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Nvidia's HGX supercomputing platform. (Courtesy)
Nvidia taps into Israeli innovation to build generative AI cloud supercomputer
By Sharon Wrobel
Chip giant says Israel-1 supercomputer valued at several hundred million dollars is a ‘major investment’ that will boost next-generation AI workloads
OpenAI CEO Sam Altman speaks during a keynote address announcing ChatGPT integration for Bing at Microsoft in Redmond, Washington, on February 7, 2023. (Jason Redmond / AFP)
OpenAI’s Sam Altman to visit Tel Aviv next week as part of worldwide AI tour
By Sharon Wrobel
Co-founder and CEO of artificial intelligence lab is expected to visit a Microsoft Israel R&D center and take part in Tel Aviv University event
Photo: iStock
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Volvo makes strategic investment in Israeli driver safety startup
European car giant bets big on Jerusalem-based CorrActions to boost driver monitoring
Israel's XJet develops technology for 3D printing for metal and ceramic parts. (Courtesy)
Israel’s 3D printing firm XJet seeks to raise $10m from Nasdaq IPO
By Sharon Wrobel
Developer of inkjet technology for 3D printing of small metal and ceramic parts plans to offer 2 million shares as part of the initial public offering
An undated photo of a Stratasys F900 3D printer. (Business Wire via AP)
Israeli 3D printing firm Stratasys announces $1.8 billion merger deal
By ToI Staff
Sharon Wrobel
Analysis
Sharon Wrobel
Netanyahu’s fat man, thin man and the burden of the new state budget
As Israel was suffering from its worst economic recession two decades ago, then-finance minister Benjamin Netanyahu blamed the crisis on the fat man — the public sector — riding on the shoulders of a thin man — the private sector. In an interview last December, just before forming a government with ultra-Orthodox and nationalist parties... Continue Reading
Prime Minister Benjamin Netanyahu, with Finance Minister Bezalel Smotrich at his side, and other coalition ministers and MKs celebrate the passage of the state budget in the Knesset, May 23, 2023. (Yonatan Sindel/Flash90)
Team at Israeli startup Joyned in Jerusalem. (Nir Slakman/Courtesy)
Israeli social booking startup inks deal with Spanish hotel chain
By Sharon Wrobel
Joyned’s booking software lets travel website users invite friends & family to a live chat, in which all of them see the site’s content to organize and book their vacation
Illustration: Jaguar Land Rover electric vehicle. (Courtesy)
Jaguar Land Rover launches Israeli hub to scout for local startups, mobility tech
By Sharon Wrobel
Owned by Indian conglomerate Tata, the luxury automaker seeks joint projects and is looking to invest in local tech including cybersecurity and electrification
Bank Hapoalim posts NIS 2.01b quarterly profit fueled by 49% jump in interest income
By Sharon Wrobel
Bank Hapoalim, one of Israel’s two largest lenders, saw its net profit jump to NIS 2.01 billion ($551 million) in the first quarter of the year as net interest income surged 49 percent from a year ago on higher borrowing costs and rising inflation. Hapoalim's net profit in the first three months rose... Continue Reading
View of the Bank Hapoalim offices in the center of Tel Aviv. August 4, 2015. (Miriam Alster/Flash90)
Israeli sports startup MindFly has an agreement with EuroLeague, Europe’s top tier basketball competition, to fit players and referees with its AI bodycams and give the fans a first person view of everything they do on the court. (Courtesy)
Israeli startup to give fans a referee’s-eye view at the EuroLeague final games
By Sharon Wrobel
In first, referees will wear MindFly’s bodycam to capture a first-person view of games for fans to watch, hear and experience everything basketball players do on court
Steakholder Foods says it 3D printed the world's first ready-to-cook fish fillet using animal cells cultivated and grown in a laboratory. (Courtesy)
From Fruit Roll-Ups to a fish filet, Israeli startup ready to feed its printer
By Sharon Wrobel
Steakholder Foods says it produced world’s first ready-to-cook filet that can go from printer to plate within minutes
The logo for IBM appears above a trading post on the floor of the New York Stock Exchange, March 18, 2019. (AP/ Richard Drew/ File)
IBM buys Israeli cybertech startup to automate cloud data protection management
By Sharon Wrobel
Polar Security is IBM’s fifth acquisition in 2023; Israeli startup’s technology automates the detection, classification, and flow of sensitive data across cloud environments
Workers in a startup (Vadim_Key; iStock by Getty Images)
25% of tech firms plan layoffs after demand for workers halved in 2022 — report
By Sharon Wrobel
New survey shows 17,000 open positions in high-tech industry at end of last year, down from 32,900; warns global recovery could bypass Israel if political uncertainty continues
From right to left: Marian Cohen, chairman of the Israel Hi-Tech Association; Maya Schwartz, CEO of the Israel Hi-Tech Association; and Dongbeom Lee, chairman of KISIA sign agreement on cybersecurity cooperation, May 10, 2023. (Credit: Israel Hi-Tech Association)
Israel high-tech and Korea industry groups sign accord on cybersecurity cooperation
By Sharon Wrobel
Agreement looks to facilitate entry of Israeli cyber firms to Asian markets and help Korean firms with US market exposure
The opening of the Ra'anana branch of French supermarket chain Carrefour, attended by Carrefour Israel CEO Uri Kilstein and Patrick Lasfargues, president of Carrefour's international division, May 9, 2023. (Courtesy)
French retail chain Carrefour opens 50 stores across Israel, vowing to disrupt prices
By Sharon Wrobel
Basket of goods of Carrefour-branded goods is 60% cheaper versus basket of comparable goods by local competitors, according to retailer; analyst sees prices continuing to rise
Israeli startup UVeye develops automated inspection systems for vehicles. (Daniel Byrne)
Israeli vehicle scanner startup raises $100 million backed by General Motors, Hanaco
By Sharon Wrobel
UVeye, developer of an AI-powered scanner that can run full inspections of vehicles, seeks to boost sales and manufacturing in the US
US chip giant Qualcomm to buy Israeli road safety tech startup Autotalks
By Sharon Wrobel
US chipmaker Qualcomm announced on Monday that it is buying Israeli startup Autotalks, a developer of smart vehicle communication systems designed to improve road safety and help prevent car collisions. The chip designer said it entered into a definitive agreement through its subsidiary Qualcomm Technologies to acquire Autotalks for an undisclosed sum. Estimates... Continue Reading
Israeli startup Autotalks develops chipsets that allow vehicles to communicate or “talk” with one another, and connect to road infrastructure. (Courtesy)
Illustrative: Stena drilling ship. (NewMed Energy)
Israel’s NewMed Energy and partners begin drilling at Aphrodite gas field off Cyprus
By Sharon Wrobel
Energy companies with stake in field, including Chevron and Shell, look to appraise well to confirm estimates on size and scope of the gas deposit
Anat Halgoa Solomon, co-founder and CEO of Saturas showcases the Israeli startup's smart sensor-based precision irrigation system at Microsoft's booth at the World Agri-Tech Innovation Summit in San Francisco in March, 2023. (Courtesy)
Microsoft partners with Start-Up Nation Central to tap Israeli agrifood tech
By Sharon Wrobel
US tech giant to help bring local agritech to the next level; Israeli startups work with Microsoft teams and showcase their technologies to the global marketplace
Turkey conglomerate sees opportunities for collaboration with Israeli startups
By Sharon Wrobel
Turkish conglomerate Sabanci Group, which last year bought a majority stake in an Israeli cybersecurity company, sees more opportunities for tech investments and collaborations between the two countries which recently saw a renewal in diplomatic ties. “I was in Israel last year and my first thought was that I am late coming to... Continue Reading
Investor panel discussing M&A in Israel at the GoforIsrael conference in Tel Aviv, May 3, 2023. (Shai Shviro/Courtesy)
Government agency warns judicial uncertainty will damage tech ecosystem
By Sharon Wrobel
The debate over the government’s controversial plans to shake up the judicial system is fueling uncertainty among investors, prompting Israeli high-tech entrepreneurs and firms to relocate abroad, a government agency responsible for the local tech ecosystem warned on Monday. In a report presented to the Innovation, Science and... Continue Reading
Tech workers march in Tel Aviv to protest against the government's planned overhaul of the judicial system, January 31, 2023. (Tomer Neuberg/ Flash90)
Sharon Wrobel
InterviewTech investors are waiting for ‘sanity’ to return to Israel, says JVP founder
By Sharon Wrobel
Israeli startup Imagindairy uses precision fermentation technology to teach microorganisms such as yeast or fungi to produce animal-free milk proteins. (Tal Shahar/Imagindairy)
Israel’s Imagindairy nabs Danone as strategic investor for cow-free dairy products
By Sharon Wrobel
Israeli foodtech startup uses precision fermentation tech to make versions of whey and casein proteins that can be used to produce dairy duplicates
Scientists at Israeli food tech startup Remilk present dairy products made with its cow-free milk protein. (Courtesy)
Remilk gets first regulatory permit in Israel to sell cow-free milk
By Sharon Wrobel
Envoy Technologies has created an on-demand EV sharing service charging drivers by the hour or by the day by using a mobile app. (Courtesy)
Israeli-founded EV sharing startup Envoy bought by Blink Charging in $34m deal
By Sharon Wrobel
Startup’s electric car sharing platform is used at apartment buildings, hotels and workplaces; deal comes as tech startups struggle to raise funds
Zephyrus Wing Energies Ltd.'s management team opens trade at Tel Aviv Stock Exchange together with TASE officials, April 23, 2023. (Credit: Liat Mandel)
Renewable energy firm opens trade on Tel Aviv Stock Exchange after IPO
By Sharon Wrobel
An illustrative photo of the Tel Aviv financial business district skyline. (Elijah Lovkoff via iStock by Getty Images)
May 30, 2023, 4:49 pm
Return of judicial overhaul could hurt Israel’s credit rating, Fitch warns
Bank of Israel head says economy has suffered significant shock in recent months due to proposed sweeping changes to judicial system
By Sharon Wrobel
View of the Tel Aviv Stock Exchange on November 29, 2020. (Miriam Alster/ Flash90/ File)
May 29, 2023, 10:16 pm
Renewed market concern over judicial overhaul weakens shekel, keeps rates high
Continued shekel weakness is expected to make imported goods, including food and travel abroad, more expensive; economists see borrowing costs rising to 5% in coming months
By Sharon Wrobel
OpenAI CEO Sam Altman speaks during a keynote address announcing ChatGPT integration for Bing at Microsoft in Redmond, Washington, on February 7, 2023. (Jason Redmond / AFP)
May 29, 2023, 1:52 pm
OpenAI’s Sam Altman to visit Tel Aviv next week as part of worldwide AI tour
Co-founder and CEO of artificial intelligence lab is expected to visit a Microsoft Israel R&D center and take part in Tel Aviv University event
By Sharon Wrobel
Nvidia's HGX supercomputing platform. (Courtesy)
May 29, 2023, 8:34 am
Nvidia taps into Israeli innovation to build generative AI cloud supercomputer
Chip giant says Israel-1 supercomputer valued at several hundred million dollars is a ‘major investment’ that will boost next-generation AI workloads
By Sharon Wrobel
Israel's XJet develops technology for 3D printing for metal and ceramic parts. (Courtesy)
May 28, 2023, 6:58 pm
Israel’s 3D printing firm XJet seeks to raise $10m from Nasdaq IPO
Developer of inkjet technology for 3D printing of small metal and ceramic parts plans to offer 2 million shares as part of the initial public offering
By Sharon Wrobel
An undated photo of a Stratasys F900 3D printer. (Business Wire via AP)
May 26, 2023, 5:31 pm
Israeli 3D printing firm Stratasys announces $1.8 billion merger deal
Agreement with US company Desktop Metal expected to generate $1.1 billion in revenue in 2025, aims to create leading operation in fragmented industry
By ToI Staff
An illustrative image showing an electric car charging while in motion using wireless charging infrastructure tech by Electreon. (Electreon)
May 26, 2023, 6:40 am
1,200 miles: Israeli startup Electreon sets record for longest drive by electric car
Vehicle travels for over 100 hours nonstop using wireless charging technology, company says
By ToI Staff
Team at Israeli startup Joyned in Jerusalem. (Nir Slakman/Courtesy)
May 25, 2023, 1:17 pm
Israeli social booking startup inks deal with Spanish hotel chain
Joyned’s booking software lets travel website users invite friends & family to a live chat, in which all of them see the site’s content to organize and book their vacation
By Sharon Wrobel
A child in Malawi enjoys clean water thanks to the work of Innovation Africa. (Innovation Africa)
May 24, 2023, 1:15 pm
Three clean water startups win contest to pilot their technology in Africa
EZMEMS, NanoClear Water Solutions, and SoLED will work with Innovation Africa, whose solar panels pump water from underground aquifers and clean it for villagers
By Sue Surkes
Illustration: Jaguar Land Rover electric vehicle. (Courtesy)
May 23, 2023, 7:46 pm
Jaguar Land Rover launches Israeli hub to scout for local startups, mobility tech
Owned by Indian conglomerate Tata, the luxury automaker seeks joint projects and is looking to invest in local tech including cybersecurity and electrification
By Sharon Wrobel
A branch of Bank Leumi in central Jerusalem (Maxim Dinshtein/Flash90)
May 23, 2023, 3:14 pm
Bank Leumi earns NIS 981m in 1st quarter, down 39%, after US bank value writedown
Net interest income jumps 36% to NIS 3.9 billion in the first quarter of 2023 from last year’s Q1; bank announces dividend, share buyback
By Sharon Wrobel
View of the Bank Hapoalim offices in the center of Tel Aviv. August 4, 2015. (Miriam Alster/Flash90)
May 22, 2023, 2:06 pm
Bank Hapoalim posts NIS 2.01b quarterly profit fueled by 49% jump in interest income
Net profit surges 21.3%, prompting bank to raise dividend payout 10 percentage points to 40% of quarterly profit as it benefits from steady interest rate hikes over past year
By Sharon Wrobel
Tech workers march in Tel Aviv to protest against the government's planned overhaul of the judicial system, January 31, 2023. (Tomer Neuberg/ Flash90)
May 20, 2023, 10:15 am
Facing multiple crises, Israel’s high-tech looking to emerge stronger
A key driver of Israel’s economy, the sector has been buffeted by a global economic slowdown and uncertainty over internal political turmoil, but analysts remain bullish
By Jonah Mandel
Steakholder Foods says it 3D printed the world's first ready-to-cook fish fillet using animal cells cultivated and grown in a laboratory. (Courtesy)
May 18, 2023, 7:07 pm
From Fruit Roll-Ups to a fish filet, Israeli startup ready to feed its printer
Steakholder Foods says it produced world’s first ready-to-cook filet that can go from printer to plate within minutes
By Sharon Wrobel
Industry leaders, scientists, engineers, physicians, and investors from over 45 countries at Biomed Israel 2023 conference, Tel Aviv, May 16, 2023. (Alexander Elman)
May 17, 2023, 10:47 pm
At Biomed Israel conference, medical start-ups discuss challenges in reaching success
Companies dealing in life sciences and technology face tougher times ahead due to global economic uncertainty and political crisis at home
By Renee Ghert-Zand
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