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Hyundai Signs On With Israeli Tech Institute On Self-Driving, Artificial Intelligence

Hyundai Motor has signed a memorandum of understanding with Technion, an Israeli institute of technology, to jointly develop artificial intelligence and technologies for autonomous driving.

The joint project also includes a plan to support budding enterprises in Israel and use their ideas to devise new market platform aimed at realizing innovative mobility.

South Korea’s Korea Advanced Institute of Science and Technology also joins the project, the company said.

Hyundai Motor‘s cooperation with the Israeli technology institute comes from the carmaker’s recognition of the Middle East nation’s strength in nurturing innovative startups.

Hyundai Motor heir Vice Chairman Chung Eui-sun has paid a keen interest in Israeli startups, according to the carmaker. He visited Mobileye in May to seek business opportunities with the firm, according to Hyundai. The partnership with Technion is also part of Chung’s idea to seek technological development through startups there.

Established by a group of scientists that included Albert Einstein in 1912, Technion has taken a leading role in Israel’s drive to nurturing creative ideas and supporting budding entrepreneurship. More than 60 percent of Technion graduates work for startup companies and more than 50 percent of CEOs in Israeli companies are alumni of the college, the company said in a statement.

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Hyundai Motor Partners With Top Israeli Tech University To Lead Future Mobility

“Hyundai Motor has partnered with two of the world’s top technology universities to take the lead in future mobility.

The carmaker said that it signed a memorandum of understanding (MOU) with Israel’s Israel Institute of Technology (TECHNION) and the Korea Advanced Institute of Science and Technology (KAIST) Tuesday.

Under the so-called Hyundai Motor-TECHNION-KAIST Global Alliance for Future Mobility partnership, the company is expected to jointly develop various future technologies, including self-driving cars and artificial intelligence in mobility.”

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Microsoft Banks On Israel To Build A Secure Service

“Israel’s cyber security bonafides are well-known with the country’s cybersecurity companies raising $581 million in 2016, totaling 15 percent of the global cyber pie. In the last few years, multinationals like Cisco, Amazon, Qualcomm and Microsoft have acquired several Israeli companies and others, such as, EMC, Deutsche Telekom, Paypal, Oracle, IBM, Lockheed Martin have established their presence in Israel’s new cybersecurity center in Beersheba.

While some of these global giants are in the process of mapping out or scouting the local cyber talent, Cisco and Microsoft made their bets early. Since 1998, Cisco has made 25 investments and put in more than $2 billion in the acquisition — not all in cyber — of Israeli companies.

In the last few years Microsoft has signaled that its security strategy relies heavily on Israeli cyber companies. Since November 2014, Microsoft has bought three Israeli cybersecurity companies. In 2014, it bought Aorato, Advanced Threat Analytics platform for $200 million, in September 2015 Adallom, a cloud security vendor, sold for $320 million and in October 2015, Microsoft acquired Information Protection and Control solution Secure Island Technologies for $150 million.

In January, coinciding with the company’s cyber spending announcement, Microsoft’s investment arm acquired a stake in Team8, a Tel Aviv-based developer of cybersec companies, and later in the month it made a strategic investment in Illusive Networks, a cybersecurity company founded by Team8.”
 
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Israel’s Desert City of Beersheba Turning Into Cybertech Oasis

“Israel’s first prime minister, David Ben Gurion famously said that the future of Israel lies in the Negev, a desert located in southern Israel. Ben Gurion’s prophetic words ring true today as Beersheba, Israel’s southern capital, is morphing into a tech oasis.

The military’s massive relocation of its prestigious technology units, the presence of multinational and local companies, a close proximity to Ben Gurion University and generous government subsidies are turning Beersheba into a major global cybertech hub.

Beersheba has all of the ingredients of a vibrant security technology ecosystem, including Ben-Gurion University with its graduate program in cybersecurity and Cyber Security Research Center, and the presence of companies such as EMC, Deutsche Telekom, Paypal, Oracle, IBM, and Lockheed Martin.

Beersheba’s cybersecurity hub has also piqued the interest of Rudy Giuliani, the former Mayor of New York City who vistied the hub earlier this month to inspect the burgeoning cyber security hub and to talk to students, researchers and startup entrepreneurs. Giuliani is following a long line of politicians who are eager to benefit from Israeli cybertech know-how.

In February, The United Kingdom and Israel announced an agreement to deepen co-operation to tackle cyber-attacks.

British Cabinet Minister Matt Hancock launched a new academic engagement in the emerging area field of cyber-physical security, which includes Israeli experts meeting leading UK academics with a strengthened relationship between the Cyber Emergency Response Teams of both countries, according a statement on the British government’s website.

“The UK’s world class companies and universities combined with Israel’s cutting edge technology and entrepreneurial culture is an unbeatable combination, “ said Hancock.”
 
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Microsoft Acquires Third Israeli Cybersecurity Startup In Year

“Microsoft CEO Satya Nadella apparently has a voracious appetite for Israeli cybersecurity firms.

The tech giant acquired Aorato, an Israeli application firewall startup, for a reported $200 million in November of last year. In July, it picked up Adallom, an Israeli cloud security company, for a reported $320 million. Now the Redmond, Wash.-based company plans to add Secure Islands, an Israeli data security firm, to its portfolio.

Earlier this month, the Japanese telecom giant Softbank led a $59 million investment in Cybereason, an Israeli cybersecurity firm. Around the same time, the Israel-based cybersecurity company CyberArk (CYBR, +0.85%) picked up the Israeli computer threat-monitoring firm Viewfinity for $30.5 million. Two months earlier, CyberArk bought another Israeli cybersecurity company, CyberIntel, which analyzes and identifies digital attacks, for about $20 million.”
 

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