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Meet a workplace AI cross-app platform that shows employees what’s important
By Sharon Wrobel
Israeli startup theGist launches a platform that centralizes employee work apps in one place to manage information overload and boost productivity
Israeli startup theGist's single AI-managed hub that centralizes employee workapps. (Courtesy)
Illustration of a how car that will run on Electriq~Global's water-based fuel will work (Courtesy)
Six startups make World Economic Forum tech pioneers list
By Sharon Wrobel
Global list highlights early growth-stage companies ‘poised to have a significant impact on business and society’; previous cohorts included Google, Twitter, Airbnb, Spotify
Photo: iStock
Promoted Content
Volvo makes strategic investment in Israeli driver safety startup
European car giant bets big on Jerusalem-based CorrActions to boost driver monitoring
N-Drip's drip irrgation system in the US. (Martin Hobelman/N-Drip)
Agritech firm N-Drip raises $44 million in Liechtenstein-led funding round
By Sharon Wrobel
Drip irrigation tech developer inks cooperation agreement for the marketing of its systems in rice fields in the US, India and other countries
Castor plants in a field. (Courtesy)
Evogene subsidiary nabs $9.1m deal for supply of castor seeds for biofuel production
By Sharon Wrobel
Bank of Israel head urges lenders to pay fair interest on deposits, current accounts
By Sharon Wrobel
Bank of Israel governor Prof. Amir Yaron on Tuesday called on Israel’s lenders, which have been enjoying huge profits from higher interest rates, to pass on those rates to customers and start paying interest on funds sitting in current accounts. Yaron summoned the CEOs of the country’s banks... Continue Reading
Bank of Israel Governor Amir Yaron speaks during a press conference at the Bank of Israel in Jerusalem, on January 7, 2019. (Noam Revkin Fenton/Flash90)
Compass Datacenters designs and constructs data centers for some of the world’s largest cloud services providers in North America. (Courtesy)
Azrieli to sell stake in US data centers firm for about NIS 3.2 billion
By Sharon Wrobel
Real estate developer expects to record a pre-tax gain of NIS 1.3 billion from the sale of the 32.5% stake
In this August 16, 2019, file photo, the logo for JPMorgan Chase & Co. appears above a trading post on the floor of the New York Stock Exchange in New York. (AP Photo/Richard Drew)
JPMorgan expands commercial banking business to Israel to cater to tech companies
By Sharon Wrobel
US lender hires new banking team of 10 people to serve local startups and high-tech firms
Illustrative: The Tel Aviv Stock Exchange. November 29, 2020. (Miriam Alster/FLASH90)
Shekel weakens as Netanyahu puts judicial reform back on the agenda
By Sharon Wrobel
Local currency returns to losses amid renewed uncertainty over the advancement of proposed changes to the judicial system
A man shops for groceries at a Rami Levy supermarket in Jerusalem on February 3, 2022. (Yonatan Sindel/Flash90)
Israeli inflation lower than forecast in May, boosting odds of rate hike pause
By Sharon Wrobel
Intel Corp.'s R&D center in Haifa. (Courtesy)
Intel to invest ‘unprecedented’ $25 billion in chip manufacturing plant in Israel
By Sharon Wrobel
Netanyahu hails investment as largest ever by a global private company in the country; Kiryat Gat plant to hire thousands
Mobileye celebrates its IPO by ringing the opening bell at the Nasdaq MarketSite, on October 26, 2022. (Michael M. Santiago / GETTY IMAGES NORTH AMERICA / Getty Images via AFP)
Intel to sell $1.5 billion of Mobileye stake via secondary share offering
By Sharon Wrobel
Eshkol power plant, Israel's largest natural gas powered plant, near the port of Ashdod. (Courtesy)
Israel Electric sells Eshkol power plant to private group for over NIS 12 billion
By Sharon Wrobel
Sale of power plant is part of electricity sector reform to boost competition; Energy Minister Katz says part of proceeds will be used to lower electricity prices
Tel Aviv moves up to 5th place in annual ranking of best global tech ecosystems
By Sharon Wrobel
Tel Aviv moved up two spots to fifth place in an annual survey ranking the world’s most attractive ecosystems for startups and innovation by US research firm Startup Genome, rising from seventh last time. The study mapped the global startup industry across more than 140 ecosystems worldwide, collating data on 3.5 million startups.... Continue Reading
Illustrative: Skyscrapers in Tel Aviv. March 2023. (Anna Arinshtein via iStock by Getty Images)
Innovation Africa founder & CEO Sivan Yaari bringing solar panels to an African village in Karamoja, Uganda. (Courtesy)
Interview
Kernels of hope: This book picks 13 earthshaking innovators for world’s challenges
By Shoshanna Solomon
Avi Jorisch’s ‘Next’ spotlights countries and entrepreneurs playing outsized roles in tackling major challenges and finding solutions to mankind’s problems in the coming 30 years
‘Next’: A glimpse at innovators and tech set to change the world as we know it
By Shoshanna Solomon
The Tel Aviv Stock Exchange, in the center of Tel Aviv, December 25, 2018. (Adam Shuldman/Flash90)
Shekel seesaws amid Knesset’s judicial selection drama
By Sharon Wrobel
Currency regains earlier losses after opposition’s surprise win of seat on panel; Israeli shares close lower amid investor concern over ability to reach broad compromise
Outgoing Finance Ministry chief economist Shira Greenberg speaks at the Aaron Institute for Economic Policy conference at Reichman University, June 14, 2023. (Oren Shalev)
Business execs urge Netanyahu to let opposition have seat on judicial panel
By Sharon Wrobel
Illustrative: People shop at a Rami Levy supermarket in Jerusalem, on February 3, 2022. (Yonatan Sindel/Flash90)
Rami Levy seeking deal with international supermarket chain for discounted products
By Sharon Wrobel
Rami Levy says it’s in talks with global retailers, including French groups Auchan and Casino and Dutch-owned SPAR
Israel earmarks NIS 75 million for five new tech innovation hubs in the periphery
By Sharon Wrobel
Israel has earmarked NIS 75 million ($21 million) for the creation of five tech innovation hubs as a way to foster high-tech entrepreneurship and boost local employment opportunities for residents in the Negev and in the Galilee and close gaps between the periphery and the center. The innovation hubs will be set up... Continue Reading
For Illustation: View of solar panels set up in the Negev desert, June 19, 2018. (Miriam Alster/Flash90)
A Percepto autonomous drone that can monitor and inspect industrial sites with critical infrastructure. (Courtesy)
Israeli drone maker Percepto raises $67 million after US regulatory nod
By Sharon Wrobel
Developer of autonomous drones that monitor and inspect critical industrial sites says FAA approval will enable mass deployment across the United States
Israel holds first demonstrations of air taxi flight tests. (B.Y. Creative & Productions)
Drone taxis take first test spin in Israel in bid to ease traffic congestion
By Sharon Wrobel
Incoming Israel Securities Authority chairman Yosef (Seffy) Zinger. (Courtesy)
Seffy Zinger to be appointed head of Israel securities watchdog
By Sharon Wrobel
Finance minister selects Zinger, a partner at law firm Herzog Fox & Neeman, as chairman of the Israel Securities Authority, subject to approval
OpenAI co-founders Sam Altman (center) and Ilya Sutskever (right) on a panel at Tel Aviv University, June 5, 2023. (Chen Galili)
Israel will have ‘huge role’ to play in AI revolution, OpenAI’s Sam Altman says
By Sharon Wrobel
Visiting co-founder of Microsoft-backed OpenAI says firm is examining various investment options in Israel; meets with President Herzog, speaks to high-tech leaders and students
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
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)
European Investment Bank (EIB) Vice President Gelsomina Vigliotti (right) with Alan Tavir, CEO of IDE Technologies Group and European Union Ambassador to Israel Dimiter Tzantchev announce EIB support for Western Galilee desalination project, June 25, 2023. (Courtesy)
June 25, 2023, 9:28 pm
EU financial arm to invest €900m in Israel, including Western Galilee desalination
European Investment Bank allocates €150 million for water facility plus €500m in Bank Leumi credit to encourage green business projects, and assesses €250m for Tel Aviv light rail
By Sharon Wrobel
Illustration of a how car that will run on Electriq~Global's water-based fuel will work (Courtesy)
June 22, 2023, 7:55 pm
Six startups make World Economic Forum tech pioneers list
Global list highlights early growth-stage companies ‘poised to have a significant impact on business and society’; previous cohorts included Google, Twitter, Airbnb, Spotify
By Sharon Wrobel
Israeli startup theGist's single AI-managed hub that centralizes employee workapps. (Courtesy)
June 22, 2023, 4:25 pm
Meet a workplace AI cross-app platform that shows employees what’s important
Israeli startup theGist launches a platform that centralizes employee work apps in one place to manage information overload and boost productivity
By Sharon Wrobel
N-Drip's drip irrgation system in the US. (Martin Hobelman/N-Drip)
June 21, 2023, 9:10 pm
Agritech firm N-Drip raises $44 million in Liechtenstein-led funding round
Drip irrigation tech developer inks cooperation agreement for the marketing of its systems in rice fields in the US, India and other countries
By Sharon Wrobel
Castor plants in a field. (Courtesy)
June 21, 2023, 6:09 pm
Evogene subsidiary nabs $9.1m deal for supply of castor seeds for biofuel production
Casterra signs agreement with top 10 oil and gas company to sell its high-yielding castor bean seeds to be cultivated in Africa
By Sharon Wrobel
Compass Datacenters designs and constructs data centers for some of the world’s largest cloud services providers in North America. (Courtesy)
June 20, 2023, 8:44 pm
Azrieli to sell stake in US data centers firm for about NIS 3.2 billion
Real estate developer expects to record a pre-tax gain of NIS 1.3 billion from the sale of the 32.5% stake
By Sharon Wrobel
Bank of Israel Governor Amir Yaron speaks during a press conference at the Bank of Israel in Jerusalem, on January 7, 2019. (Noam Revkin Fenton/Flash90)
June 20, 2023, 5:08 pm
Bank of Israel head urges lenders to pay fair interest on deposits, current accounts
Central bank chief instructs banks to fully pass on interest rates to deposit holders and come up with a plan to pay interest on the billions of shekels sitting in current accounts
By Sharon Wrobel
(Left to right) Prof. Yitshak Kreiss, director general of Sheba Medical Center; Mohamed Al Khaja, UAE ambassador to Israel; and Rashid Al Qubaisi, group chief corporate officer at PureHealth, in June 2023. (Courtesy of Sheba Medical Center)
June 20, 2023, 9:47 am
Sheba Medical Center enters partnership with largest UAE healthcare system
Agreement with PureHealth involves joint research, medical training, tech collaboration and medical tourism, as cooperation between fresh allies deepens
By Renee Ghert-Zand
In this August 16, 2019, file photo, the logo for JPMorgan Chase & Co. appears above a trading post on the floor of the New York Stock Exchange in New York. (AP Photo/Richard Drew)
June 19, 2023, 6:15 pm
JPMorgan expands commercial banking business to Israel to cater to tech companies
US lender hires new banking team of 10 people to serve local startups and high-tech firms
By Sharon Wrobel
Illustrative: The Tel Aviv Stock Exchange. November 29, 2020. (Miriam Alster/FLASH90)
June 19, 2023, 1:08 pm
Shekel weakens as Netanyahu puts judicial reform back on the agenda
Local currency returns to losses amid renewed uncertainty over the advancement of proposed changes to the judicial system
By Sharon Wrobel
Intel Corp.'s R&D center in Haifa. (Courtesy)
June 18, 2023, 4:36 pm
Intel to invest ‘unprecedented’ $25 billion in chip manufacturing plant in Israel
Netanyahu hails investment as largest ever by a global private company in the country; Kiryat Gat plant to hire thousands
By Sharon Wrobel
Eshkol power plant, Israel's largest natural gas powered plant, near the port of Ashdod. (Courtesy)
June 18, 2023, 1:49 pm
Israel Electric sells Eshkol power plant to private group for over NIS 12 billion
Sale of power plant is part of electricity sector reform to boost competition; Energy Minister Katz says part of proceeds will be used to lower electricity prices
By Sharon Wrobel
A man shops for groceries at a Rami Levy supermarket in Jerusalem on February 3, 2022. (Yonatan Sindel/Flash90)
June 15, 2023, 9:48 pm
Israeli inflation lower than forecast in May, boosting odds of rate hike pause
Consumer price index surprises with lower-than-expected monthly figure of 0.2% versus analysts’ expectations of 0.5%-0.6%
By Sharon Wrobel
Illustrative: Skyscrapers in Tel Aviv. March 2023. (Anna Arinshtein via iStock by Getty Images)
June 15, 2023, 6:24 pm
Tel Aviv moves up to 5th place in annual ranking of best global tech ecosystems
City climbs two spots since last year, in new Startup Genome survey ranking; Silicon Valley maintains its first-place position followed by New York City and London
By Sharon Wrobel
Scientists analyzing DNA helix and editing genome within organisms, CRISPR technology (elenabs via iStock by Getty Images)
June 15, 2023, 3:10 pm
‘Next’: A glimpse at innovators and tech set to change the world as we know it
This summary of Avi Jorisch’s new book takes a look at how people and countries are helping meet 13 key sustainable development goals
By Shoshanna Solomon
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