CTech's Wednesday Roundup of Israeli Tech News

Israelis pay more for basic necessities; From head of Microsoft Israel to middle school math teacher in five years

Election | Israelis pay more for basic necessities. Ahead of the country’s general election set for September 17, the Israeli government has been boasting lower prices, allegedly brought on by encouraging competition in a free market. However, while some products did become cheaper in recent years, Israel is still amongst the most expensive countries in the OECD. Read more

 

From head of Microsoft Israel to middle school math teacher in five years. Avi Nathan served as general manager of Microsoft Israel from 2001 until late 2007. Now, the retired software engineer is teaching middle school math for the sixth year in a row. Read more

Israelis pay 19% more for food than OECD average (illustration). Photo: Micky Noam Alon

 

BMW, Toyota partner with computer vision company Cortica. The multinational car manufacturers have teamed up with Tel Aviv-based Cortica to launch a new subsidiary dedicated to artificial intelligence for autonomous vehicles. Read more

 

Visa partners with three Israeli fintech companies. Last year, Visa launched a startup collaboration hub in Tel Aviv with the purpose of integrating new technologies into Visa's payment system. Read more

 

Russian coworking real estate company SOK to open Tel Aviv office. The company has leased an office space spanning 3,060 square meters in East Tel Aviv’s Nitsba Tower for a period of 5 and a half years. Read more

 

National Economic Conference | Digitization makes better doctors and nurses, says Ichilov Hospital CEO. Ronni Gamzu, CEO of Tel Aviv’s Ichilov Hospital, spoke Monday at Calcalist and Bank Leumi's National Economic Conference in Tel Aviv. Read more

 

Investment group Altshuler Shaham acquires valuation-simplifier startup AlgoValue. AlgoValue develops an online service that analyzes and simplifies financial details such as tax valuations and audits. Read more