Techmeme
May 7, 2022, 5:15 PM

Top News

New York Times:
Elon Musk's investor pitch deck: grow Twitter revenue 5x to $26.4B, cut ad revenue reliance to <50% by 2028, grow Twitter Blue's users to 69M by 2025, and more  —  Here's what Mr. Musk is projecting for Twitter's finances over the next few years, according to a pitch deck he presented to investors.
Financial Times:
Sources: Allen Wu, who was replaced as CEO of Arm China by Liu Renchen, has refused to surrender control amid Shanghai's lockdown, where Arm China's HQ is based  —  Allen Wu refuses to surrender control in extraordinary corporate battle at UK chip designer  —  High in a Shenzhen office tower …
Zoë Schiffer / @zoeschiffer:
Ian Goodfellow, Apple's director of ML, is leaving due to its return to work policy, saying in a note that “more flexibility would have been the best policy”  —  Ian Goodfellow, Apple's director of machine learning, is leaving the company due to its return to work policy. In a note to staff, he said “I believe strongly that more flexibility would have been the best policy for my team.” He was likely the company's most cited ML expert.
Zachary Boddy / Windows Central:
A major Xbox Network outage is preventing some users from launching games and starting Cloud Gaming sessions; issues related to purchases have been resolved  —  Xbox consoles are temporarily a lot less useful for gaming.  —  Update, May 7, 2022, at 8:50 a.m. CT: The Xbox Network should be working again …
Joe Warminsky / The Record:
The US sanctions cryptocurrency mixing service Blender.io for allegedly laundering $20.5M from the Axie Infinity hack, the first time the US sanctioned a mixer  —  The U.S. Treasury Department on Friday sanctioned a cryptocurrency mixing service for the first time, citing evidence that it was used …
Dan Mangan / CNBC:
A California federal judge dismisses Donald Trump's lawsuit seeking to lift his ban from Twitter but may allow an amended complaint to be filed against Twitter  —  - A federal judge dismissed a lawsuit by former President Donald Trump seeking to lift his ban from Twitter.
Wall Street Journal:
Some ex-TikTok US staff talk of long hours, tight deadlines, lack of work-life boundaries, sleep deprivation, weekend work, and secrecy uncommon in the industry  —  Former U.S. staffers tell of sleep deprivation, work on weekends and mandatory meetings with colleagues on the other side of the globe
Bill Toulas / BleepingComputer:
UK sanctions Baikal Electronics and MCST, Russia's most important chipmakers, denying them access to the ARM architecture  —  The UK government added 63 Russian entities to its sanction list on Wednesday.  Among them are Baikal Electronics and MCST (Moscow Center of SPARC Technologies), the two most important chip makers in Russia.

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