In a landmark deal that underscores the growing importance of artificial intelligence (AI) infrastructure, Nvidia, the global leader in AI computing, finalized its $800 million acquisition of Israeli AI firm Run:ai. The completion of this acquisition on Monday was a moment of triumph for both companies, following an eight-month regulatory delay that sparked intense scrutiny and turned out to be a boon for Run:ai's employees. However, in a shock move, the AI leader decided to "open-source" the Run:AI software, effectively making it available for anyone to use without having to compensate NVIDIA. 

31 December 2024

Read more: Nvidia Finalizes $800M Acquisition of Israeli AI Firm Run:ai

In a groundbreaking move set to position Israel at the forefront of global cryptocurrency investment, the Israel Securities Authority (ISA) has given its official green light to six Bitcoin mutual funds. These funds, operated by some of Israel’s leading investment firms, are slated to make their debut on December 31. This historic decision marks a turning point for Israeli investors eager to tap into the volatile but lucrative cryptocurrency market.

25 December 2024

Read more: Israel Approves Six Bitcoin Mutual Funds, Launch Set for December 31

Israel’s economic journey in recent years has been a story of contrasts: remarkable resilience and record-breaking achievements juxtaposed with deep challenges stemming from geopolitical conflict and economic adjustments. The latest data from Israel's Finance Ministry paints a complex picture of growth, investment, and the toll of adversity.

25 December 2024

Read more: Israel's Foreign Investment Soars Despite Economic & Security Strains

In a year marked by conflict and uncertainty, the Israeli stock market has defied all expectations, delivering a stunning performance that outshines most global peers. The Tel Aviv Stock Exchange (TASE) is set to close 2024 with one of the best returns worldwide. The benchmark TA-125 index has surged an impressive 27% year-to-date, standing shoulder-to-shoulder with the S&P 500 while leaving major European indices, like the MSCI Europe’s modest 6% rise, in the dust. Even powerhouse markets in Asia, such as China and Japan, which saw gains of 20% and 18% respectively, fall short of Israel’s remarkable trajectory.

12 December 2024

Read more: Israel's Stock Market's 27% Rise in 2024 Amid War Shows Economic Strength

In a surprising twist, Israel's fiscal deficit has shown signs of narrowing, offering a glimmer of hope amidst the immense economic pressures caused by war and heightened government spending. According to the Ministry of Finance, the deficit for the 12 months ending November 2024 now stands at 7.7% of GDP, equivalent to NIS 150 billion. This marks a slight but meaningful improvement from October's 7.9% of GDP, or NIS 152 billion, signaling the second consecutive month of deficit reduction after a grueling 18-month streak of increases.

09 December 2024

Read more: Israel’s Fiscal Deficit Narrows Amid Rising War Costs and Revenue Growth