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Author Archives: MichaelOrdman
Replacing diesel generators
The Net Zero Innovation Hub for Data Centers, a consortium of companies involved in data centers led by Google and Microsoft, has chosen the aluminum-air technology from Israel’s Phinergy (see here previously) as the main solution for replacing diesel-fueled data … Continue reading
Posted in Economy & Business
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$2 billion fund with Israeli emphasis
Viola Credit has announced the closing of the $2 billion Viola ABL Fund III asset-based lending strategy fund. The fund was $0.5 billion oversubscribed. The fund places a unique emphasis on the Israeli ecosystem and is expected to expand the … Continue reading
Posted in Economy & Business
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Startup employees become millionaires
More employees are becoming millionaires, even before the company is sold or goes public. In the past year, Armis, Island, Quantum Machines and Exodigo have allowed employees and founders to sell shares to new investors, and pocket the proceeds. https://en.globes.co.il/en/article-secondary-rounds-in-tech-sector-make-a-comeback-1001524831
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Gas prices fall
The maximum price of government price controlled 95 octane gasoline at self-service pumps in Israel fell by NIS 0.17 per liter to NIS 7.07 per liter, back to its price in August 2024, which is its lowest price in nearly … Continue reading
Posted in Economy & Business
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Israeli companies come home
In 2021, seven of the ten largest Israeli companies were listed in New York, with only three traded in Tel Aviv. Now all seven are listed in Tel Aviv (two are listed in both). https://en.globes.co.il/en/article-for-israeli-companies-theres-now-no-place-like-home-1001524336
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Nvidia’s new AI chips
Nvidia has unveiled two new chips developed in Israel, BlueField-4 and ConnectX-8 SuperNIC. The chips, 6 times more powerful than previous, were developed at Nvidia’s R&D center in Tel Aviv. They are designed to accelerate data transmission of huge AI … Continue reading
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Using AI to translate into sign language
Israel’s Nagish has acquired sign.mt, a cutting-edge AI company specializing in real-time sign language translation. The deal marks a step forward in Nagish’s mission to empower deaf and hard-of-hearing individuals through innovative communication tools. https://www.jpost.com/business-and-innovation/article-871685 https://sign.mt/
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New programs on I24News
The new program lineup on the English language Israeli TV station I24News includes “Innovation Nation” at 9pm (Israel time) on Tues eves (14:00 EST). It says it will highlight Israel’s renowned startup scene and the region’s most inspiring technological breakthroughs. … Continue reading
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Checking for suspicious behavior
Israeli cybersecurity Reflectiz is a behavioral analysis mechanism that simulates human user actions. This system continuously monitors all activities and behaviors of website components. By establishing what constitutes normal behavior, it can detect deviations that pose security risks. https://www.calcalistech.com/ctechnews/article/hj01cfjjbg
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Autonomous AI defense startup
Israel’s Skyforce has developed AI software that transforms manually controlled defense platforms into fully autonomous multi-platform operations involving large numbers of low-cost, units. It also can be deployed in agriculture, healthcare, and other non-military areas. https://www.jpost.com/defense-and-tech/article-871876
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