Globes

Situational Awareness, a hedge fund once considered a leader in AI investing, has faced financial distress following failed bets. Ken Griffin's Citadel has acquired a significant portion of its portfolio, triggering a rally in tech stocks on Wall Street.

Xsight Labs has raised $300 million at a $2.8 billion valuation. The funding follows the successful integration and testing of its X2 communication processor on SpaceX's V3 satellites, bolstering its position against competitors like Nvidia.

Revenues of $674 million and earnings per share better than forecasts: Cyber engines and Non-GAAP offset weakness in product sales. CEO Nadav Zafrir: "Improving performance". At the same time, the company is launching a dedicated AI firewall.

With the help of software and algorithms from the Israeli company Qedma, IBM managed to use its quantum computer to outperform the world's most powerful supercomputer with 700,000 processor cores, and to perform a complex experiment in the field of physics.

Investors are concerned as Meta's heavy spending on AI and persistent losses in virtual reality projects weigh on the company's stock, despite the continued growth of Instagram.

Revenue met expectations, but earnings of $6.18 per share fell well short of forecasts. Shares are down approximately 5% in after-hours trading.

The IT company Matrix, which has been leading the acceleration of the digital transition at Mizrahi Tefahot Bank for the past two years, is changing its work format at the bank. Dozens of employees will be transferred to other projects, some will be laid off, and AI tools will take over some of the tasks.

According to sources close to OpenAI, the company does not plan to open offices in Israel or hire a dedicated local manager, despite previous reports. The strategy involves expanding operations in the EMEA region remotely, led by former Amazon executives.

Qualcomm's demonstration at the Computex 2026 exhibition ended unexpectedly after a humanoid robot collapsed in front of the audience. The video went viral, illustrating that despite progress in the field, the technology is still not free of malfunctions.

The startup helps managers more accurately track artificial intelligence activity within their organizations. The funding round was led by the British fund One Peak.

The South Korean memory chip manufacturer reported a massive jump in revenue and operating profit, driven by demand for advanced AI chips. Despite this, results fell short of analyst forecasts, triggering a sharp decline in the company's stock.

Unlike Volkswagen, which announced possible layoffs of up to 100,000 employees by the end of the decade, BMW is promoting a voluntary retirement plan that will include grants and favorable conditions. The move is intended to reduce costs after a 44% drop in the company's profits in 2025.

Fiverr's second-quarter results met previous forecasts but fell slightly short of analyst expectations. CEO Micha Kaufman noted an acceleration in AI adoption, leading to a "noticeable slowdown in overall demand and traffic." The company is significantly lowering its annual guidance and shifting focus toward complex, high-value projects.

A new study may pave the way for innovative treatments for borderline personality disorder; Ichilov Hospital unveils a new non-profit incubator for health startups; and an Israeli project wins a European award. This week in biomed.

Two Israeli cyber companies have signed a letter of intent for an acquisition deal, in which Cyera plans to incorporate Oasis Security. The move is designed to integrate information security, non-human identities, and AI agents into a single platform, addressing the surge in the use of artificial intelligence agents within organizations.

Users who tried to launch the application this morning encountered an error message titled "Data not loaded, try again". The application operates under the Financial Markets Division of Bank Hapoalim and serves 3.5 million active users.

Today's vehicles are becoming more like smartphones, relying on manufacturer software updates to maintain functionality, relevance, and value over time. However, not all manufacturers provide the same level of support, especially for older vehicles. What should you check before buying?

The surprising announcement by Prof. Amnon Shashua regarding his intention to step down as CEO of Mobileye caught the market off guard. The company is initiating a search for a successor with strong commercialization skills, and Shashua suggests the next leader may not necessarily be Israeli.

The Israeli cybersecurity company Cato Networks reported that its annual recurring revenue reached more than $415 million, after 42% growth over the year. In just about five months, the company added more than $60 million to ARR — a figure that, according to sources, strengthens estimates that it is approaching maturity ahead of an IPO on Wall Street.

The fundraising, more than double the company's market value on the eve of the announcement, is expected to fund its operations until 2030. Among the Israeli connections: cooperation with Opko and a holding by Canada Israel Hotels.

Artificial intelligence applications are not threatening the veteran group's operations but are instead serving as a growth engine. The core human resources and nursing sector continues to enjoy rigid demand, while the company balances business expansion with innovation.

Nvidia is in discussions with OpenAI to provide a financial guarantee of approximately $250 billion to support a massive data center project in Ohio. According to the Wall Street Journal, this initiative aims to establish one of the largest AI computing hubs to date.

More than 50 companies, including Nvidia, Microsoft, Google, Meta, and OpenAI, have published a letter urging the US administration not to impose sweeping restrictions on open AI models. Anthropic notably stayed out of the move.

The upcoming Knesset elections face a complex landscape of threats, ranging from AI-generated misinformation to cyberattacks. Israeli authorities, including the Central Elections Committee and the Shin Bet, are implementing robust measures to safeguard the democratic process.

The program aims to support young high-tech companies whose funds have been eroded by the strengthening of the shekel. Eligible firms can receive grants of up to 1 million shekels. Applications open on Sunday, July 26.

The Israel Internet Association has reported dozens of complaints regarding unexplained WhatsApp account blocks. With Meta yet to provide an official response, users are advised to back up their data and prepare for potential service disruptions.

OPPO's new "photography smartphone" offers a 200-megapixel sensor, a spectacular screen, and a huge battery, competing head-to-head with the iPhone and Galaxy. On the other hand, heavy weight, a load of pre-installed applications, and aggressive AI image processing impair the premium experience.

Once a week, the "Checking the Myth" column deals with famous historical distortions, why they were created, and how they affect us to this day. This week: Does moss grow in a specific direction, thereby allowing for spatial orientation? Not in the middle of the forest.

The chip start-up Hailo, once considered a great promise and backed by investors like Idan Ofer, Gil Agmon, and Rakefet Russak-Aminoach, has been sold to Microchip. Globes revealed two weeks ago that the company would be sold for a pittance after carrying out aggressive layoffs.

An abnormal heatwave in Japan, with temperatures exceeding 40 degrees Celsius, has led one company to offer a creative solution: a "human refrigerator." The Do Hiemon Box maintains an internal temperature of 15 degrees Celsius, allowing users to feel significantly cooler within five minutes.

After a period of stagnation, the ORA brand of China's Great Wall returns with a hybrid crossover featuring a striking design, a spacious cabin, and efficient propulsion. It is not perfect, but it offers strong value for money. Road test.