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Key Takeaways: Apple reported a record-breaking March quarter with $111.2 billion in revenue and double-digit growth across all segments, driven by strong iPhone 17 demand. Outgoing CEO Tim Cook issued a significant warning regarding escalating memory chip costs due to “RAMageddon,” a phenomenon where the AI industry’s demand is causing shortages and price hikes. Incoming CEO John Ternus faces the immediate challenge of navigating these supply chain pressures and potential iPhone price increases, while Tim Cook transitions to an executive chairman role. Apple reported a record quarter on Thursday. Yet outgoing CEO Tim Cook warned of some gathering storm clouds…

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Key Takeaways Resilient Performance Amid Headwinds: Apple defied market concerns with better-than-expected revenue and strong iPhone 17 sales, particularly in China, showcasing robust consumer demand despite rising costs and competitive pressures. Strategic Inflection Points: The impending CEO transition to John Ternus, alongside a critical pivot in AI strategy and a significant shift in capital allocation (scrapping the “net neutral” cash policy), signals a new era for the $4tn tech behemoth. Navigating Future Growth & Margins: While current gross margins benefited from…

In a pulsating European night that saw tactical nous meet sheer attacking brilliance, Crystal Palace seized a commanding 3-1 victory over Ukrainian giants Shakhtar Donetsk in the first leg of their UEFA Conference League semi-final. From the very first whistle, Oliver Glasner’s Eagles soared, delivering a performance brimming with resilience, clinical finishing, and a strategic masterclass that now places them firmly on the runway towards a historic first European final. This wasn’t just a win; it was a statement of intent, a declaration etched into the very fabric of European football that Selhurst Park’s faithful might just be on the…

Purported Jeffrey Epstein Suicide Note, Sealed for Years, Becomes Focus of Unsealing Petition A document purportedly written by Jeffrey Epstein, described as a suicide note and discovered in a Manhattan jail cell, has remained sealed for nearly seven years within a New York courthouse. This note’s existence and content have been largely hidden from public scrutiny, even as extensive investigations into Epstein’s death and related activities have unfolded. The note was reportedly found in July 2019 by Nicholas Tartaglione, Epstein’s cellmate at the time. This discovery occurred shortly after Epstein was found unresponsive with a strip of cloth around his…

Key Takeaways: Nvidia Enters Legal AI Arena: NVentures, Nvidia’s corporate VC arm, has made its reported inaugural investment in the legal AI space by backing Swedish startup Legora, signaling a strategic move into specialized AI applications beyond foundational models. High-Stakes Rivalry Intensifies: Legora’s $5.6 billion valuation and rapid growth put it in direct global competition with U.S. counterpart Harvey, valued at $11 billion, as both giants battle for market share, talent, and mindshare with aggressive expansion and celebrity-backed marketing campaigns. Application Moats vs. Foundation Model Threats: While legal AI startups like Legora and Harvey leverage powerful large language models, they…

Audio of this article is brought to you by the Air & Space Forces Association, honoring and supporting our Airmen, Guardians, and their families. Find out more at afa.org The U.S. Air Force is requesting funding to enable its pilots to fly more than 1.1 million hours in fiscal year 2027, a target that would represent the highest number of flying hours in approximately four years. This ambitious goal aims to enhance pilot proficiency and overall military readiness. Specifically, the Air Force seeks to fund 1.147 million flying hours for FY2027. While this figure is positioned as the maximum the…

Key Takeaways AI-Native Wallet: Stripe has launched Link, a digital wallet specifically engineered to securely integrate with autonomous AI agents, enabling them to make purchases on a user’s behalf with explicit permission. Enhanced Security & Control: Link addresses key user concerns by allowing AI agents to request spending approval via OAuth and virtual cards, preventing direct exposure of sensitive payment credentials and offering future granular spending limits. Comprehensive Features: Beyond its AI capabilities, Link functions as a full-featured digital wallet, consolidating payment methods, tracking spending, managing subscriptions, and providing purchase protection. Financial services platform Stripe is introducing a digital wallet…

HMS Prince of Wales Prepares for Major North Atlantic Deployment, Operation Firecrest HMS Prince of Wales, the United Kingdom’s Fleet Flagship, has arrived in Glenmallan, Scotland, to load ammunition and supplies as it prepares for Operation Firecrest, a significant Royal Navy deployment to the North Atlantic and High North. The 65,000-tonne aircraft carrier departed Portsmouth earlier this month and is undertaking this routine logistics visit to a munitions facility on the western shore of Loch Long in Argyll, a site historically used by Royal Navy vessels for such preparations ahead of major deployments. Operation Firecrest, publicly announced by the Prime…

You’ve heard of Instagram Reels — now get ready for Netflix Clips. Key Takeaways Content Discovery Reinvented: Netflix is launching “Clips,” a vertical video feed within its mobile app, designed to help users quickly discover new series, films, and specials through personalized highlights. Embracing Vertical Video: Following the widespread success of platforms like TikTok and Instagram Reels, Netflix is adapting the short-form, vertical video format, recognizing its power in engaging mobile users and influencing viewing habits across the streaming industry. Strategic Differentiation: While adopting a popular format, Netflix emphasizes that “Clips” is not intended to directly compete with social media…

**THE FUTURE IS RED!** In a move that sends tremors of excitement through Old Trafford and beyond, Manchester United’s midfield maestro, Kobbie Mainoo, has officially inked a colossal new contract, committing his electrifying talent to the Theatre of Dreams until a resounding 2031. This isn’t just a contract extension; it’s a declaration of intent, a foundational pillar for a new era, and a testament to the club’s belief in its brightest young star. The five-year extension decisively silences the whispers and speculation that had begun to circulate regarding the 21-year-old phenom’s long-term future. Under the astute stewardship of interim boss…