Category: Business

Leading AI and large language model start-up AI21 Labs has announced the closing of a successful $115 million Series C funding round, in a striking demonstration of the soaring interest and investment in the rapidly evolving field of artificial intelligence. This substantial funding round — the third-largest fundraise by an Israeli company this year — […]

Imagine the following scenario: A video is published on the Internet, in which National Security Minister Itamar Ben-Gvir makes the following statement: “Senior officers in the Israel Police have informed the minister that the WhatsApp and Facebook groups of the anti-reform movement contain large quantities of inciting messages which could lead to endangering the lives […]

Banned in Paris but welcomed in Tel Aviv: electric scooters embark on their ‘aliyah’ journey, trading the boulevards of Paris for the beaches of Tel Aviv. September 1 marked a significant shift for Parisians as their streets, once dotted with rentable electric scooters, stood scooter-free. Many rejoiced, seeing the scooters as pedestrian obstacles, but others […]

The Israeli food tech community is emerging as a beacon of innovation in an era of escalating environmental sustainability and resource conservation concerns. The statistics are alarming: According to the United Nations, the global food sector accounts for a staggering 30% of the world’s energy consumption and contributes to 25% of greenhouse gas emissions. Moreover, […]

The first lesson of economics is scarcity: there is never enough of anything to fully satisfy all those who want it. The first lesson of politics is to disregard the first lesson of economics. –Thomas Sowell For many children, this week marked the first day of school. While social media is full of pictures of […]

Federal prosecutors are looking into Tesla performance claims after Reuters reported the electric carmaker exaggerated the potential driving distance of its vehicles, the Wall Street Journal reported on Wednesday. Reuters reported in July that Tesla cars often fail to achieve their advertised range estimates and projections reported by the cars’ own equipment, citing experts who […]

The biotechnology company, Colossal, intends to revive the Woolley Mammoth as soon as 2027, medium.com reported in January of this year. The biosciences company lays out a ten-step process for how they will resurrect the Woolley Mammoth.   Step one is to locate well-preserved mammoth samples. This step is simple as mammoths frequently colder regions […]

The Ben-Gurion University of the Negev is developing a Minecraft campus called the “Entrepreneurship 360” center in preparation for the upcoming academic year, the University announced in a Wednesday statement. The new virtual center is being created for the purpose of educating students in the particulars of entrepreneurship and investing while allowing them to explore […]

An Israeli green energy firm has received approval from the Finance Ministry to provide a Holon-based hospital with electric process heat, effectively replacing the current natural gas-fueled steam boilers. This transition is projected to significantly reduce the hospital’s local carbon emissions by 3,900 tons annually. Brenmiller announced that the ministry has greenlit a budget of […]

The latest report on the Israeli economy from the Melnick State of the Economy Index reveals that the country’s economic conditions remained stagnant in July 2023, with ongoing concerns regarding the business sector’s sluggish activity and a notable deceleration in growth during the second quarter. The Melnick Index, developed by Prof. Rafi Melnick of Reichman […]