Anduril Deploys Tech Along Southern Border
Anduril Industries Inc. Executive Chairman Trae Stephens says its technology is being used across the southern border. "We are deployed across somewhere between 1/3 and 1/2 of the entire southwest border at this point." Stephens speaks to Tom Giles at the Bloomberg Tech summit.
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18 hours ago
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Staff at popular Atlanta restaurant say they were blindsided by sudden closing
The Brief Taco Mac's Midtown location abruptly closed Monday morning, leaving employees with no prior notice, according to one former worker. Former staff say they found out through text messages, social media and a sign on the door. The company declined to explain why it shut down Atlanta's last in-town location. ATLANTA - When Taco Mac's Midtown location suddenly shut down this week, workers say they had no warning. The owners announced the closure with a letter posted in the window of the restaurant that read "Permanently Closed." "It's frustrating because it's not knowing," Brandon Jovan Stephens, a former bartender at the Midtown location, said. "Just be honest. We bust our ass here." This was the only remaining in-town location of the Atlanta-based sports bar chain. A sign on the door said, "Our dedicated team members – the true heart of Taco Mac – will be offered opportunities at nearby locations." A spokesperson for the company declined to comment further. SEE ALSO: Taco Mac suddenly shutters 2nd Atlanta location in less than 2 months What we know Stephens said he worked over the weekend and saw no sign that the restaurant would be closing. "I worked over the weekend, Saturday and Sunday," he said. "Nobody told us anything." He said he first learned of the closure on social media and went to the restaurant to see for himself. "When I found out it was really true, was this sign. When the sign is gone and it's on the door permanently closed, that's it. That's all. Yeah. We have to bow out gracefully." The backstory The Peachtree Street location's closure comes less than a month after Taco Mac announced that it was shutting down its first location in Atlanta's Virginia Highland neighborhood after 46 years in business. "We built a clientele with our regulars, you know, but for this place to be shut down like this was, was just like a slap in the face to everybody," Stephens said. Just a few weeks ago, Taco Mac shut down its Virginia-Highland location — the original. The chain, which began as a single neighborhood bar in 1979, announced that the iconic corner of N. Highland and Virginia Avenue is transitioning to a new restaurant concept as the company focuses on future growth. It will be home to Jack Brown's Beer & Burger Joint. Another Taco Mac location on West Ponce de Leon in Decatur closed without warning in 2023. It had been in business for 22 years. "Lot of people had this as their only job," Stephens said. "You know, some people had kids." What's next Stephens said he's trying to stay optimistic about what's ahead. "It's frustrating to me and I'm standing up for it because it affected a lot of these people that worked here, worked here for a while," he said. "You got to think about it too, when one door closes, another one opens." The Source This article is based off of original reporting by FOX 5's Rob DiRienzo.
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Sector Spotlight: Boeing enters non-prosecution agreement with DOJ
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Yahoo
a day ago
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Anduril Industries raises $2.5bn funding, valuation hits $30.5bn
Anduril Industries has closed a $2.5bn funding round, significantly increasing its valuation to $30.5bn. The defence technology company aims to establish itself as a key player in the American national security sector. This funding round was led by Founders Fund, with a $1bn investment, marking the largest check in the venture capital firm's history. As per a filing with the SEC, Founders Fund finalised a $4.6bn late-stage venture fund in April 2025. The company's valuation has surged from $14bn in 2024, according to Anduril executive chairman Trae Stephens in an interview on Bloomberg Television. Anduril, based south of Los Angeles, focuses on technologies such as drones and artificial intelligence to enhance American defence capabilities. Anduril offers a range of products, including weaponised drones, software for drone control, and augmented reality helmets for military use. The importance of defence technology is underscored by recent events, such as the Ukrainian drone strikes on Russian military assets, highlighting the role of technology in modern warfare, reported the media outlet. Anduril co-founder Palmer Luckey, who previously co-founded Oculus VR, emphasised the need for the US to accelerate drone development to remain competitive with China. The company is also working on new infantry goggles for the US Army, a project potentially valued at over $20bn in the next decade. The recent funding follows a $1.5bn funding raise in 2024, aimed at constructing a factory in Columbus, Ohio, called Arsenal-1. This facility will mass-produce aerial and maritime drones, sensors, and other defence products. Additionally, Anduril has announced a partnership with Meta Platforms to develop AI-powered military products, including helmets. "Anduril Industries raises $2.5bn funding, valuation hits $30.5bn" was originally created and published by Verdict, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Errore nel recupero dei dati Effettua l'accesso per consultare il tuo portafoglio Errore nel recupero dei dati Errore nel recupero dei dati Errore nel recupero dei dati Errore nel recupero dei dati
