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CTech’s Daily Israeli Tech News Roundup

Tel Aviv City Hall, WeWork collaborate to bring co-Living to town. Israeli CEOs claim Amazon poaches their employees, threatening to leave AWS

CTech 18:2910.01.18

Tel Aviv City Hall, WeWork collaborate to bring co-Living to town. WeWork is exploring the possibility of opening a co-living location on Tel Aviv’s skyscrapers corridor, in a project that would involve the construction of a 17-story building. The Tel Aviv City Hall is

also promoting two other co-living projects, as a way to tackle a housing shortage and soaring rental prices. Read more

 

Israeli CEOs claim Amazon poaches their employees, threatening to leave AWS. Amazon’s chief technology officer joined a lively Facebook discussion, with multiple Israeli startup CEOs chiding the ecommerce company for its recruitment tactics. Read more

 

As part of its cost-cutting Plan, Teva will shut down 20-25 manufacturing sites. Speaking at a JP Morgan Healthcare Conference at San Francisco, CEO Kåre Schultz said improved profitability and cash flow will be Teva’s targets for 2018. Read more

 

Intel announces Intel Studios, Featuring 3D content-creation technology by Israeli Replay Technologies. Intel CEO revealed the studio’s first shot scene at CES on Monday, announcing a partnership with Paramount. Read more

 

Following shareholder castigation, Mellanox to cut 100 U.S. jobs. The Nasdaq-listed company announced it will discontinue its 1550nm silicon photonics development activities, effective immediately. The announcement comes a day after Mellanox's largest shareholder, activist investor Starboard, sent a letter calling the company to reduce research and development expenditure. Read more

 

Nasdaq-listed Foresight announces Nvidia collaboration, stock rallies. Following an announcement mentioning the chip design juggernaut, Foresight’s stock went up 18% on Monday. Read more

 

A robot companion for the elderly looking for new friends. Dubbed ElliQ, the robot will be introduced into the homes of dozens of senior citizens in California and Florida to test how it integrates into the day-to-day lives of seniors and their families. Read more

 

Dutch 3D printing company Stratasys develops taste for chocolate manufacture. Confection manufacturer The Chocolate Factory will be using parts printed by the company. Read more

 

Pest management startup FieldIn raises $4 million. FieldIn uses IoT sensors and analytics software to monitor the use of pesticide and create a pesticide dataset, which the company said is the world’s largest. Read more

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