IT

Valued at $1 billion two years ago, the company is mainly being bought for its $150 million in cash and less for its API platform.

Israel's decline in international AI rankings is blamed on low priority, under-funding, amateurish management, lack of control, and a surplus of political bodies.

The Bank of Israel held a meeting yesterday to explain to financial service companies how to ward off the planned cyberattack by Iran's Anonymous for Justice group.

Tel Aviv District Court Judge Ariel Zimmerman: The petition complains of an infringement of rights that do not exist.

Australian company Aristocrat is selling Plarium after buying the company in 2017 for $700 million.

ScaleOps optimizes resources with its fully automated, real-time cloud resource management platform powered by AI.

For the first time in a decade, Israel's biggest private employer has less than 10,000 employees. "Globes" talks to Intel Israel employees and former employees.

The assessment on the market is that the reason for the sell-off is profit taking, after a 73% rise in the share price in the year to date.

The budget for building the supercomputer is NIS 300 million, of which NIS 150 million will be allocated to the budget of the Innovation Authority administration and NIS 150 million in financing for the tech giant that wins the tender.

Although an AI directorate already exists in the Innovation Authority, Frances will act as advisor to a new directorate in the Prime Minister's Office, possibly with involvement of Elon Musk, "Globes" has learned.

Upwind, cofounded in 2022 by CEO Amiram Shachar, who previously founded cloud security management company Spot.io, which was sold to NetApp for $450 million in 2020, is raising the money at s $850-900 million valuation, "TechCrunch" reports.

The acquisition price has not been disclosed, but it is estimated at $300 million, which represents a handsome return for investors in the Tel Aviv-based startup.

Elad Raz, CEO of Israeli chip unicorn NextSilicon insists that the company's new Maverick chip beats Nvidia's chips in terms of performance-to-power-consumption ratio.

The company's share price is rising sharply on Wall Street despite the write down recorded in its third quarter results.

Verax AI develops enterprise-grade software solutions that provide visibility and control of AI in production.

MIND was cofounded in 2023 by CEO Eran Barak, who previously founded Hexadite which was acquired in 2017 by Microsoft for $100 million.

Granulate joins many other of Intel's Israeli acquisitions which have been closed, including Replay, Oplus and DSPC.

Despite meeting the analysts' consensus in Gil Shwed's last full quarter as CEO, investors are concerned about the company's forecasts.

The cybersecurity company's valuation has risen $900 million since its most recent financing round less than three years ago.

Intel's layoffs coincide with major expansion in Israel by its rival Nvidia, which is taking advantage of the situation.

Intel is mulling whether to downsize, sell or shut down the cloud optimization solutions company.

The Israeli company aims to establish gait analysis as a mainstream tool in health monitoring and improvement.

The cybersecurity company has consolidated its position as Israel's most valuable company since the announcement of Nadav Zafrir's appointment in late July.

Storebrand Asset Management said Palantir was aiding Israeli surveillance of Palestinians. Palantir's share price rose 3% on Friday.

Several hundred out of Intel's 11,000 employees in Haifa, Petah Tikva, Jerusalem and Kiryat Gat will receive dismissal notices in the coming month.

The Israeli DSPM company will pay $162 million in cash and shares for Trail Security, which was only founded last year.

The technology integrated into Copilot was largely developed at Rubrik’s R&D center in Israel, which was established following the acquisition of Israeli startup Laminar.

The tech giant will likely build its AI data center in the UAE because of the war and lower costs, "Globes" has learned. Oracle: Israel’s second center will be built.

Adv. Vered Zlaikha, Partner and the Head of Cyber Affairs & AI Practice at Lipa Meir & Co: As part of preparations for the amendment coming into effect, organizations must already take a series of steps to ensure closing the gaps in relation to the requirements of the law.

The loan will finance construction by Anan Data Centers of a server farm beside Kibbutz Tsor’a with an eventual output of 32 megawatts.