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1 week ago | 
jewishbusinessnews.com | Alan Gallindoss
Meta CEO Mark Zuckerberg testified in U.S. District Court this week, acknowledging that Facebook acquired Instagram in 2012 because its in-app camera technology outperformed Facebook’s own. The revelation came during a high-stakes antitrust trial in Washington, D.C., where the Federal Trade Commission (FTC) is challenging Meta’s past acquisitions.
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1 week ago | 
jewishbusinessnews.com | Alan Gallindoss
Safe Superintelligence (SSI), the secretive AI startup and super unicorn launched by former OpenAI chief scientist Ilya Sutskever, has secured a massive $2 billion funding round—catapulting its valuation to an astonishing $32 billion. Remarkably, the company has yet to release any public-facing product or service, signaling strong investor confidence in its vision for safe and scalable artificial intelligence.
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3 weeks ago | 
jewishbusinessnews.com | Alan Gallindoss
Fitch Ratings has affirmed Israel’s Long-Term Foreign-Currency Issuer Default Rating (IDR) at ‘A’, maintaining a Negative Outlook. The decision reflects ongoing economic and geopolitical challenges that could impact Israel’s financial stability. This comes after Fitch downgraded Israel’s rating last August. Despite global uncertainties, Israel’s economy remains resilient, supported by strong fiscal policies, a robust tech sector, and steady foreign investment.
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1 month ago | 
jewishbusinessnews.com | Alan Gallindoss
The Israel Defense Forces (IDF) confirmed on Monday the death of Ismail Barhoum, Hamas’s Gaza Prime Minister, in a targeted assassination in Khan Yunis the previous day. Barhoum had been using the cover of Nasser Hospital for his base of operations.
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1 month ago | 
jewishbusinessnews.com | Alan Gallindoss
The Israel Missile Defense Organization (IMDO), in collaboration with Rafael Advanced Defense Systems, has successfully completed a series of interception tests for the Iron Dome defense system.
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1 month ago | 
jewishbusinessnews.com | Alan Gallindoss
Google’s parent company, Alphabet, has reentered negotiations and is reportedly in advanced discussions to acquire Israeli cybersecurity startup and a unicorn Wiz for $30 billion, according to The Wall Street Journal. The report, published yesterday, indicates that the deal is close to completion, barring any last-minute obstacles. If finalized, this acquisition would mark one of the largest cybersecurity deals in history, strengthening Alphabet’s position in cloud security.
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1 month ago | 
jewishbusinessnews.com | Alan Gallindoss
Israel remains a major player in the global arms trade, ranking among the world’s largest arms importers and exporters, according to a report by the Stockholm International Peace Research Institute (SIPRI). The latest data, covering 2020-2024, places Israel as the 15th-largest arms importer, dropping one position from its 2015-2019 ranking. Israel accounts for 1.9% of total global arms imports, with the United States as its primary supplier, providing 66% of its military imports.
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1 month ago | 
jewishbusinessnews.com | Alan Gallindoss
A recent poll conducted by the Israel Democracy Institute (IDI) revealed bad news for Benjamin Netanyahu. It also determined that nearly 50% of Israelis believe it is unlikely that U.S. President Donald Trump would distance himself from Israel, even if its policies conflict with U.S. interests. In contrast, close to 40% think there is a fairly high or high chance that Trump could shift his stance under such circumstances.
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1 month ago | 
jewishbusinessnews.com | Alan Gallindoss
The ongoing controversy in Israel over the Benjamin Netanyahu government’s efforts at judicial reform and its assertion that the attorney general’s office has exerted too much power over the years came to a head recently as Israel’s Justice Minister Yair Levin announced plans to fire the nation’s current attorney general Gali Baharav Miara, claiming that she overstepped her authority on numerous occasions and accusing her of obstructing the government’s agenda..
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1 month ago | 
jewishbusinessnews.com | Alan Gallindoss
The downtrend in venture capital (VC) fundraising for Israel Startup Nation continues, reaching its lowest point in a decade, with just $1.15 billion raised across 21 funds in 2024. According to the latest IVC – GNY – KPMG Investors Report, the Israeli tech ecosystem is experiencing a significant slowdown in capital flow, affecting startups and investment activity.
