Harpal News
intel, Israel
Business Latest Tech News Technology

Israel and Intel help each other

About The Ignite

“Ignite” project aims to assist Israeli companies to develop technologies in artificial intelligence and autonomous systems. Intel is one of the biggest employers and exporters in Israel, where many of its new technologies are developed, and plans to invest $11 billion in 2019 to expand its manufacturing operations in the Jewish state. Intel Corp. launched a project on Sunday to help startups in Israel develop technologies in artificial intelligence (AI) and autonomous systems, and said it planned to bring the scheme to other countries as well. The 20-week program, called Ignite, will offer business and technical support to up to 15 startups, the California-based company said, adding it would not take equity stakes in the start-ups now, but might do so eventually.

Intel launched a project on Sunday to help start-ups in Israel develop technologies in artificial intelligence (AI) and autonomous systems, and said it planned to bring the scheme to other countries as well. The 20-week program, called Ignite, will offer business and technical support to up to 15 start-ups, the California-based company said, adding it would not take equity stakes in the start-ups now, but might do so eventually.

About the company

Intel is one of the biggest employers and exporters in Israel, where many of its new technologies are developed, and this year said it was investing ILS 40 billion ($11 billion) to expand its manufacturing operations there. Intel launched a project on Sunday to help start-ups in Israel develop technologies in artificial intelligence (AI) and autonomous systems, and said it planned to bring the scheme to other countries as well.

Last month, the US Commerce Department added Huawei Technologies Co. to its so-called “Entity List” – a move that bans the telecom giant from buying parts and components from US companies without US government approval. China is an important market for Intel and Huawei is a large customer.

“What we intend to do is be very focused on serving customers around the world but at the same time abide by the rules. We aren’t shipping anything that’s specified on the entity list,” Swan said. The Ignite program will begin operations in Israel this year, with plans to scale to additional countries over time. Diversity will be an important guiding principle of Ignite, with startups established, owned and run by different representatives of Israel’s diversified social mix. Intel has no plans to seek equity in or rights to intellectual property from these companies.

Tzahi (Zack) Weisfeld, former global head of Microsoft for Startups, will serve as general manager and managing director of Ignite, reporting to Yaniv Garty, general manager of Intel Israel. Weisfeld will be assisted by Avner Goren, Intel vice president in the Architecture, Graphics and Software Group, who will connect the Ignite program to the technical community inside Intel.

Other statements Of the Ignite program,

Garty said: “As Israel’s largest high-tech company, we want to support the major technological changes emerging across our startup community.

Ignite is an important step in this direction, focused on our efforts to transform the world through working on innovations in AI, autonomous, cyber and next-generation computing. With our advances in these areas, Intel is positioned to help companies charge forward.

I’m confident that Intel’s unique expertise in hardware, software and manufacturing will help the startups grow and succeed. The fact that Intel is a large corporation with over 100,000 employees worldwide and very substantial Israeli presence (12,000 employees including subsidiary Mobileye) will greatly help the companies taking part in this program.”

Read More News Related To BUSINESS Click Here

Related posts

Is Facebook using “The 10 years challenge” for their algorithm?

Harpal News

Shoelace, The New Social Network From Google To Share Events

Jayapal Reddy

Rumour on one plus 7 roundup: Triple rear camera, pop up selfie snapper, and many more

Tushar

Leave a Reply

avatar
  Subscribe  
Notify of