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On September 14, according to Irans Mehr News Agency, Acting Iranian Defense Minister Reza stated that some US officials believe that repeated threats can shake Irans resolve or deter the Islamic Republic, "but they are sorely mistaken." He said that the enemys repeated refrain from past threats "more demonstrates that its intelligence and analysis mechanisms have become paralyzed, ultimately leading to the erosion of its rationality, because if an organizations intelligence and analysis mechanisms can correctly observe and analyze the actual situation on the battlefield, it is impossible to continue to persist with arguments and threats that have been repeatedly proven false." Reza also stated that the enemy must understand a simple fact: "Iran should not be treated with threats." He pointed out that Irans decision-making mechanisms do not take these threats seriously. “These threats are worthless to us; they are more like political statements or pronouncements than information supported by actual military capabilities.” “If another war were to break out today, Iran would be more powerful and technologically advanced than in any previous war,” he said. “Those who try to dismiss the continued development of our country’s technological activities, production lines, and weapons factories merely as a narrative or media headline are clearly ignoring the formidable strength our military has demonstrated on the battlefield. Sometimes people only see a small part of the capabilities of our domestic defense industry, but this path continues to advance with great momentum.”ECB Governing Council member Stournaras: The ECBs timely measures can reduce the risk of painful future interest rate hikes.According to Jordans Al Mamlaka television, citing officials, an ammonia leak in Jordans Aqaba industrial zone has injured 11 people.Ukrainian lawmakers: The Ukrainian parliamentary committee supported the motion to dismiss the Prosecutor General, with 17 votes in favor and 0 against.On September 14th, according to Axios, former Anthropic researcher Jacob Coxon, Senator Bernie Sanders, and former Trump administration advisor Steve Bannon will join forces at an event on Tuesday to advocate for “human-controlled” artificial intelligence. The Future of Life Institute will host the “Human-Centered AI Conference” on Tuesday. This non-profit advocacy organization is the originator of the “Manifesto for Human-Centered AI,” which calls for protecting human autonomy, avoiding the concentration of power, and demanding corporate accountability. Axios has learned that Coxon, who previously worked at OpenAI, then joined Anthropic, and resigned due to security concerns, will speak at the event. Bannon stated in a statement: “The oligarchs have finally been forced to admit that they lied from the beginning about the dangers of ‘accelerating development without any safeguards’—they have put the nation and all of humanity at risk.” Last weekend, amid a series of worrying cybersecurity incidents stemming from artificial intelligence and deep anxieties about the technologys future, some of the most influential leaders in the field called for a slowdown in development.

Musk Plans to Double Twitter's Annual Revenue to $26.4 Billion by 2028

Aria Thomas

May 07, 2022 10:09

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Elon Musk aims to grow Twitter (NYSE:TWTRannual )'s revenue to $26.4 billion by 2028, up from $5 billion last year, according to a pitch deck delivered to investors, as reported by The New York Times on Friday.


According to the research, advertising will account for 45 percent of overall revenue under Musk, down from 90 percent in 2020, creating $12 billion in revenue in 2028, while subscriptions would provide an additional $10 billion.


According to the presentation, the CEO of electric vehicle manufacturer Tesla (NASDAQ:TSLA) Inc also intends to raise Twitter's cash flow to $3.2 billion in 2025 and $9.4 billion in 2028.


Musk closed a deal to acquire Twitter for $44 billion in cash last month, thereby gaining control of the social media site populated by millions of users and world leaders.


The billionaire has pledged to resuscitate the company and increase its user base by cracking down on spam bots and eliminating moderation to allow for more "free speech."


Musk is poised to become Twitter's interim CEO following the closing of the purchase, a source familiar with the subject told Reuters on Thursday.


According to a memo obtained by the New York Times, Musk expects the social media company to generate $15 million from a payments business in 2023, which will increase to approximately $1.3 billion by 2028.


According to the report, Musk believes he can improve Twitter's average revenue per user to $30.22 in 2028 from $24.82 last year. He also anticipates that Twitter will have 11,072 employees by 2025, up from approximately 7,500 today.


According to the New York Times, Twitter Blue, the company's premium membership service established last year, is projected to have 69 million subscribers by 2025.


Musk recommended last month, in a now-deleted post, a number of modifications to the social media giant's Twitter Blue premium subscription program, including a price reduction.


Musk identified on Thursday a group of prominent investors willing to offer $7.14 billion in finance for his Twitter proposal, including Oracle (NYSE:ORCL) co-founder Larry Ellison and Sequoia Capital.


Musk has boosted the finance commitment to $27.25 billion, which includes commitments from 19 investors, and decreased the margin loan connected to his Tesla stock from Morgan Stanley (NYSE:MS) to $6.25 billion. He has already had loan pledges for $13 billion secured by Twitter shares.


Musk was unavailable for comment. Twitter did not react immediately to a request for comment from Reuters.