Hadrian raises $260M to build out automated factories for space and defense parts

Hadrian wants to revolutionize American manufacturing through automation.

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Defense manufacturing startup Hadrian closes $260 million funding round led by Peter Thiel’s Founders Fund

Defense startup Hadrian on Thursday announced the closing of $260 million Series C funding round led by Peter Thiel’s Founders Fund and Lux Capital.

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After raising over $3M, popular VC-backed beauty brand Ami Colé is shuttering

Diarrha N’Diaye-Mbaye, one of the first among the small number of Black women to raise more than $1 million in venture capital, announced on Thursday the closure of her award-winning beauty startup Ami Colé. 

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OpenAI launches a general purpose agent in ChatGPT

OpenAI announced the launch of ChatGPT agent, which the company claims to be its most capable AI agent product yet.

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Amazon cuts some jobs in cloud computing unit as layoffs continue

Amazon has continued to lay off groups of employees this year eliminating more than 27,000 roles since 2022.

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Meta investors settle $8bn lawsuit with Zuckerberg over Facebook privacy

Shareholders accused Meta leaders of damaging the company by allowing repeat violations of Facebook users’ privacy.

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Twitch starts testing vertical video streams

Twitch’s tests are not widespread at this point, as Appsensa’s research only found a handful of references in the app’s code that mentioned the tests would focus on just “a few streamers” for the time being.

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Meta appoints generative AI VP to run Threads

Meta appointed Connor Hayes, Meta’s VP of product for generative AI, to become the head of Threads.

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Taiwan Semi is speeding up U.S. chip production due to demand, CEO says

TSMC still faces looming uncertainty after U.S. President Donald Trump threatened steep tariffs on Taiwan.

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Elon Musk gets more time to respond to SEC suit over Twitter disclosure

Musk now has until Aug. 29, an additional six weeks, to answer the SEC’s complaint.

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