Nvidia, a frontrunner in technological innovation, has once again captured the spotlight with its annual conference, GTC 2024, held in San Jose. Riding high on its recent accolade as the third-largest company by market capitalization on Wall Street, Nvidia's CEO and...
Nvidia in Talks to Acquire Israeli AI Firm Run:AI
In a bid to bolster its artificial intelligence (AI) capabilities, chip giant Nvidia is reportedly in discussions to acquire the Israeli AI company Run:AI, according to sources familiar with the matter. Run:AI specializes in developing software for managing AI...
From Startup to Skyrocket: Next Vision’s Rise Amidst Drone Demand
In the intricate dance of global geopolitics, one industry often finds itself booming amidst chaos and conflict: the arms and defence sector. Next Vision (NXSN.TA), a manufacturer of miniature cameras for drones and mini-drones, stands as a prime example of this...
From Makeup Chain to Tech Titan
Oddity Tech, formerly known as Il Makiage, has captured attention with its remarkable transformation from a failing makeup company to a thriving technology enterprise. As one of the largest shareholders prepares to sell a portion of their stake, it prompts reflection...
Banking Sector Continues Record Profits Amidst Changing Economic Landscape
As the latest bank reports for 2023 flood the financial landscape, it's evident that the banking sector in Israel is continuing its trajectory of unprecedented profitability, with Hapoalim, Mizrahi Tefahot, Discount, and FIBI leading the charge. However, amidst the...
Microsoft Expands AI Collaborations by Partnering with Israeli Startup
The removal and swift return of Sam Altman, CEO of OpenAI, have sent ripples through the tech industry, particularly impacting OpenAI's key partner, Microsoft. The saga underscores the risks associated with relying on a single company for cutting-edge AI technology....
El Al Airlines Reports Surge in Profits Amid War Disruptions
El Al Airlines has announced its financial results for the fourth quarter of 2023, revealing a significant surge in profits amidst the disruptions caused by the war with Hamas. The conflict, which led to the suspension of flights by foreign airlines to Israel,...
Elbit Secures $600 Million Deal With Australian Military
Israeli defence technology company, Elbit, has announced today a significant contract win worth approximately $600 million with Hanwha Defence Australia. The contract is designated for the Land 400 Phase 3 project, aimed at enhancing the capabilities of Redback...
Breaking Records: Nvidia’s Unprecedented Performance and the AI Bubble Debate
Nvidia, the prominent chip manufacturer with operations in Israel, has once again surpassed market expectations, causing ripples of astonishment throughout Wall Street. In the latest financial report, Nvidia reported a staggering 265% increase in revenue compared to...
NICE Exceeds Market Expectations with Strong Fourth Quarter Performance
Israeli software company NICE has outperformed market expectations with its latest financial report, showcasing impressive growth in both revenue and profit margins. The company's fourth-quarter results, demonstrate a robust performance, driven primarily by the...