News

The Israel Defense Forces has ordered thousands of drones from two Chinese companies for its land forces, sources inform "Globes."

The results were in line with the profit warning issued by the Israeli company at the start of the year.

Bank Hapoalim chief strategist Modi Shafrir: The geopolitical picture continues to weigh on the Israeli currency.

The company reported non-GAAP earnings per share of $2.04, up 13% from the corresponding quarter of 2023 and revenue of $598.8 million, up 6% from the corresponding quarter.

Nvidia has struck a deal to acquire Deci AI, which has developed technology to compress generative AI language models, "The Information" reports.

The Israeli company's share price fell earlier this week after its US rival Enphase published its financial results showing a slower than expected recovery in the industry.

Eni will receive a 37.3% stake in Ithaca, in a stock deal for its North Sea oil and gas assets, while Delek will reduce its stake from 90% to 52.7%.

"Globes" looks at Rad Group, whose founders Yehuda and Zohar Zisapel, both died over the past year, and which must now move on without two of the founding fathers of Israeli high-tech.

No financial details about the acquisition have been disclosed but estimates are that Nvidia is paying $680-$720 million for the Tel Aviv-based company.

Having passed the House of Representatives on Saturday, the bill now goes to President Biden for signature.

The Tel Aviv based company had revenue of $78 million in 2023 and a net loss of $79.3 million.

A selection of recent real estate deals in Israel in Ramat Gan, Rehovot, Hod Hasharon, Hadera, Karmiel and Netivot.

The planned expansion of the OPC power station in Hadera has been cancelled.

The $26.4 billion for Israel is part of a $95 billion package that also includes military aid for Ukraine and Taiwan.

"TechCrunch" reports that Wiz would pay just $150-200 million for Lacework, which was given a valuation of $8.3 billion, post-money in its last financing round.

Stressing that the war is continuing longer than expected, the ratings agency has also cut Israel's credit outlook from 'stable' to 'negative.'

Prof. Matias will head Google Research, reporting to Senior Vice President of Technology and Society James Manyika.

Beersheva's second hospital will be operated by Sheba Medical Center, and is due to open by 2028.

Police have also questioned Netivot mayor Yehiel Zohar in the affair involving real estate projects in the city. Ben Zvi's lawyer: His conduct will be found to have been irreproachable.

In an unprecedented move the Cabinet in its final meeting before the Passover holiday today approved a flat budget cut in all ministries despite resolute opposition by the Minister of Finance.

The company provides an Industry 4.0 based fully automatic manufacturing solution that makes the process faster, safer, and, environmentally friendly while both improving quality and reducing cost.

H&O invested NIS 500,000 in opening the 110 square meter store in the Azrieli mall in Modi'in.

The company has told "Reuters" that it has secured orders for 46 million of its EyeQ6 Lite assisted-driving chips over the next few years to make new vehicles safer and easier to drive.

The Ghost Soldier system is designed to assist ground forces in monitoring and discovering the enemy during warfare in open terrain.

Israel-Iran tensions and the strength of the dollar worldwide have the exchange rating touching NIS 3.80/$.

Microwave and laser systems to down swarms of drones have negligible costs compared with interception systems like Iron Dome.

Mekorot CIO Eran Ravid told the Globes Tech IL Conference about the company's support for startups and its ability to cope with national emergencies.

Gal Bar Dea told the Globes Tech IL Conference that a bank's role is not only to look after customers' money but also to promote their economic welfare.

Israeli company Mentee Robotics expects the first robots, which can perform household chores and warehouse tasks, to come off the serial production line in the first quarter of 2025.

Silk Security has developed a platform that allows data security managers to identify a range of vulnerabilities and repair them.

As its most promising startups for 2024 are named, "Globes" looks back at how promising startups from recent years have fared.

Richard Francis's compensation cost $25.7 million in 2023, although that includes incentives for him to join the company.

The International Monetary Fund sees Israel GDP growth of just 1.6% in 2024.

At the Globes Tech IL Conference, KPMG Israel senior executives provided insights into the dramatic race to provide digital currencies.

Tel Aviv-based Entitle has developed a privilege management solution that discovers, manages, and automates just-in-time (JIT) access and identity governance.

Team8 Capital managing partner Sarit Firon and Vintage partner Hamutal Meridor told the Globes Tech IL Conference about the difficulties of raising investment during the war.

The March CPI reading was higher than forecast, but that is not necessarily the main reason for estimating that an interest rate cut by the Bank of Israel is not imminent.