Hi-tech employees attend Nvidia's GPU Technology Conference in Tel Aviv last month, held for the first time in Israel. Israel will miss out on breakthroughs in artificial intelligence if the government fails to allocate more money for research-and-development in building supercomputers, a local executive from tech firm Nvidia warned. While countries such as China and Japan have invested hundreds of millions of dollars in building the world's fastest supercomputer – which can run at a speed of 130 petaflops, performing some 130 quadrillion (million billion) calculations per second, according to CNN – Israel has failed to invest enough to keep up with the AI arms race.

Porsche is establishing an "innovation office" in Israel, and investing eight figures in the effort, the German sports car manufacturer said in a statement released Thursday. "Porsche is a company that draws on innovation," the statement read. "And now it is establishing an'innovation office' in Israel."

In Arnold Schwarzenegger's 1990 sci-fi classic Total Recall, the protagonist gets into a heated argument with a self-driving cab, driven by an artificial intelligence- challenged automaton. The film takes place in 2084 on Mars. But fully autonomous cars will be a reality right here on Earth by 2021. Their company is best known for inventing a technology to alert drivers to obstacles. Using that proprietary obstacle-sensing sensor system to gather millions of kilometers of driving data, Mobileye is working with many of the world's biggest auto manufacturers to pave the way for self-driving cars and trucks.