There is a deep competitive advantage to Israel, since it’s very global, says eToro CEO Yoni Assia
CEO of the largest freelance bank in the U.S. Lilach Bar-David spoke during Calcalist and Google’s Startup Week. eToro CEO Yoni Assia explained the mass influx of private investors to digital investing platforms
Assia added that “most of our management operates here. There is a deep competitive advantage to Israel, since it’s very global. An American entrepreneur will focus on the U.S. and a German one on Germany, but I have a very global approach. The melting pot that is Israel has created a global approach in Israel.”“Our goal as a company is to change the way people read and write,” said Prof. Yoav Shoham, who is the co-founder and CEO of AI21 Labs. “It’s a weird thought but today we write the way a Product Manager in the 1980s would at Microsoft. Even if you’re not writing on Word or Outlook and write on Google Docs or something similar, you’re still doing the same thing. We read the same way we have done since the Gutenberg Printing Press in the 1400s. We don’t want to replace people, but merely empower them. Our goal is to develop a deep technology that is based on artificial intelligence, which will fundamentally change the way we read and write. Five months ago, we launched our first product. It writes in English but understands other languages as well. It is capable of offering people many ways to express themselves in English similar to the way a person intended to speak. We don’t have any way of measuring or comparing our product to others out there since we only just released it, but it seems as if people write more from home since most of their conversations are replaced by the written word.” Yuval Kaminka, co-founder and CEO of JoyTunes, spoke about how his company is revolutionizing the music education industry. “We’re building a service that helps people improve their musical capabilities. There is a trend of online music education that can bring music to a lot of people. We’ve got a taste of the future. We are building a great and meaningful company and want to conquer the music world. During the pandemic, we discovered people’s hidden need and realized we could help them make it a reality. Many people who never learned to play, enter our platform, and it’s getting stronger every day. There was no reason to have a team located in Tel Aviv or New York. Our product is sold digitally and there’s no need for a person to physically be somewhere. Israel has strong digital capabilities, which in the past people only associated with the U.S. Israel isn’t only growing amazing B2B companies, but B2C ones as well.” Assia added that “most of our management operates here. There is a deep competitive advantage to Israel, since it’s very global. An American entrepreneur will focus on the U.S. and a German one on Germany, but I have a very global approach. The melting pot that is Israel has created a global approach in Israel.” “There was great uncertainty and we made many preparations to tackle it. Even now when our numbers are growing, we are still very conservative. There were a lot of anomalies in the Israeli high tech market,” Kaminka said.