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TECH ISRAEL

Updates from Silicon Wadi on Wednesday, August 21, 2019

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Illustration of a Porsche car equipeed with a TriEye SWIR camera. (Dr Ing.h.c.F Porsche AG)

Israeli road visibility chipmaker TriEye nabs investment from Porsche

By Shoshanna Solomon

$19 million raised from investors including billionaire Marius Nacht will be used to further develop the product and for team growth, startup says

Illustrative: A worker tends to cannabis plants at a growing facility for the Tikun Olam company near Safed, August 31, 2010. (Abir Sultan/Flash90)

Israel cannabis operations of Tikun Olam reportedly up for sale

By Shoshanna Solomon

Decision to sell follows court ruling backing Health Ministry decision to revoke firm’s license unless founder cuts back holdings, Calcalist says

Illustrative: Ecstasy pills (AP Photo/Isidoro Pitera')

Israel seeks to beat PTSD with ‘ecstasy’ therapy

By Jonah Mandel

Health Ministry opens pilot program after study shows effectiveness of MDMA in treating post trauma, common among IDF veterans

Analysis

Losing bite, friendlier state watchdog is accused of being Netanyahu’s poodle

New ombudsman under fire as he mulls axing anti-corruption unit, peppering audits with compliments, refraining from real-time criticism; this after shaking up key oversight panel

Matanyahu Englman (R) shakes hands with Prime Minister Benjamin Netanyahu at the Prime Minister's Office in Jerusalem shortly after being nominated for state comptroller on June 3, 2019. (PMO/Twitter)

Illustrative: Amazon Prime boxes are loaded on a cart for delivery, October 10, 2018, in New York. (AP Photo/Mark Lennihan)

Amazon introduces services for Israeli sellers as it grows local operations

Retail giant debuts webpage in Hebrew aimed at businesses, advertising new international shipping to and from Jewish state

Larry Rothwachs

Surviving and thriving without screens

We dared to take electronic devices away from all 1300 of our campers and staff members — what happened next was remarkable

Members of Intel's Haifa team at the presentation of the new AI chip at the Hot Chips conference; Aug. 20, 2019 (Courtesy)

Intel unveils inference-capable chip sired by Haifa team

By Shoshanna Solomon

The Nervana NNP-I chip, already in use by Facebook, is meant for large computing centers, enabling computers to reach valuable conclusions

Illustrative image of a handshake for a bank loan. The Ogen - Israel Social Bank intends to increase the supply of affordable credit for low-income families (Pattanaphong Khuankaew; iStock by Getty Images)

Trying to shrink Israel's economic and social gaps via loans

Israel’s 1st social bank set to offer credit to those who find it out of reach

By Shoshanna Solomon

Ogen, a provider of interest-free loans to low-income borrowers, now seeks to broaden its scope by offering more people low-interest loans as an impact-investment bank

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