Google recently announced an $8 million investment to assist technology firms in Israel and Palestinian businesses. This move by the tech giant comes in response to the financial challenges faced by the small companies during the conflict between Israel and Hamas.
According to reports, Google will provide $4 million to support AI startups in Israel. Note that the funding is in addition to the emergency fund created by the Israel Innovation Authority, which was established following the October 7 events.
Furthermore, Google plans to extend its support to Palestinian companies as well. It has announced that it will offer loans and grants to around 1,000 small businesses based in Palestine. It will also provide seed grants to 50 tech startups in the country.
Through these efforts, Google hopes to protect approximately 4,500 jobs and even create new employment opportunities in these areas.
Photo: Digital Information World - AIgen
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According to reports, Google will provide $4 million to support AI startups in Israel. Note that the funding is in addition to the emergency fund created by the Israel Innovation Authority, which was established following the October 7 events.
Furthermore, Google plans to extend its support to Palestinian companies as well. It has announced that it will offer loans and grants to around 1,000 small businesses based in Palestine. It will also provide seed grants to 50 tech startups in the country.
Through these efforts, Google hopes to protect approximately 4,500 jobs and even create new employment opportunities in these areas.
Read next: Will Apple Start Charging for App Downloads in the EU?
