Gifting platform Snappy sacking 30% of workforce, around 100 employees

Gifting platform Snappy sacking 30% of its workforce, around 100 employees. “Unfortunately, we must make extremely painful choices in order to orient Snappy’s financial profile toward sustainable growth and profitability,” wrote CEO Hani Goldstein.

2022 VC Survey | “Generative AI is the latest buzz in the VC industry and will attract investors’ attention in 2023." Qualcomm Ventures predicts that not all is doom and gloom when looking ahead at the potential in the next year.

Technion and Pfizer sign agreement to boost drug development with AI. The Technion - Israel Institute of Technology aims to advance technological and medical developments by identifying new technologies and various digital tools with potential industrial application.

Prisma Photonics to monitor more than 1,000 km of Israel’s national electric grid. As part of its agreement with the Israel Electric Corporation, the startup’s system will alert on events occurring on the network and enhance the ability to incorporate renewable energy into the existing grid.

Opinion | ChatGPT and its perilous use as a "Force Multiplier" for cyberattacks. The new AI tool can significantly lower the bar for threat actors to carry out sophisticated attacks, potentially setting the industry back several years, writes David Warshavski, VP of Enterprise Security at Sygnia .