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Tech Israel
Daily Updates from Silicon Wadi for
Friday, May 29, 2026
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View previous edition
Next edition: today at 7:00 pm
Major Israeli tech firms commence sweeping layoffs as AI revolution roils industry
By
Sharon Wrobel
Israeli website builder Wix cuts 20% of global staff as strong shekel fuels costs amid shift to ‘AI-native ways of working,’ with fintech firm Rapyd and software firm Amdocs following suit
Investors, governments eye Israeli AI startup sifting oceans of raw video for intel
By
Sharon Wrobel
Utilized in wake of Oct. 7 attack, Airis Labs says its platform can scan scads of visual data from smartphones, drones, CCTV, social media and more to find useful info faster than humans
Elbit’s profit soars as global defense needs drive record order backlog
By
Sharon Wrobel
Defense firm reports growing sales of ammunition and munitions to Israel’s military and Europe; total orders top $30 billion at the end of March, with 71% tied to global customers
'Aging may be more plastic than we once believed'
In step toward immortality, Israeli scientists say they can ‘rewind’ aging in mouse livers
By
Diana Bletter
SIRT6 ‘longevity’ protein reverses DNA structure in new peer-reviewed study by researchers at Bar-Ilan University and US National Institute on Aging; treatment seeks to extend healthy human lifespan
'If the shekel gets stronger I don't know if I'll make rent'
A stronger shekel has become a pressing problem for Americans building lives in Israel
By
Theia Chatelle
Drop in purchasing power hits expats who’ve maintained financial ties to the US, while weakened dollar also affects exporters and nonprofits, who receive much of their funding from abroad
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