Speaking to a crowd at a conference in Tel Aviv recently, the head of one of the world’s largest online travel and related services providers explained why his company selected the city as a site for the group’s artificial intelligence (AI) research & development activities:

“If you want to fish, go to a lake that has many fish,” said Booking Holdings’ CEO and president, Glenn Fogel, “In Israel there are many fish.”

Booking Holdings, which operates brands such as Booking.com, Priceline, Kayak and Cheapflights and is based in Norwalk, Connecticut, is focused these days on AI. In his view, if you are not there, you will fail.

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Rami Blachman

Rami Blachman is a tech entrepreneur and venture capitalist based in Shanghai and Tel Aviv. He is a frequent speaker and writer on China cross-border tech investing and how it relates to Israeli startups.