Safe Superintelligence (SSI), the AI startup founded last year by OpenAI founder and former chief scientist Ilya Sutskever, is in talks to raise over $1 billion at a company valuation of over $30 billion, “Bloomberg” reports,…
Category: 6. Business
-
Reduction in cash holdings after NIS 200 bill abolishment talk
Since September 2024 there has been a dramatic decline in the number of NIS 200 bills held by the public relative to the number of NIS 100 bills, according to Bank of Israel data. It was in September that “Globes” revealed an…
Continue Reading
-
Intel Israel fate uncertain amid sale talks with TSMC, Broadcom
Intel chairman Frank Yeary has been in dramatic talks with senior Trump administration officials as indications are that the chipmaker is likely to be broken up and sold.
According to “The New York Times,” Yeary has met US…
Continue Reading
-
Teva CEO responds to 25% share price fall
Since publishing its financial results for 2024 at the end of January, the share price of Teva Pharmaceutical Industries Ltd. (NYSE: TEVA; TASE: TEVA) has struggled to recover as about $6 billion has been wiped off its market cap,…
Continue Reading
-
Unemployment in Israel fell in January
The unemployment rate in Israel fell to 2.6% in January 2025, after seasonal adjustment, from 2.7% in December 2024, the Central Bureau of Statistics reports. The unemployment rate remains at historic low levels, although it was a…
Continue Reading
-
Israel’s economy grew 1% in 2024, above expectations
Despite the war Israel’s GDP grew by 1% in 2024, above initial forecasts, the Central Bureau of Statistics reports in its first assessment. However, this figure reflects negative GDP per capita growth of 0.3%, because of population…
Continue Reading
-
Money and Potential Aren’t Lacking: Is Gaza’s Reconstruction Actually Po
The scale of Gaza’s reconstruction is enormous, with 70% of buildings destroyed and investments estimated in the tens of billions. Despite available funding from various nations and the great potential to attract businesspeople worldwide,…
Continue Reading
-
Israeli co Dream Security raises $100m at $1.1b valuation
Israeli cybersecurity company Dream Security, which was founded by former spyware company NSO Group CEO Shalev Hulio, former Austrian Chancellor Sebastian Kurz and Gil Dolev, has raised $100 million at a company valuation off $1.1…
Continue Reading
-
$20b CyberArk becomes Israel’s second most valuable co
Israeli cybersecurity company CyberArk Software continues to gain. At the end of 2023, the share price surpassed the $200 mark for the first time, and 10 months later it crossed the $300 mark, and last week, less than four months…
Continue Reading