Within 4-5 years, it will be commonplace to see on our roads autonomous cars drive alongside human-driven ones. Here’s the lowdown on how of the leading players in this industry is making that happen. An official from Mobileye, Intel’s autonomous driving unit, stated it has signed a contract to supply 8 million cars with self-driving…
Given the advantages of going electric, many airplane makers, including Airbus and Boeing, are also heavily investing into electric and hybrid aircraft technologies. Eviation Aircraft Ltd, an Israeli electric airplane startup, is aiming to fly passengers on its 9-seat commuter aircraft by 2021, said Omer Bar-Yoha, CEO of the firm. Eviation Aircraft is in the…
Although Chinese military drones look suspiciously similar to U.S. and Israeli ones, drone makers are confident that customers will continue to prefer a reliable strike platform rather than a cheap unreliable ones. A predicted rise in demand for military drones from regions in Asia, the military drone market is gradually leaning towards Chinese drone makers…
While Mellanox clocked 19% to 30% in revenues in 2014 to 2016, its current revenue target is 0.5%. Starboard Value LP, an ativist hedge fund has begun a proxy fight for control of Mellanox Technologies Ltd, an Israeli chipmaker, which it said is deeply undervalued. Starboard, holding a 10.7% stake – the largest shareholder of…
With Israel being home to one of the biggest tech sectors in the world, the carrier is strategically re-branding itself and expanding its footprint in North America. On Wednesday, Israeli Airlines El Al Israel Airlines Ltd stated it will commence nonstop flights between Tel Aviv and San Francisco as it continues to expand its footprint…
While traditionally, digital currencies such as the bitcoin, have always been decentralized and provide anonymity to the holder of the currency, Israel’s digital currency is likely to be centralized and compliant with existing money laundering laws. Israel’s central bank, the Bank of Israel, stated it is examining the possibility of issuing digital currency in order…
Although Toyota AI Ventures aims to spread its investments worldwide, Israel’s penchant for excelling in high technology areas has increasingly drawn global attention to its startups. Following Toyota Motor Corp’s venture arm leading a $14 million investment in Israeli robotics company named Intuition Robotics earlier in July, the Japanese giant is looking to further invest…
This is likely to be a huge opportunity for private players, including MNCs, to help modernise Israel’s infrastructure. In a significant development, Israeli Prime Minister Benjamin Netanyahu has disclosed at the start of Israel’s weekly cabinet meeting, that he would soon unveil a multi-year infrastructure spending plan worth more than $28 billion The planned projects…
It’s been some time now that Israel has been a mecca (pun intended) for cybersecurity and fintech startups. But with foreign companies most reaping this benefit, the country is now gearing up to harvest its tech talents. The Israeli government has let it be known that it is looking for companies to manage four of…
Investors are increasingly investing in tech startups in the region whose graduates have strong math, computer science and engineering foundations. Tech entrepreneurs from south-eastern and central European countries, many of whom have had prior experience of launching their own businesses, are increasingly finding a success at enticing global investors, for the second time. Of late,…
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