US tech giant Oracle to fire dozens in Israel

US tech giant Oracle to fire dozens in Israel

American multinational computer technology corporation plans to lay off dozens of employees working for cloud computing solutions maker Ravello. Move follows Oracle's decision to close its Tel Aviv-based accelerator after two years. Layoffs are part of a cross-organizational move, Oracle is expected to fire 10% of its employees worldwide.

Intel launches project to help Israeli tech startups

Intel launches project to help Israeli tech startups

"Ignite" project aims to assist Israeli companies 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.