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Weekly #FIRGUN Newsletter – November 1 2024
- Firgun is an informal modern Hebrew term and concept that describes unselfish delight or pride in the accomplishment of the other person.
- Last week, Israeli startups raised over $500M, demonstrating the ecosystem’s ability to attract investors during market instability and conflict.
- In the tech and AI ecosystem, OpenAI is now going head to head with Google with ChatGPT search, and xAI now has the world’s largest AI supercomputer.
- Apple rolled out Apple Intelligence across iPhone, iPad, and Mac devices, while Russia fined Google the largest fine compared to the world's total GDP and has released a new product called Google Learn About.
- Flash floods in Valencia, Spain claimed the lives of 95 people and created apocalyptic scenes, and Iran threatened it will deal Israel a 'devastating blow.'
- Israeli startups raised over $500M, and M&A deals surged to $11.9 billion—up 39% from Q1-Q3 2023.
- Startup NextSilicon raised $100M, followed by DoorLoop at $100M, and INNOVENTRIC at $28.5M to fund their respective projects.
- Sapien and Motormia both raised over $8M in seed rounds, and Verax AI raised $7.6M.
- Ctrl was acquired by Sana AI for an undisclosed sum, and Puls was acquired by Super for an undisclosed sum.
- The state of AI in Q3 2024 and in generative AI’s early years have been explored in CB Insights and The Wharton School's AI Adoption Report, respectively.
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