100,000 passengers a day

Up to 100,000 passengers are estimated to pass through Tel Aviv’s Ben Gurion airport during the busiest days of July and August, according to Israel’s Ministry of Transportation. The expected total of 5.3 million summer passengers represents a 15% increase on the same period last year.

Hyundai connects with Autotalks

Korea’s Hyundai Motor and Israel’s Autotalks are partnering to develop the next generation V2X chipset for connected cars.  V2X (Vehicle to external systems) technology improves vehicle and road safety, mobility and is vital for autonomous driving.

Audi to use Israeli autonomous simulator

I reported previously that Israel’s Cognata had built a 3D Artificial Intelligent (AI) simulation platform to test autonomous cars.  Now German car maker Audi AG is partnering with Cognata to integrate the simulator at all stages of development and production of its vehicles.

Baidu links up with Mobileye

Chinese tech giant Baidu is adding Mobileye as a technology provider to its Apollo autonomous driving platform. Mobileye’s Israeli-developed Responsibility Sensitive Safety model - a set of rules for how cars minimize the chance of an accident - will be integrated into Apollo.

Mortgage decision-making for U.S. Bank

The fifth largest commercial bank in the US – U.S. Bank – has selected DECISION Manager from Israel’s Sapiens International to help service its mortgage customers. U.S. Bancorp has 74,000 employees and will use DECISION within its Home Mortgage group.

Mindspace expands to Romania

I reported previously that Israeli co-working real estate company Mindspace had opened business in a sixth country (the Netherlands). It didn’t take long for Mindspace to move into a seventh country – it has just leased 3 offices in Bucharest, Romania.

Round three of Barclays accelerator program

I reported previously about multinational bank Barclays and its financial startup accelerator. Barclays has just initiated the 3rd cycle of its RISE program, now mentoring 10 startups from Israel and overseas.

Where submarine technology is going

I reported previously on Israeli startup Tevva Motors and its UK-based electric trucks that use Israeli submarine technology. Auto component giant Bharat Forge has just invested $13 million in the company, aiming to bring the concept to India.

15 Israel startups pitch to 200 UK corporates

I previewed Innovate Israel 2018, hosted by UK Israel Business (UKIB) on 3rd July. The 15 Israeli startups covered the areas of artificial intelligence (AI), vison enhancement, drones, big data, cybersecurity, marketing technologies and nanosatellites.

Cutting Chinese diamonds

The Shanghai Diamond Exchange has agreed with the Israel Diamond Exchange to transfer the processing of large stones to Israel. Many Chinese diamond processing companies may transfer some of their processing to Israel and some Chinese diamond cutters will relocate to central Israel.