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Pickleball Is the Past. The Tech Elite Is Obsessed With Padel

Back in 2023, Matias Gandulfo and Lucas Tepman set out to build the first club in San Francisco devoted to padel, a racket sport that combines elements of tennis and squash. It originated in Mexico and is popular in their native Argentina, attracting millions of players. But potential California landlords for the club thought they were nuts: No way would padel take off in America, too. The two eventually found a space to conduct their experiment: a former airplane hangar on Treasure Island. “...

Alibaba Bans Employees From Using Claude

Alibaba internally cited security concerns about Claude Code’s recently discovered hidden code targeting Chinese users.

Kuaishou Announces Kling AI Video Unit’s Fundraising at $15 Billion Valuation

The fundraising, first reported by The Information in May, paves the way for Kling’s initial public offering.

SoftBank Plans to Rent AI Computing Capacity to U.S. Companies

The new unit will compete with other neo cloud companies.

Google Loses Fight Against Record €4.1 billion Android Antitrust Fine

The European court's dismissal ends an eight-year antitrust tussle.

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Nvidia’s Longtime Sales Chief Retires

Jay Puri’s successor is Microsoft sales veteran Nicholas Parker.

OpenAI Has Discussed Size of Stake U.S. Government Could Take

The company has floated the idea of a public fund seeded with AI company stocks.

What happens when Silicon Valley logs off—the trends, people and companies shaping tech culture.

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Tesla Vehicle Sales Rebounded 25% in Second Quarter

Makers of electric vehicles and plug-in hybrids have benefitted from surging gas prices this year due to the Iran War, even as other U.S. automakers beyond Tesla have been refocusing on combustion vehicles.

Microsoft Commits $2.5 Billion to New Applied AI Consulting Effort

The new unit comes as large companies have groused that it can be tricky to configure AI software to their own needs and generate meaningful returns.

Alibaba and Affiliate to Pay $600 Million in U.S. Settlement Over Illegal Drug Sales

The Justice Department says Alibaba and its U.S. payment affiliate failed to stop merchants from illegally importing drugs into the U.S.

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Meta Said to Plan AI Cloud Business Push

Selling excess computing power could help the company offset some of its AI infrastructure investments.

Microsoft Plans Thousands of Layoffs in Sales, Engineering, Xbox

Microsoft typically conducts layoffs after the close of its fiscal year, which ended on Tuesday. The company has said headcount will slightly decline this year.
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