Artificial intelligence presents the biggest opportunity for Israel’s technology-heavy economy and workforce today, a senior minister said.
(Bloomberg) — Artificial intelligence presents the biggest opportunity for Israel’s technology-heavy economy and workforce today, a senior minister said.
“The biggest opportunity Israel has right now is AI,” Nir Barkat, Israel’s economy and industry minister, said Tuesday during a Bloomberg TV interview in New York.
“I believe it could be a game changer similar to what the internet did to the world,” Barkat said. “It possibly could be that big in terms of opportunities it opens up for tech-oriented countries. Israel today has about 10% of the labor force in tech, and we will grow.”
Nvidia Corp., the chipmaker at the center of the global AI boom, announced last week that it is building a data center in Israel to demonstrate a product designed to tackle one of the biggest bottlenecks associated with AI computing. It builds on technology acquired in the 2020 purchase of Israeli company Mellanox Technologies.
–With assistance from Ian King.
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