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Artificial Intelligence within Israel high tech ecosystem sees major growth

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Monday, March 18th, 2019

Source: nocamels

Israeli companies specializing in artificial intelligence raised nearly 40 percent of the total venture capital funds raised by the Israeli tech ecosystem for 2018, despite accounting for just 17 percent of the total number of innovative technology companies in the country, according to a report this month by Start-Up Nation Central (SNC).

A number of high-profile AI products developed by Israeli teams working for multinationals were also unveiled this year. In May, Google came out with Google Duplex, a system for conducting natural sounding conversations developed by Yaniv Leviathan, principal engineer, and Yossi Matias, vice president of engineering and the managing director of Google’s R&D Center in Tel Aviv. And in July 2018, IBM unveiled Project Debater, a system powered by artificial intelligence (AI) that can debate humans, developed over six years in IBM’s Haifa research division in Israel.

Earlier this year, the Israel Innovation Authority (IIA) warned that despite industry achievements, Israel was lagging behind other countries regarding investment in AI infrastructures and urgently needed a national AI strategy to keep its edge. The IIA called for the consolidation of all sectors – government, academia, and industry – to establish a vision and a strategy on AI for the Israeli economy

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