Tech & Finance
Israeli tech, startups, markets, and the shekel economy.
Bank Workers' Committee to Strike Tomorrow, on Day of Financial Report Publication
Following the labor dispute declared last September, the workers' committee announced a strike for tomorrow, stating that management is promoting "unilateral and oppressive cutback measures, despite billions in enormous profits." • Tomorrow morning, the bank…
🇮🇱🤝🇺🇸 Israeli defense tech company Smart Shooter secured a multi-million dollar contract with the US Army for its AI rifle fire control system.
🇮🇱🤝🇺🇸 Israeli defense tech company Smart Shooter secured a multi-million dollar contract with the US Army for its AI rifle fire control system. Israeli technology helps keep Americans safe.
Shekel Continues to Strengthen Against Foreign Currencies
The dollar weakened by 0.034% and its rate was set at 2.908 shekels. The euro fell by 0.252% and its rate was set at 3.407 shekels.
A New Kind of Battle: China Tried to Get Its Hands on the Powerful AI Model — and the U.S. Was Alarmed
A representative of a Chinese research institute approached senior officials at Anthropic in Singapore last month, demanding that the company change its stance and grant Beijing access to its new, powerful artificial intelligence model —…
Open-AI Chief Sam Altman to testify in Elon Musk trial
The trial may determine the future of OpenAI and its leadership, after the company raised hundreds of billions of dollars from large technology companies and investors to build its computing power.
Two Israeli universities rank in world top 10 for startup founders
Tel Aviv University and the Technion produced startups that raised more than $50bn over the past decade shows PitchBook data.
Revealed: Israelis invent world’s first personal plane that’s ‘easier to drive than a car’
The aircraft is a souped-up version of the cheap drone you can buy your kids for Chanukah
Even During War: Court Orders El Al to Compensate Stranded Passengers
A new ruling by the Small Claims Court determines: Despite the circumstances of war and the closure of airspace, airlines are obligated to provide lodging and food to passengers whose flights were canceled. A couple…
Israeli high-tech crisis? Exporters warn of growing economic damage as the dollar falls below 3 NIS
Articles: Live: Facebook: Twitter: Instagram: #i24NEWS #TheRundown i24NEWS breaks down the need-to-know news from around the world in a fast-paced and engaging format.
Microsoft said to probe Israel office's defense ties
Microsoft Israel CEO Alon Haimovitz is leaving the company after an internal review of the local office’s work with Israel’s defense establishment, the Israeli business daily Globes reported on Sunday. The company’s global management has…
Business Opportunity: What's Happening in the Economy of the Haredi Sector?
The Haredi economy is a huge potential - sometimes difficult to realize. How do you turn the community power and abundance of entrepreneurship into large and profitable businesses? A glimpse at the growth engine that…
Israeli AI Safety Tool Among TIME’S Best Inventions For 2024
Israeli company Aporia says its artificial intelligence control tool Guardrails has been selected as one of TIME’s 2024 Best Inventions, a list of 200 pioneering innovations redefining the way we live. Guardrails, which mitigates evolving…
She started investing in high school and is convinced: "By age 30 I will be a millionaire. Definitely."
Lia Spilkin is only 26 and she is already a content creator, lecturer on investments, and a soccer player • At age 16 she began managing her own portfolio that has yielded her hundreds of…
National Cyber Directorate: Scare messages sent to citizens - important not to click on links
The National Cyber Directorate has updated that in recent hours, scare messages have been sent to citizens, aimed at creating panic and undermining the sense of security. According to the directorate, "This is a known…
Elbit continues to conquer the US: The mega deal worth $212 million is underway
Elbit Systems America received a supply order worth approximately $212 million from the US Army for continued production of advanced binocular night vision systems, to be supplied by the end of 2028 and will improve…
Israeli-Cypriot cyber company to unveil Starlink de-anonymizing tool - report
The tool, Stargetz, is intended to function alongside another of the company's tools, a VPN de-anonymizing tool called VPNz.
A Hot Stock: How "Tondo Smart" Conquered the Tel Aviv Stock Exchange's Premier Indices
Just months after moving to the market exit stage, "Tondo Smart" achieves an unprecedented feat: a triple-digit surge in its stock and entry into the prestigious "Tamar Pool" on the Tel Aviv Stock Exchange •…
Eran Bar-Tal: “There is no logical explanation for this - the economy in Israel is simply miraculous”
Israel's unexpected ranking as the third strongest economy in the world, ahead of the US and China, is interpreted by economist Eran Bar-Tal, editor of the economics channel, as nothing less than a Hanukkah miracle.
Editors’ & Readers’ Choice: 10 Favorite NoCamels Articles
For more than a decade, NoCamels has written about every aspect of Israel’s high-tech sector, from medical breakthroughs for treatment of deadly diseases to digital developments for both work and leisure and greentech to preserve…
Wix pays $38m earnout payments for Base44
The payment was announced in the Israeli company’s disappointing first quarter results, which saw the share price slump over 30%.
The Artificial Intelligence Revolution: Israel Leads — But Danger Already Lurks Around the Corner | Inbal Mems
The average Israeli uses advanced artificial intelligence applications far more than their counterparts in many leading countries. Without a binding standard, not only will we struggle to maintain our status as a leading innovation nation…
Israeli startup Frame Security raises $50m
Frame is launching an AI-driven platform designed to help organizations defend against the growing wave of AI-powered social engineering and deepfake attacks.
Ashdod Port Investing In Startups As Part Of Innovation Strategy
The tech incubator operated by Ashdod Port is investing $2 million in three startups as part of its strategy to foster innovation at the site. The sum was approved by the port’s board of directors…
Tower jumps on $1.3b silicon photonics contracts
The new deals, strong first quarter results and second quarter guidance, have seen the Israeli chipmaker’s market cap rise above $30 billion.
Cellular Intelligence strikes deal with Novo Nordisk to advance Parkinson’s cell therapy
'This cell therapy Parkinson's program is truly innovative and exemplifies the powerful convergence of exciting academic discovery with the uncompromising quality of a global pharmaceutical leader.'
TAU’s Booze-Proof Hornets Could Help Research Into Alcoholism
Researchers at Tel Aviv University have found that the Oriental hornet is the only known animal in nature capable of consuming alcohol chronically and in high concentrations with almost no negative effects on their health…
European stock markets rise; slight gains in New York futures
Wall Street retreated from highs yesterday, the rally in chip stocks halted • US inflation climbed to 3.8%, a three-year high • And the warning from the CEO of Aramco, the world's largest oil producer,…
IDF reservists created 150 new startups during last year, innovation program reveals
18x Elite Impact revealed that its participants, all IDF reservists and veterans, created 150 startups and raised $15 million in investment.
Israeli, US Firms Team Up To Develop AI Models For Devices
Israeli company Dataloop AI has announced a collaboration with American multinational Qualcomm Technologies, which aims to significantly accelerate AI model development for mobile, automotive, IoT and other computing devices powered by Snapdragon platforms. Snapdragon is…
Chip stock surges sharply after reporting strong results
Tower, the chip manufacturer from Migdal HaEmek, recorded 15% revenue growth in the first quarter compared to the same quarter last year — a figure higher than forecasts. It presented a good outlook for the…
Impact Innovation: Israeli Startups That Could Shape Our Future
NoCamels has recently shone a spotlight on Israeli medical technology and green technology that has the potential to change the world. But there are other equally innovative companies whose remit falls outside of these two…
Mixed trend in TA; ICL stock jumps 6%, Tower 5%
TA 35 rises 0.3%, TA 90 turned to decline • ICL benefited from rise in potash, bromine and phosphate prices • Tel Aviv Stock Exchange reported over 100% jump in adjusted net profit • Bezeq…
Clean Energy Firm Completes Solar Project In North, South Israel
Leading green power company Enlight Renewable Energy has announced the completion of its Solar and Storage Cluster project in Israel, covering 12 locations in the north and the south of the country. The 12 installations…
Tel Aviv Stock Exchange doubles quarterly profit
The switch to Monday-Friday trading and repatriation of investments by the Israeli public significantly boosted activity.
Cannabis Therapy Firm: CBD Jab Reduces Pain In Arthritic Dogs
An Israeli company that develops cannabis-based therapeutics says its CBD injections have proven effective in providing pain relief for dogs with naturally occurring osteoarthritis. According to InnoCan Pharma, a long-term treatment plan consistently demonstrated the…
Rising on Foreign Investors' Radar: The Insurance Company Entering a Prestigious Index
The international index company MSCI announced that Harel will join the MSCI Israel index at the end of May. The stock, which has recorded an impressive surge since the beginning of the year, is expected…
US Government Funding Development Of Israeli Ebola Treatment
The US government is funding the development of an effective treatment created by Israeli firm RedHill Biopharma for the rare and deadly Ebola virus (EBOV). The funding comes via the Biomedical Advanced Research and Development…
Healthcare quantum technologies co NVision raises $55m
The Israeli company has expanded from quantum sensing into quantum computing, advancing its efforts to build an end to end, quantum based approach to designing and validating therapies.
Israeli GreenTech Making Our World A Happier, Healthier Place
With the adverse impact of climate change becoming clearer almost every day, the role of technology in mitigating these devastating effects has never been more important. Israeli innovation – from clean energy to agriculture technology…
Bezeq Reports: Increase in Net Profit and Confirmation of Annual Forecast
The telecommunications company Bezeq concludes the first quarter of the year with 2.6% growth in core revenues to approximately NIS 2 billion, and reaffirms its existing annual forecasts. • At Pelephone, revenues fell by 1.3%…
Security Firm Wins Prison Service Contract For Electronic Monitoring
Israeli company SuperCom, which provides security solutions for digital operations, has been awarded a five-year contract by the government-run Israel Prison Service (IPS) to deploy its PureSecurity Electronic Monitoring (EM) Suite, alongside its prime partner…
Israel's real interest rate highest in the West
Market experts talk to "Globes" about the constraints on the Bank of Israel, and whether its interest rate should, and could, fall.
New Program Supporting Early-Stage Construction Startups In North
CivicLabs, a joint initiative by the Israeli government and private industry to help the high-tech industry in the north, has launched a new program designed to promote startups in the Built Environment (human-created spaces) sector.…
Gong ARR exceeds $500m calming AI fears
The Israeli company’s CEO Amit Bendov reveals that Anthropic and other AI giants are among Gong’s customers.
IAI Launches First US Innovation Center, New Accelerator Program
Israel Aerospace Industries, a world leader in the aerospace and defense sectors, has opened its first American innovation center in Washington, D.C., marking the event with the launch of a new accelerator program. The new…
Treasury examining aid package for exporters amid weak dollar: grants and tax deferrals on the table
Globes has learned that accelerated discussions are underway in the Finance Ministry regarding an aid package for exporters, due to the dollar's decline. The Manufacturers Association demands grants and tax deferrals worth billions of shekels.…
Johnson & Johnson Completes Purchase Of Israeli Startup V-Wave
American pharmaceutical giant Johnson & Johnson has completed its purchase of Israeli medtech company V-Wave, which makes a device to treat heart failure, after the prospective acquisition was announced in August. The Israeli company has…
monday.com beats analysts, announces strategic change
Co-CEOs Roy Mann and Eran Zinman: The launch of the AI Work Platform and our shift to consumption-based pricing build directly on first quarter momentum
Israeli Medical Technologies That Could Change The World
The Startup Nation is world-famous for its innovation in a wide range of fields, from cybersecurity that protects from hackers to awe-inspiring defense tech on the ground and in the air that keeps us all…
Camtek beats analysts, raises guidance but sharply lower
The Israeli company, which manufactures inspection and metrology equipment for the semiconductor industry, has seen its stock rise 200% in the past year, giving a market cap of $9.66 billion.
Israeli Wave Energy Tech To Create Power In Taiwan
Eco Wave Power, an Israeli company that uses waves to create energy, has signed an agreement to bring its technology to Taiwan. According to the agreement, the Tel Aviv-based company will sell its first wave…
Camtek beat expectations and forecasts acceleration in growth. So why is the stock falling?
The chip inspection equipment company beat market expectations on both top and bottom lines, but it seems investors expected a stronger forecast, given the significant rise the stock has recorded over the past year. The…
Water Management Pioneer Unveils Unique New Anti-Leak Platform
Israeli water management pioneer LeakZon has announced the official release of what it says is the first and only dedicated platform designed to significantly reduce water loss rates and enhance the control and clarity of…
Clothing company posts record quarter, and the reason Cal's profit was sharply cut
Globes brings the stories of the reporting season on the Tel Aviv Stock Exchange that you may have missed. Delta Galil presents a record quarter with a 15% increase in sales. Cal summarizes the first…
Israeli Test To Tell If Infection Bacterial Or Viral Successful In Trial
Israeli medical diagnostic company MeMed has announced the successful completion of the first randomized controlled trial in the US of its test to differentiate between bacterial and viral infections. The test could reduce the amount…
Discounted's Real Estate Diamond Shines Again: Does Gav-Yam Still Have Room to Climb?
Four years after Discount Investment Corporation (Discounted) purchased Aharon Frenkel's shares, Gav-Yam has surpassed the deal price and is trading at a value of nearly NIS 10 billion. Alongside growth in results, large investments, and…
Tel Aviv University Ranked 7th In World For Global Entrepreneurship
Tel Aviv University (TAU) has been ranked seventh worldwide and first outside the US in the 2024 Pitchbook Ranking for global entrepreneurship. The annual ranking, published by renowned business data research company Pitchbook, tracks startups…
Military simulator co Bagira plans to raise NIS 1b in TASE IPO
63% of revenue is from Israel but Bagira sees major potential in international sales of its military training simulators.
Harnessing Our Own Bodies For Side Effect-Free Weight Loss
Two naturally occurring molecules could be the key to sustained weight management, offering an organic alternative to the so-called diet drugs that have become extremely popular worldwide. Jerusalem-based Metabolize is using two small molecules known…
Mixed Trend in Asia Amid US-Iran Tensions
Seoul stock exchange down about 2% • Despite the escalation of rhetoric between the US and Iran, the S&P 500 closed yesterday at a new all-time high • The US Consumer Price Index will be…
