With Open-AI's recent breakthrough in natural language processing in the form of GPT-3, the field of AI is seeing renewed hope and investment. With more breakthroughs likely just around the corner, we decided it might be worthwhile to feature some prominent startups working on innovative technology in the machine learning field.
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.
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 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.
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.
With over $25 billion dollars in debt and multiple lawsuits against it in the US, will this jewel of the Israeli marketplace be able to rise to its former glory?
The startup nation shows no signs of slowing down, generating some 1,400 new startups each year with soaring valuations and a healthy growing economy to back them. However, as the list of startups grows, it can be difficult to find those that are truly accomplishing something unique. In this post we detail 5 startups that are truly driving innovation.
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.
As late as 2015, Westerners were still just coming around to understanding what QR (Quick Response) codes were—a two-dimensional barcode originally designed in Japan for the automotive industry. It was an ambitious, Israeli startup called Visualead that was already revolutionizing the technology that year.
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.