This year has been a whirlwind, with a global pandemic, an international trade war, and rising global tension combining with a wave of isolationism that has created a perfect storm of economic damage. It has also been a whirlwind of a year for another reason: the development of Open-AI's GPT-3. Mark my words, even though you probably haven't heard of it yet, GPT-3's development is a turning point in AI worldwide.
The mystique of the Israeli startup has for many years captured the imagination of foreign investors at both the corporate and consumer level, but with the current economic downturn, that may not be enough for many new companies strapped for cash.
Lemonade Inc. went public last month, reaching a $3 billion dollar market cap days after opening to the public. Now, a month later, the property and casualty insurance company has hit the $4 billion mark, an amazing accomplishment given the current economic climate.
With Europe still suffering through a once in a century pandemic, Wirecard (a German payment processor) has collapsed after the CEO fraudulently represented the company as in better health than it really was.
On the 24th, the United States reported 45,500 cases, the highest number of cases in a single day after a prolonged streak of stagnating rates of transmission. Similar trends seem to be popping up throughout the world, and although most governments are hesitant to call this the "second wave" as economies continue to suffer from coronavirus and approval ratings plummet worldwide, Israel's government does not mince words.
The Israeli Health Ministry re-opens schools amidst rumors about large scale lifting of restrictions. Is Israel poised for a second wave?
The coronavirus continues to spread through Israel, but the rate seems to be slowing. Cautiously optimistic, the government has begun relaxing restrictions, raising the distance people may travel from their homes from 100 meters to 500 meters, re-opening limited special education programming, and allowing outdoor prayers in groups of up to 19.
Coronavirus cases are on the rise in Israel. As the political drama comes to a close and a government is formed, what is Israel doing to mitigate the impact of this once in a century disaster?
The UNHRC released its database on companies operating in the West Bank. What is this database, and what does it mean for businesses operating in Israel?
With over $25 billion dollars in debt and multiple lawsuits against it in the US, will this jewel of the Israeli marketplace be able to rise to its former glory?
