Category: Business

AI-enabled retail-tech company Onebeat has secured an additional $10 million in funding to fuel the expansion of its highly-adaptive retail platform, enhance its business operations, and facilitate new business growth. The Series B financing round was led by Magenta Venture Partners, with participation from existing and new investors including AnD Ventures, INcapital Ventures, J-Ventures, Surround […]

Teva Pharmaceutical Industries TEVA.TA on Wednesday agreed to pay Nevada $193 million to settle claims that its marketing practices fueled opioid addiction, the state announced. Nevada was one of two states, along with New Mexico, that did not join a $4.35 billion nationwide settlement with the Israel-based drugmaker last year. New Mexico has also since […]

The creator of one of gaming’s most iconic characters has found himself behind bars. Yuji Naka, the creator of Sonic the Hedgehog, was arrested in Japan last November after being accused of insider trading at Square Enix, where he was working since 2018. Back in March 2023, Naka pled guilty and this week, he was […]

As many as 1.9 billion people will be without clean cooking and 660 million without access to electricity in 2030—mainly in Africa and the developing world—if swift and expansive action is not taken, according to a new international report. “Tracking SDG 7: The Energy Progress Report” tracks progress toward the world achieving Sustainable Development Goal […]

The gender wage gap between men and women in Israeli hi-tech currently stands at 30%, and only 3% of CEOs in the industry are women, newly published data revealed ahead of the Mind the Gap conference that will take place later in June. The findings were published by the company Compete ahead of the conference, […]

For the first time ever in Israel, Azrieli College of Engineering Jerusalem is holding a virtual open day in the Metaverse for potential students from all across the country. Virtual reality technology enables potential students to have a virtual simulation of the college environment, including speaking with professors, department heads and students.  These virtual visitors […]

In six months, Bank of Israel Governor Prof. Amir Yaron will end his five-year term of office. The global and Israeli economic landscape has changed completely since he entered office. Yaron has been through a global pandemic, high inflation, aggressive rate hikes that are still continuing and political pressure that none of his predecessors likely […]

Britain has committed to the removal of Chinese-made surveillance equipment from sensitive government sites as part of its latest plans to address national security concerns related to China. Under Prime Minister Rishi Sunak, who has cast China as the world’s greatest challenge to security and prosperity, the government told its departments last year to stop […]

Although OpenAI CEO Sam Altman has no plans to open an OpenAI R&D Center in Israel, preferring to concentrate all the company’s activities in San Francisco, sources familiar with the situation have told Globes that the Microsoft R&D Center in Herzliya will play a key role in the commercialization of the chatbot ChatGPT version sold […]

A new initiative from the L’Oréal Israel Group will offer an innovative learning, training, and professional enrichment campus in the world of skincare to female influencers and content creators through the newly launched SkinCare Campus program. The campus will train content creators who deal with skincare content and provide them with professional knowledge through a […]