Monthly Archives: May 2021

Sunbit becomes a Unicorn

Posted on May 31, 2021

With R&D centers in Tel Aviv and Binyamina, US-headquartered Sunbit has developed a payment method that allows US stores to offer their customers the option to buy now and pay later, in installments. Sunbit has just raised $130 million of … Continue reading →

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Time for a career change

Posted on May 31, 2021

Covid is over, as far as Israel’s hi-tech jobs market is concerned, with Israeli companies fighting over available local resources. This is according to the OurCrowd High-Tech Jobs Index – a quarterly report tracks vacancies and hiring patterns of high-tech … Continue reading →

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Unemployment falls again

Posted on May 31, 2021

Israel’s Central Bureau of Statistics reported the core unemployment rate fell from 7.9% to 5% in April. The broader measure of 10.6% includes those who should begin to return to work in June when Israel’s unpaid leave scheme ends. https://en.globes.co.il/en/article-unemployment-in-israel-falls-to-5-1001371926

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Keeping satellites on track

Posted on May 31, 2021

SatGuard from Israel Aerospace Industries (IAI helps extend the life of orbiting satellites. SatGuard’s Earth-based AI system uses the satellite’s telemetry data to detect anomalies and faults at an early stage and alert the satellite operator to take appropriate action … Continue reading →

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The highway of tomorrow

Posted on May 31, 2021

20 Israeli smart mobility companies have set up a consortium with Netivei Israel, aiming to reduce accidents and congestion on Israeli roads. Its core is the non-profit Israel Smart Mobility Living Lab (ISMLL) which is piloting a study along a … Continue reading →

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Keep an eye on your potatoes

Posted on May 31, 2021

Hebrew University of Jerusalem researchers have developed a molecular bio sensor to detect early signs of plant stress, allowing farmers time to prevent crop failures. The sensor has been tested on potatoes – vital for world food security (and Israeli … Continue reading →

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AI processor of the year

Posted on May 31, 2021

Israel’s Hailo (see here previously) has won the 2021 Edge AI and Vision Product of the Year Awards for ‘Best Edge AI Processor’. The award recognized that Hailo’s AI chip transforms visual intelligence, enabling smart devices to run neural network-based … Continue reading →

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Revolutionary new engine now runs on hydrogen

Posted on May 31, 2021

Israel’s Aquarius Engines (see here previously) has modified its innovative 10kg free-piston linear engine to use hydrogen fuel. The engine can greatly reduce global emissions and carbon footprint of automobiles and bring light to the developing nations (see video). https://jewishbusinessnews.com/2021/05/21/aquarius-engines-unveils-new-hydrogen-engine/ … Continue reading →

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Toyota chooses Mobileye

Posted on May 31, 2021

Israel-based Mobileye (now part of Intel) and Germany’s ZF Friedrichshafen AG are partnering to build advanced driver assistance and safety (ADAS) technology for Toyota. Mobileye’s EyeQ4 vision system, plus ZF’s Gen 21 radar, will interpret the environment around Toyota vehicles. … Continue reading →

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Reducing Europe’s wasted food

Posted on May 31, 2021

Israel’s Wasteless (see here previously) uses variable pricing to reduce the amount of supermarket food that is thrown away. Wasteless has just partnered Germany’s NX-Food, which operates the METRO stores chain. METRO’s first implementation will be at its Makro subsidiary … Continue reading →

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