CTech’s Daily Israeli Tech News Roundup

Uber retreats in Israel. Uber agreed on Monday to cease peer-to-peer ridesharing in Israel as part of a settlement in a court hearing in Tel Aviv. The company is still facing criminal charges of operating without a license filed the Israeli transportation ministry. Read more.

 

Amazon spooks investors in Israeli mall stocks. Israel’s three largest shopping mall companies saw their share prices drop following news of Amazon’s plan to open a distribution center to serve the local market. Retail executives are more optimistic than investors, saying increased taxation on Amazon’s sales will offset the logistical advantages of opening a local distribution center. Read more.

 

Four funds vie for a telecom in legal jeopardy. Bezeq’s controlling shareholder is in heavy debt and facing charges, prompting outsider interest. Read more.

 

Trusting artificial intelligence. If you choose to embrace AI, you will get a competitive advantage fast, but you can’t make good decisions if you can’t trust your data. Read more.

 

The ethics of algorithms, or why coders need an ethics code. Should humanity set boundaries for big data technology, or can it be applied to all areas of life? Read more.

 

ThyssenKrupp is considering Investments in Israeli startups. The German conglomerate is looking to fulfill investment commitments of $220 million in Israel due to reciprocal procurement agreements with the Israeli government. Read more.

 

Mossad is like a startup. Everyone in the Israeli cyber sector is an “alumni” of Israel’s intelligence and defence agencies, says retired Mossad Director Tamir Pardo, who now advises young tech entrepreneurs. Read more.