US tech giant Nvidia has teamed up with the Israel Innovation Authority and business development center MATI Haifa.

This cooperation was set up an innovation hub in Haifa to encourage artificial intelligence-based entrepreneurship in Israel’s north.

The goal of the new hub is to boost the development of innovation ecosystems outside of the thriving Tel Aviv area where entrepreneurs and multinationals tend to gravitate, said the Israel Innovation Authority’s chairman Appelbaum in a statement.

“Haifa has tremendous entrepreneurial potential and significant talent anchored there,” said Appelbaum. “It’s important to strive toward building an entrepreneurial ecosystem in the city, which will serve as a magnet for the entire northern region.

Also Road2 will sow the seeds for the creation of new high-tech companies based on the rich academic research. That is already taking place in the city and the human capital developed in these institutions.

This is a sure recipe for creating a successful and sustainable industry in Haifa and throughout the northern region.”

The initiative will get a NIS 50 million investment ($15 million) from its backers, half of which will come from a grant given by the Israel Innovation Authority over a four-year period.

US tech giant Google and TA University have launched a three-year program.

This program promotes AI-related multidisciplinary research to address global social, economic and environmental challenges.

The program aims to support the combination of data science and artificial intelligence for a variety of projects. The initiative was launched in March, within the framework the TAU Center for Artificial Intelligence and Data Science (TAD). Prof. Meir Feder and Aladar Fleischman Faculty of Engineering set up this initiative earlier this year.

The new program will provide grants to Tel Aviv University researchers for their work. Ten projects, all addressing the theme “AI for Social Good,” have already been selected. Out of 27 proposals submitted in response to TAU and Google’s joint call.

The researchers come from a wide range of disciplines. It includes zoology (from the Faculty of Life Sciences), electrical engineering, economics, statistics. Also communication disorders, biblical studies, earth sciences and computer science, sociology and anthropology.

This direction of development is very relevant. Organizations are devoting increasing resources to fighting cybercrime, which is a growing threat. Accordingly, the demand for various IT security tools is constantly increasing.

The toolkit that Cymulate offers launches machine simulations of cyber attacks on computer networks. After that it identifies vulnerabilities and gives instructions on how to fix what does not work well enough.

It should be emphasized that the Cymulate toolkit provides clients with the opportunity to improve the use of the security systems. They already have in order to take maximum advantage of previous security investments.

Authoritative experts predict that with the current growth rate and income, Cymulate can reach an estimate of $1 billion within two years.

The large investment is explainable, as in 2022, Gartner estimates that about $170 billion will be spent by the business on information security.