Tenable (TENB) Q2 2025 Earnings Call July 30, 2025 04:30 PM ET Company ParticipantsErin Karney - VP - IRSteve Vintz - CFO, Co-CEO & DirectorMark Thurmond - Co-CEO & DirectorBrian Essex - Executive DirectorSaket Kalia - Managing DirectorJoe Vandrick - Associate Director - Equity ResearchRoger Boyd - Executive DirectorAndres Miranda Lopez - Equity Research AssociateJonathan Ruykhaver - Managing DirectorShaul Eyal - MD - Equity ResearchConference Call ParticipantsRob Owens - MD & Senior Research AnalystAndrew ...

Core Insights - The article argues that AI will not lead to job losses for developers but will instead transform their roles into more strategic positions within technology decision-making [1][2][8] - Salesforce's internal data shows that AI is significantly accelerating development processes, with 20% of APEX code generated by AI in the last 30 days and saving developers approximately 30,000 hours of work each month [1][2] Group 1: Transformation of Developer Roles - Developers are evolving from purely technical roles to strategic decision-makers, focusing on what customers truly need rather than just writing code [2][6] - The introduction of "vibe coding" allows developers to provide high-level instructions to AI, which generates initial drafts that developers can refine [3][4] - Developers are now responsible for evaluating AI-generated code, requiring new skills in quality control and testing methods [5][6] Group 2: Impact on Software Development Lifecycle - AI is compressing the software development cycle, enabling faster prototyping and iteration based on customer feedback [3][6] - The entire software lifecycle is being automated, from code generation to testing, creating a tighter loop between idea and execution [6][8] - Developers must still possess a strong foundation in computer science and algorithmic thinking, as these skills are becoming even more critical in guiding AI tools [7][8] Group 3: Strategic Role Enhancement - As coding becomes commoditized, developers are taking on supervisory roles, guiding AI agents while remaining accountable for the final product [6][8] - This shift positions developers closer to business strategy, enhancing their importance in decision-making processes [6][8] - Salesforce's tools, such as Agentforce for Developers and Agentforce Testing Center, support this transition, helping developers become versatile professionals [8]

Summary of Apptronik Conference Call Company Overview - **Company**: Apptronik - **Industry**: Humanoid Robotics - **Location**: Austin, Texas - **Founded**: Early 2016 as a spin-off from the Human Centered Robotics Lab at the University of Texas at Austin - **Key Products**: Apollo humanoid robot, NASA's Valkyrie humanoid, various exoskeletons and logistics arms [5][10] Key Developments - **Funding**: Recently completed a $403 million Series A funding round with participation from Google, Mercedes-Benz, and others [19] - **Partnerships**: - Collaborating with Google DeepMind to develop AI models for robotics applications [2] - Partnering with NVIDIA under Project Gr00t for robotics foundation models [17] - Agreement with Mercedes-Benz to pilot Apollo humanoids in manufacturing facilities [17] - Collaboration with GXO Logistics for R&D initiatives [17] - Partnership with Jabil for manufacturing and scaling production of Apollo [17] Product Specifications - **Apollo Humanoid Specs**: - Height: 5'8" - Weight: 160 lbs - Payload: 55 lbs - Runtime: 4 hours per charge - Compute: NVIDIA Jetson Orin & Orin NX [8][9] Technological Innovations - **AI Integration**: Apollo humanoid is being enhanced with AI capabilities through Google's Gemini 2.0 model, which includes advanced vision-language-action models for controlling robots [2] - **Safety Features**: Apollo can adjust its behavior when detecting objects within a specified perimeter, pausing movement to avoid collisions [9] Market Position - **Competitors**: Apptronik competes with Tesla, Figure AI, Boston Dynamics, and Agility Robotics in the humanoid robotics space [20] - **Industry Context**: The humanoid robotics sector is gaining traction, with public investors encouraged to understand the technological innovations and strategies of key players like Apptronik [2] Financial Insights - **Investment History**: Prior to the recent funding round, Apptronik raised $28 million from various investors [19] - **Valuation**: The company is positioned as a significant player in the humanoid robotics market, with a focus on commercial and industrial applications [5] Future Outlook - **Growth Potential**: The humanoid robotics market is expected to expand significantly, with estimates suggesting a total addressable market of approximately $3 trillion in the US alone, indicating a strong potential for humanoid adoption across various industries [34] Additional Notes - **Leadership Team**: Led by Co-Founder and CEO Jeff Cardenas, with a strong technical team including Co-Founder and CTO Dr. Nick Paine [6] - **Historical Collaborations**: Apptronik has a history of working with NASA, contributing to the development of the Valkyrie robot [17] This summary encapsulates the key points from the conference call regarding Apptronik's operations, technological advancements, market positioning, and future prospects in the humanoid robotics industry.