Tel Aviv has solidified its position as the fourth leading city in the global start-up ecosystem, valued at $250 billion, trailing only Silicon Valley, New York, and London. This ranking, revealed at the Viva Tech exhibition in Paris, stems from a comprehensive analysis encompassing 71 countries and millions of companies. The report highlights the city’s strength in sectors like artificial intelligence, cybersecurity, and life sciences, bolstered by robust research institutions and international investments. Notable developments include Apple’s acquisition of the Tel Aviv-based company Q.ai for $2 billion and a national initiative for an AI supercomputer worth $280 million. Mayor Ron Huldai emphasized that innovation is integral to Tel Aviv’s identity, while experts stress the city’s sustained competitive advantage in driving the global economy forward.
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Link to original article source: https://www.jpost.com/business-and-innovation/tech-and-start-ups/article-899806
