Author: David Rutman

Israel is set to bolster its position in the fields of artificial intelligence and supercomputing with a strategic investment by the Israel Innovation Authority (IIA). An allocation of up to 30 million NIS will fund the establishment of a state-of-the-art Research and Development (R&D) Lab, aimed at providing crucial infrastructure and support to companies and […]

Israel Aerospace Industries (IAI) had its most profitable half-year term in the company’s history in 2023, according to an IAI statement published on Wednesday.  The company boasted a 28% increase in net income in the first half of 2023 compared to the same time frame in 2022. Gross profit increased by $29 million in 2023 […]

The Consumer Price Index (CPI) for July 2023 experienced a modest increase of 0.3%, according to the most recent data from the Central Bureau of Statistics (CBS). Over the past year, the index has seen a notable surge of 3.3%. Although not a part of the CPI, housing prices also revealed interesting dynamics, with a […]

Intel Corp. will drop its $5.4 billion deal to acquire Israeli contract chipmaker Tower Semiconductor Ltd. once their contract expires later on Tuesday without regulatory approval from China, according to people familiar with the matter. Intel, which signed the deal to buy Tower in February 2022, did not secure approval from Chinese regulators for the […]

In an era dominated by digital connectivity, the question arises: Is the Internet still a realm of reality? The increasing prevalence of bots has sparked curiosity and concern. What exactly are these bots, and how do they shape our online experiences? An Internet bot, commonly referred to as just a bot, is a software application […]

As of May 2023, the average nominal wage across the economy stood at approximately NIS 12,440, according to data provided by the Central Bureau of Statistics (CBS), representing a notable 6.2% increase when compared to May 2022. The annual growth rate of the nominal wage, analyzed on a seasonal basis using the quarterly average change […]

Israeli Economy Minister Nir Barkat has embarked on an official visit to Vietnam, accompanied by a delegation of 21 Israeli companies. The trip follows the recent signing of a free trade agreement between Israel and Vietnam, marking the third such pact with an Asian nation in recent years, following agreements with South Korea and the […]

Israeli company Rafael Advanced Defense Systems has announced that it has been awarded a new contract with an Asian nation to provide comprehensive maintenance support services for operational systems employed by its navy. The multi-year agreement is worth an estimated NIS 100 million ($30 million dollars) and will include maintenance services for the navy’s TYPHOON […]

As ChatGPT, the innovative AI-powered chatbot developed by OpenAI, gains popularity among workers in the United States for accomplishing routine tasks, a cloud of uncertainty hovers over its future. Businesses have begun questioning the extent to which ChatGPT should be embraced while safeguarding against potential data security breaches and intellectual property leaks. This intriguing juxtaposition […]

Visa, Bank Leumi, and United Airlines announced their launch of new credit card in Israel, according to a Thursday press release. New cardholders are to be automatically enrolled in United Airlines’ customer loyalty program, United MileagePlus. The United website notes that this program offers the “most ways to earn and use miles and the most […]