Opportunities in AI for Australia and Israel

Renana Ashkenazi is a managing partner at Grove Ventures, an early-stage deep-tech venture fund based in Tel Aviv, and a Forbes contributor writing about AI.

She knows Australia well, visits several times per year, and spent time in Sydney and Melbourne just last week.

With that expertise and Australian connection, Ashkenazi shared some insights with The AJN on what the real opportunities in AI are for Israel and Australia.

Late last year, Micron, one of the world’s three dominant memory-chip manufacturers, announced it was shutting down Crucial – the consumer brand that had supplied memory for ordinary computers for 29 years.

“People hadn’t stopped buying laptops,” Ashkenazi said. “The chips were simply worth more inside AI data centres.