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Episode 291 | New Opportunities After Failures Microsoft Cloud Show podcast

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Israel’s tech start-up scene: the heartbeat of the economy

Many, if not all of the world’s developed countries have established technology hubs.

The UK technology sector is speeding ahead of other areas of the country’s economy, but where are these expanding tech hubs, and which of them is right for your business?

Read here Israel, dubbed the Start-up Nation by authors Dan Senor and Saul Singer, is–perhaps–one of the greatest examples of a thriving centre of technology and entrepreneurship.

Israel’s tech start-up scene is one of the fastest growing in the world and has provided the country with what Senor and Singer call an ‘economic miracle’.

According to the World Economic Forum, between 1999 and 2014, Israelis started 10,185 companies, 2.6% with annual revenues of more than $100 million.

This founding deal lead to a lot of involvement from the venture capital industry, and the Israeli government began encouraging and subsidising a lot of VCs to help them fund start-ups.

The result has seen the emergence of a whole new ecosystem of tech, which has evolved over the last 25 years in Israel.

‘In 2009, the product of ICT (information and communications technology, a major part of hi-tech industry) amounted to $19 billion,’

Livne says that now around 35% to 40% of Israel’s GDP comes from the country’s tech sector: through exports, “and also, income from taxes from big IPOs and successful exits”.

is fostered at universities and in Israel’s case, a lot of key skills are developed in the army, which is mandatory for all Israeli citizens over the age of 18 who are Jewish, Druze or Circassian.

This apparent who are all co-founders within Israeli’s tech start-up scene suggests this hub is more like a friendly community compared to other tech geographies.

By reducing taxes for exporting companies, the authorities are also create incentives in terms of tax reduction to encourage the growth of Israel’s tech sector.

“We are resilient, we’ve been in the army and it’s okay to fail as long as you learn from the experience and you don’t repeat the mistake.

While true artificial intelligence is some way off, businesses are taking advantage of intelligent automation, like machine learning, to improve business operations, drive innovation and improve the customer experience.

The good news is that after years of basking in the success of local high-tech, Israel has heeded the alarm and is trying to improve productivity in various traditional industries.

Elon Musk-backed AI Company Claims It Made a Text Generator That's Too Dangerous to Release

Researchers at the non-profit AI research group OpenAI just wanted to train their new text generation software to predict the next word in a sentence.

This week, OpenAI shared a paper covering their latest work on text generation technology but they’re deviating from their standard practice of releasing the full research to the public out of fear that it could be abused by bad actors.

When the training process was complete, they found that the software could be fed a small amount of text and convincingly continue writing at length based on the prompt.

In one example, the software was fed this paragraph: In a shocking finding, scientist discovered a herd of unicorns living in a remote, previously unexplored valley, in the Andes Mountains.

The Guardian was able to take the software for a spin and tried out the first line of George Orwell’s Nineteen Eighty-Four: “It was a bright cold day in April, and the clocks were striking thirteen.” The program picked up on the tone of the selection and proceeded with some dystopian science fiction of its own: I

In their report, the researchers wrote that they simply had to prompt the trained model in the right way for it to perform these tasks at a level that was comparable to other models that are specialized.

After analyzing a short story about an Olympic race, the software was able to correctly answer basic questions like “What was the length of the race?” and “Where did the race begin?” These excellent results have freaked the researchers out.

OpenAI plans to engage the AI community in a dialogue about their release strategy and hopes to explore potential ethical guidelines to direct this type of research in the future.

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