CTech's Tuesday Roundup of Israeli Tech News

Analysis | Bank of Israel governor surprises market by keeping interest where It Is. On Monday, Amir Yaron proved himself a careful strategist when he announced he would maintain Israel's benchmark interest rate at 0.25%, against most analysts’ forecasts. Read more

Multinationals spend much more on employees than Israeli startups, report says. Multinationals operating in Israel paid an average of approximately $144,000 a year per employee in 2017, while local startups paid $97,000 on average, according to Israel's Central Bureau of Statistics. Read more

Teva in talks with U.S. DoJ to end price-fixing probe, report says. The Israeli drugmaker, along with several other companies investigated in the matter, have been holding talks on the subject for the past six months, Bloomberg reported. Read more

NASA to send solar generator prototype developed in Israel to space. The device, developed at Ben Gurion University, is approximately the size of a U.S. quarter coin and just 1.7 millimeters thick and is meant to improve the power-to-weight ratio of private and commercial spacecraft. Read more

 

Chipmaker Valens lays off 30 people. The layoffs are part of a reorganization process meant to bring the company to profitability within the next two years, says CEO. Read more

Cybersecurity company Cymulate raises $15 million. Cymulate offers cybersecurity simulation software designed to automatically assess and validate enterprises’ security measures and controls. Read more

Calcalist’s Mind the Tech conference:

To see the future of banking, one should look to China, says Bank Leumi exec. Read more

Automation frees scarce manpower for more important things, says KPMG exec. Read more

Algorithms that affect people’s lives should be transparent, says cyber law expert. Read more

Our augmented reality saves Lives, say Xtend founders. Read more

CTalk: reporter Adi Pick interviews leading tech figures at Mind the Tech TLV

Israel Innovation Authority’s Sagi Dagan. Watch the video

Aleph Venture Capital’s Michael Eisenberg. Watch the video

IBM’s Aya Soffer. Watch the video

SynaMedia’s Yael Fainaro. Watch this video

Papaya’s Eynat Guez. Watch the video

Viola’s Danny Cohen. Watch the video

Shlomo Motors' Doron Vadai. Watch the video