Tech & Finance
Israeli tech, startups, markets, and the shekel economy.
Ruth Elias, Phoenix: 'A successful company allows dialogue also about risks'
Ruth Elias, Deputy CEO and Deputy Legal Counsel of Phoenix Financial, described at the Globes Next Generation Investors conference the career stations that led her to the integration of law, business, and investments. She emphasized…
Mamdani turns a memorial into an indictment
Three years after Oct. 7, Hamas’s massacre of some 1,200 people and kidnapping of 251 hostages remains an open wound for grieving families. New York City Mayor Zohran Mamdani marked the anniversary with a statement…
Report: Amazon in talks to acquire Israeli AI startup Decart
Amazon is reportedly negotiating a $7 billion acquisition of Israeli AI startup Decart, founded in 2023 and known for its real-time video editing technology
It can happen to him too: Elon Musk revealed his address during a live broadcast
While trying to demonstrate how Grok can make online purchases by scanning a credit card, Elon Musk shared a screenshot in which his mailing address appeared. Online, people quickly pointed out the blunder, and Musk…
Middle East conflicts, energy supplies, to dominate IMF-World Bank meetings in Thailand
The US-Israeli-led war with Iran, now in its eighth month, and the inflation and hardship it has caused will dominate the agenda and sideline conversations during the annual meeting
Google launches free AI service: there is an unexpected nuance
Google has introduced a free application Google AI Edge Foresight, capable of recording, transcribing, and analyzing work meetings without an internet connection. The main feature of the development is that artificial intelligence processes information directly…
September deficit reached NIS 10.1 billion; annual deficit remains at 3.2% of GDP
The Ministry of Finance published the budget execution data for September 2026, according to which the monthly deficit totaled approximately NIS 10.1 billion, compared to NIS 9.5 billion in September last year. The cumulative deficit…
Indictment against Israeli 'cyber expert': Paid hackers - and submitted to client a bill 18 times higher
Owner of MonsterCloud, Zohar Pinchasi, was brought in handcuffs to court in Brooklyn and charged with defrauding companies that hired his services precisely to avoid paying hackers who locked their files and demanded ransom. According…
Israel’s Economy Continues to Grow, Defying Three Years of War, Global Pressure
People sit at an outdoor restaurant where Israeli flags are displayed, amid the ongoing conflict between Hamas and Israel, in Tel Aviv, Israel, July 12, 2024. REUTERS/Eloisa Lopez Israel’s economy has shown a striking display…
Israel fourth in the world in an incredible sector
Israel ranks fourth in the world in an underrecognized economic statistic. Since the start of the war, net credit extended by the Israeli economy to foreign countries has reached approximately $350 billion, and in parallel,…
ICE targets an anti-Israel protester — this time, a Hasidic Jew
Yehonatan Ovadia, an Orthodox Jew from the anti-Zionist Satmar Hasidic sect, has joined a number of protests around New York and New Jersey against Israel. Now, he’s at risk of being deported there. Ovadia, 35,…
Trump summoned tech barons to the White House and decided: AI companies will supervise themselves
The President of the United States convened at the White House the leaders of the technology industry, including Elon Musk, Jensen Huang, and Jeff Bezos, but the meeting ended without binding regulation. Instead, the companies…
OpenAI is seeking at least $30 billion in new funding at a valuation of roughly $1.4 trillion, Bloomberg reports. The round follows the postponement of its IPO plans and comes a…
OpenAI is seeking at least $30 billion in new funding at a valuation of roughly $1.4 trillion, Bloomberg reports. The round follows the postponement of its IPO plans and comes after a $122 billion raise…
Alona Bar-On, Globes publisher: "The share of women in control of financial capital is jumping"
"Some of the women here are the only ones in their industries. They fight within male-dominated industries, and need to receive a lot of confidence in decision-making," said Alona Bar-On at the Globes Next Generation…
HOLD Feiglin says he reported threats from lecturer accused of plotting attacks on Israeli Arabs
Moshe Feiglin said on Monday that he and the Zehut Party leadership immediately contacted police after receiving extortion letters and threats from a university lecturer accused of plotting attacks against Israeli Arabs. “Immediately upon receiving…
Kosher fast-food chain Zalman’s sold at NIS 7 million valuation
Kamari Retail Group to acquire 50% of Zalman’s for NIS 3.5 million as kosher fast-food chain plans to grow to about 40 branches nationwide
Three Years After October 7: Businesses in the South Start Anew
Three years after October 7, businesses in the South are still in the process of rehabilitation. Alongside the gradual return of activity in the area, the state is operating assistance tracks for businesses and industrial…
Cryptocurrency trading under scrutiny as two Israelis face multimillion-dollar tax evasion probes
Two Israelis face separate investigations into suspected cryptocurrency tax evasion involving millions of dollars, with authorities seizing digital wallets, foreign currency, and a luxury car
Israel's economy surprised with forecast after war spending
Despite spending 450 billion shekels to finance the war, Israel's economy is showing resilience and may accelerate growth next year. However, the country faces serious budgetary challenges, and preparing the financial plan for 2027 will…
Israel's foreign exchange reserves dropped by $4.6 billion in September
The Bank of Israel announced that foreign exchange reserves fell by $4.6 billion in September, totaling $237 billion, or 34.2% of GDP. The main decrease came from a revaluation of reserves amounting to $4.4 billion,…
Why Does Israel Want to Acquire Boeing P-8 Poseidon?
The Israeli Navy is considering the acquisition of Boeing's P-8 Poseidon maritime patrol aircraft, an advanced aircraft specialized in anti-submarine warfare. This move is part of a strategy aimed at extending Israel's secret operational reach…
Chip farms taking over the world? The 'bribe' offer has shuffled the deck
A rural town in Pennsylvania recently received letters from a major development company offering them an unprecedented deal: ten thousand dollars per family. The quid pro quo? Not at all what you thought.
Gen. Abdel Fattah al Burhan, leader of the Sudanese Armed Forces, whose war effort is backed by powerful Islamist factions, was supposed to address the UN General Assembly in Ne…
Gen. Abdel Fattah al Burhan, leader of the Sudanese Armed Forces, whose war effort is backed by powerful Islamist factions, was supposed to address the UN General Assembly in New York. He never got his…
De Beers, the Largest Diamond Company, Returns to Operate in Israel
After a nine-year hiatus, De Beers, one of the largest diamond companies in the world, returns to operate in Israel • The company's return allows Israeli diamond dealers and buyers to examine the company's merchandise…
Israeli engineering team makes history at Europe’s 24-hour solar car race
A team of engineering students from Afeka Academic College of Engineering in Tel Aviv made history this month, becoming the first Israeli team to compete in the iLumen European Solar Challenge in Belgium, a 24-hour…
CNN report: Kushner’s firm holds stake in Israeli investor in IDF suppliers
CNN says Kushner’s firm owns 7.4% of Phoenix Financial, which holds shares in IDF suppliers; the report found no evidence his diplomacy shaped its investments
65 billion in one day: Elon Musk is a trillionaire again
A sharp jump in SpaceX stock in recent days, which brought the company to a valuation of $2.3 trillion, returned Musk's wealth to the trillion mark. Since its IPO in June, the stock has shown…
Middle East economy to shrink 2.1% in 2026, Gulf economies by 4.3%, World Bank forecasts
Despite grim forecasts, the World Bank projects regional economies could rebound by 7.8% in 2027 if the conflict ends this year, though the Hormuz blockade and inflation remain major threats
Israelis will receive up to 2 million shekels - who will get the money
The Israel Tax Authority has launched a pilot compensation program for business owners whose property was damaged as a result of actions related to extortion. The maximum payout for direct damage can reach 2 million…
The price of the AI revolution? Sam Altman: 'We must accept that bad things will happen'
OpenAI CEO admits that alongside the revolution brought by artificial intelligence, there will also come scams, hacks, and abuses. According to him, one cannot demand zero risk while at the same time allowing the world…
Storm in Serbia: Does Elbit Systems Not Own the New Drone Factory?
An examination of the ownership structure of the company operating the new drone manufacturing facility in Serbia has raised some unexpected questions.
Barred from entering the U.S. for a second straight year, Mahmoud Abbas addressed the UN General Assembly by pre-recorded video. He called Washington's visa denial and sanctions…
Barred from entering the U.S. for a second straight year, Mahmoud Abbas addressed the UN General Assembly by pre-recorded video. He called Washington's visa denial and sanctions unlawful, and said the PA has kept its…
Four months after the IPO: Tidhar launches layoffs and efficiency drive
The company announced that it will merge divisions and reduce management levels, in a move it estimates will save about 30 million shekels a year • A few months earlier, the company granted its employees…
Tel Aviv Stock Exchange makes history
Historic milestone on Tel Aviv Stock Exchange: Palo Alto Networks surpasses NIS 1 trillion valuation.
ASUS Under Attack – And This Is What Should Really Worry Customers
Following the unusual notice received by ASOS customers, claiming that the company's systems were breached - a cybersecurity expert explains why the incident "should raise a red flag" • In a conversation with C14, he…
US-Israeli national charged with wire fraud after using cybersecurity company to pay off hackers
Zohar Pinhasi allegedly targeted business owners victimized by hackers and claimed to offer a service that decrypted data as an alternative to paying the hackers off
Gas in Israel to Drop Sharply - When Prices Will Change
Gas prices in Israel may drop noticeably just days after a record increase. The cost of a liter of gas is expected to decrease by about 50 agorot — from the current 8.27 to 7.77…
Israir received approval for rescue flight from Dubai
Israir announced that it received from Dubai airport the required approvals to carry out a rescue flight to Israel, but at this stage has not yet opened the flight for sale until receiving approval from…
Next Generation Female Investors Conference: Practical Tools and Financial Strategy
The conference, in partnership with Phoenix and Bank Leumi, deals with building financial and professional capital and decision-making in a changing investment world • The conference will focus on inspiring career stories, the state of…
Israel's loitering munition waits to strike, now with a NATO connection
Israeli defense company UVision is partnering with Estonia’s LendurAI to integrate advanced AI and autonomous capabilities into its loitering munitions for an undisclosed NATO member state
For $110 billion: Paramount acquired Warner Bros.
The completed deal creates a new media empire led by David Ellison, which will bring together some of the strongest brands in the media and entertainment world • Among the assets: HBO, CNN, CBS, Nickelodeon…
US defense funding paths for Israeli tech: Navigating the Pentagon’s innovation gateways - opinion
Israeli defense tech is surging, and the Pentagon is opening doors. Here’s how startups can tap US funding, testing, and procurement pathways to scale fast
Food prices in Israel may rise sharply - what will become more expensive first
In Israel, a new wave of food price increases may begin due to a sharp rise in global food prices. The categories most at risk are those whose cost depends on grain and imported raw…
The representative dollar rate was set at 3.080 shekels
The representative dollar rises 0.56% and its rate was set at 3.080 shekels. The representative euro rises 0.21% and closed at a representative rate of 3.483 shekels.
Jump of more than 5 times since the low: Teva's comeback
A decade after Teva's crisis that removed the company from its status as the Israeli 'people's stock', the pharmaceutical giant completed a comeback • Behind the jump is a new drug entering the market and…
Dollar, Euro strengthen against shekel
The dollar rose by 1.088% to 3.066 shekels. The euro strengthened by 0.958% to 3.4877 shekels.
New Record in Spending: How Much Money Did Israelis Spend in September?
The month of Tishrei holidays has ended, and the data reveals just how active Israelis were in terms of consumption. During September, there was a significant increase in the volume of credit card spending, but…
Israel may have violated US visa waiver terms through failure to conduct air crew background checks
Israel joined the US Visa Waiver Program in 2023. As part of the process, it must meet conditions set by the US, including receiving and reviewing information about passengers and air crews
Travel has become too expensive — people found a replacement
If not long ago a simple trip to the cinema, bowling alley, or restaurant required only a free evening, now such entertainment increasingly requires a separate budget. In the US, the rapid rise in prices…
Trump and AI company executives signed agreement setting standards in the field
US President Donald Trump and senior artificial intelligence company executives signed at the White House a document establishing agreed standards in the field. Trump published the document on his Truth Social account. According to the…
1.2 million dollars in one month: the donation of Gil Shwed
According to a report to the SEC, the active chairman and one of the founders of Check Point donated in August 9,000 shares of the company to charities whose names were not published • Delek…
OpenAI halts training after AI model bypasses restrictions
AI agent reportedly bypasses internet restrictions during OpenAI training run, prompting company to suspend some advanced model training
TikTok changes the rules of the game: the new feature that will turn it into a mall
TikTok is launching an AI-based shopping assistant and a new checkout feature that will allow users to purchase products directly from the app • The move is intended to centralize the shopping experience within the…
'$10b. industry in Mediterranean': Israel ranks among gaming powerhouses, industry report reveals
The report highlighted by GamesBeat and Xsolla highlighted Israel's potential, citing its innovation environment and the more than 140 companies in the country from the gaming industry
Prices in Israeli supermarkets will change, but not everywhere
Israel's Ministry of Economy has completed the allocation of quotas for duty-free food imports for 2027. The new state benefits are intended to strengthen competition in the domestic market, eliminate the influence of individual monopolists,…
Representative dollar rises 0.20%, rate set at 3.072 shekels
The shekel is trading in a mixed trend against the major foreign currencies: the representative dollar rises 0.20% and its rate is set at 3.072 shekels. The representative euro falls 0.06% and closes at a…
ONE ZERO goes into a third round of layoffs because of AI. And it's not the only one
The post-holiday wave of cutbacks is also hitting high-tech R&D workers, who were considered relatively protected • Software companies are cutting tens of percent of their teams and transferring the work to automated tools
Refusing to Update Your Phone? WhatsApp Won't Let You Into the App
The WhatsApp application activates an automatic block that prevents logging into accounts on devices running old system versions. The system displays a mandatory warning screen with no option to skip, in order to prevent malware…
Flydubai hijacker's years in Australia under scrutiny as authorities probe link to country - report
Sources familiar with the case said the pilot, an Omani citizen, stayed in Australia on a student visa issued in 2014. He studied in the country from 2015 to 2017, when he left
Young Israelis turn from parents to AI - study
Mastercard and research company Opinium surveyed 26,000 adults and teenagers in 13 European countries and Israel. The study showed that Israelis use AI more actively than Europeans in everyday shopping, with the gap especially noticeable…
