[LesZedCB]

> gerund: a form that is derived from a verb but that functions as a noun, in English ending in -ing, e.g., asking in do you mind my asking you?.

[tanjtanjtanj]

"Updating" in the phrase "Software updating" as a status message isn't a gerund though. It looks a lot like a gerund but it's really a casual form that drops the rest of the verb "[is] updating".

[schoen]

It's a participle rather than a gerund. Present participles and gerunds have the same form in English, but not in all languages that have these.