State Special Communications Service (SSSCIP), and Deputy Victor Zhora. Zhora has become a staple in the international conference and public face of Ukrainian cybersecurity defenders. On Monday, a high anti-corruption court in Ukraine announced the judge’s order for Zhora’s detention and preventive measures to be taken. The press release stated that his detention since January was imposed without bail. Zhora has not responded to requests for comment. The SSSCIP has also not commented on the situation. Zhora previously stated that he would defend his name and reputation in court.

Amazon Web Services (AWS) has announced a new palm scan identification service that allows companies to authenticate people entering physical premises. This service, called Amazon One, uses biometric payment technology and can be used in various settings such as Amazon Go stores or office buildings. The technology raises concerns about data privacy, but Amazon assures that user data is securely stored and automatically deleted after a certain period. Amazon One is currently available for preview to US customers.

Europol, in collaboration with law enforcement partners, has arrested five individuals involved in a string of ransomware attacks. The arrests followed raids across Ukraine last week. Europol also set up a virtual command center in the Netherlands to process data from seizures and searches. Ukrainian cyber police seized computer equipment, cryptocurrencies, and other items linked to illegal activities. This is the latest development in a years-long investigation that has resulted in multiple arrests. The suspects are believed to have played different roles in a criminal network that used brute force attacks and malware to extort millions of euros from victims. Europol accuses the hackers of using ransomware variants like LockerGoga, Megacortex, and Dharma. They have also collaborated with Bitdefender and the European Union Ransom Project to develop decryption tools for these variants.

NVIDIA is recruiting over two dozen experts in autonomous vehicle technology across multiple locations in China to boost its AV game. The team will focus on developing software, end-to-end platforms, system integration, and mapping products for smart drive features in mass-produced vehicles. NVIDIA’s move aims to tap into China’s pool of talent and experience to drive commercial success in the autonomous driving sector.

UK law firm CTS experienced a widespread disruption in services due to an unspecified cyber incident, impacting many customers and potentially compromising sensitive data. The incident also disrupted housing sales and purchases across the UK. CTS has not provided specific details about the incident but has notified regulatory authorities. Other law firms have reported ongoing disruptions as well. Cybersecurity experts suggest that the incident may be a result of a breach or exploitation of vulnerabilities in Citrix appliances. CTS is working to restore services but has not provided a timeline for full restoration.

Neuralink, a company founded by Elon Musk, is developing an implant chip that can read brain waves. Recent filings show an increase in venture capital funding, with the company’s value estimated at $1 billion. Neuralink’s device is capable of implanting ultrathin threads inside the brain, attached to a custom-designed chip with electrodes to read neural signals. The company aims to make the implant wireless and increase the number of electrodes. However, Neuralink has faced scrutiny and criticism for its toxic workplace culture and alleged unethical research practices. There have also been reports of mistreatment of animals involved in testing the hardware. Neuralink is currently under federal investigation for potential animal welfare violations.

North Korean state-backed hackers compromised CyberLink, a Taiwanese software maker, and distributed a malicious version of their legitimate application. Microsoft’s threat intelligence team detected the attack, which involved modifying CyberLink’s installation file as part of a wider supply chain attack. The hackers used legitimate code signing certificates issued to CyberLink to sign the malicious executable. Microsoft attributed the attack to the Lazarus hack group, known for espionage and financial gain. CyberLink has been notified, but it’s unclear if they have taken action.

Stock Profitability Performance Analysis:
ContextLogic Inc. (NASDAQ: WISH) recently launched WishPost, a smart parcel logistics service, enhancing its global logistics capabilities. However, the company’s profitability metrics have been consistently low over the past 4 years, with negative margins across various categories. The earnings per share from the last fiscal year report was -17.1. There is a moderate correlation (0.54) between the stock’s pricing and the company name’s search trend, indicating some impact on investor sentiment. However, the correlation between stock pricing and its trending volume is negligible (0.01). Overall, considering the company’s historical profitability and current financial performance, caution is advised when considering an investment in ContextLogic Inc. (WISH).

Based on the latest company news, QRTEA is a potential investment opportunity for momentum investors. The stock has shown strong price momentum and has a high momentum score, indicating it is a good time to enter the stock. Additionally, QRTEA has a strong buy rating and upward trending earnings estimates. The stock also passes the fast-paced momentum bargain screen, suggesting it is attractively priced. With a low price-to-sales ratio, QRTEA appears to have room for further growth. However, it is important to note that the stock has had negative net income margins in the past, and its earnings per share from the last fiscal year were -6.83. There is a positive correlation between the stock’s pricing and the company name search trend value, indicating potential market interest. However, there is a negative correlation between the stock’s pricing and its trending volume. Overall, QRTEA presents a potential investment opportunity for momentum investors, but caution is advised due to its historical profitability metrics and negative earnings per share.

Content summarization: Tesla’s stock saw an uptick in price as the company remains a bellwether in the electric vehicle market. Despite concerns over the impact of the Cybertruck and other negative news, Tesla’s demand in China and its strong year-over-year growth in EV sales are positive indicators. The stock’s profitability metrics have been consistent over the past four years, and the correlation scores suggest a potential investment opportunity.

Stock profitability performance analysis: Based on recent company news, the investment opportunity in this stock seems promising. The average historical profitability metrics over the past 4 years show strong gross profit, EBITDA, operating income, and net income margins. The current profitability TTM metrics are slightly lower but still decent. The earnings per share from the last fiscal year report is 1.25. Additionally, there is no correlation between the stock pricing and the company’s search trend value or stock trending volume. Overall, this stock shows potential for profitability.