MAGAZINE ABOUT LIFE IN ISRAEL

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Economy & Innovation - page 3

Waze Algorithm Faults its Million Users

in Economy & Innovation

For the million users who trust Waze to navigate roads in real time, CEO Guy Berkowitz recently admitted that the algorithm is no longer accurate and has been skewing people’s routes. With the lack of travel in a post-pandemic world, traffic in Israel increased by 23%, and the Waze algorithm hasn’t yet caught up, sending…

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First Light Rail Trial Run

in Economy & Innovation

After six years of work, the first practice run of the Red Line light rail was launched between Petah Tikva and Bat Yam, about a 24-kilometer stretch. The midnight run was operated by the Metropolitan Mass Transit System, or NTA, and covered by a large crew of police officers who ensured the public didn’t approach…

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Innovating Israel’s Transport Infrastructure

in Economy & Innovation

Travel, from big to small missions, is being impacted and continually optimized by artificial intelligence. One of the major obstacles to living and driving in Israel is traffic. Busy roads during all times of day can add 60-120 minutes to any journey. As more people head into Tel Aviv as the urban center for work,…

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American-Israeli Professor Wins Nobel Prize in Economics

in Economy & Innovation

Last Monday saw The Nobel Prize in Economic Sciences from the Nobel Institute granted to Israeli-American professor and economist Joshua Angrist, alongside two others Guido Imbens and David Card. The trio was awarded the esteemed prize for pioneering the use of “natural experiments” or real-life situations, to understand the causal relationship between economic policy and…

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Egypt’s First Commercial Flight Lands in Israel

in Economy & Innovation

For the first time ever, an EgyptAir aircraft laid with the Egyptian flag landed at Ben Gurion Airport on Sunday, October 3. The landing was the first kickoff of a new commercial flight between Israel and Cairo which will run four times a week. While travel has occurred between the two neighbors since the 1980s,…

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