Israel Business

AI visualization
August 07 2020

The AI breakthrough nobody is talking about

This year has been a whirlwind, with a global pandemic, an international trade war, and rising global tension combining with a wave of isolationism that has created a perfect storm of economic damage. It has also been a whirlwind of a year for another reason: the development of Open-AI's GPT-3. Mark my words, even though you probably haven't heard of it yet, GPT-3's development is a turning point in AI worldwide.

Israeli flag with stock tickers
July 31 2020

The COVID startup crunch

The mystique of the Israeli startup has for many years captured the imagination of foreign investors at both the corporate and consumer level, but with the current economic downturn, that may not be enough for many new companies strapped for cash.

Lemonade Ad Hanging off the NYSE
July 28 2020

Lemonade Inc., powered by Israeli innovation

Lemonade Inc. went public last month, reaching a $3 billion dollar market cap days after opening to the public. Now, a month later, the property and casualty insurance company has hit the $4 billion mark, an amazing accomplishment given the current economic climate.

Crowded Wirecard booth at Internet World Fair 2017
July 21 2020

Wirecard bankruptcy: the Israel connection

With Europe still suffering through a once in a century pandemic, Wirecard (a German payment processor) has collapsed after the CEO fraudulently represented the company as in better health than it really was.

Tesla Model 3 Israel
December 16 2019

Tesla is finally coming to Israel

In mid-November 2019 Tesla Motors registered a wholly owned Israeli subsidiary and began the process of breaking into the Israeli market. Meetings were set with the Israeli ministries of transportation and energy and a spate of hiring began in Tel Aviv. Yet with such a small market, many wonder if demand will justify Elon Musk’s most recent move.

Teddy Sagi
December 14 2017

Teddy Sagi not scared by Brexit - continues expand business empire in Israel & UK

Born in Israel and resident of the U.K., Teddy Sagi has been an integral facet of recent rounds of funding in Israel. Chiefly, Sagi invested $3 million in SmartGreen Ltd., which was announced by Sagi’s business group. He’s something of a British business magnate. His mobile ad firm, Glispa Global Group, generates considerable revenue, as does his online gambling game developer, Playtech PLC.