Intel launches project to help Israeli tech start-ups

TEL AVIV (Reuters) – Intel Corp launched a project on Sunday to help start-ups in Israel develop technologies in artificial intelligence (AI) and autonomous systems, and said it planned to bring the scheme to other countries as well.

The 20-week program, called Ignite, will offer business and technical support to up to 15 start-ups, the California-based company said, adding it would not take equity stakes in the start-ups now, but might do so eventually.

Intel is one of the biggest employers and exporters in Israel, where many of its new technologies are developed, and this year said it was investing 40 billion shekels ($11 billion) to expand its…