Innovative AI Translation for TASE Reports Boosts Global Reach
Enhancing Global Accessibility with AI Technology
The Tel Aviv Stock Exchange (TASE) is taking significant steps to attract global investors by launching an AI-powered English translation service for company reports. This initiative aims to make TASE-listed companies more accessible and comprehensible to non-Hebrew speaking investors.
Understanding the Initiative
This initiative represents the second phase of a collaborative effort between TASE and the Israel Securities Authority (ISA). The primary goal is to strengthen the Israeli capital market by creating greater exposure for public companies.
Why Translations Matter
Many public companies hesitate to translate their reports fully into English. Recent findings indicate that out of 487 listed companies, only a fraction provide English versions of their reports. This lack of accessible information poses challenges for international investors seeking opportunities in Israel's markets.
The Role of Advanced Technology
To tackle this issue, TASE has enlisted the expertise of Israeli Fintech firm TipRanks. This partnership will enable TASE to utilize AI technology for translating immediate reports, making them available in English shortly after their original Hebrew publication. It’s crucial to note that these translations are intended to assist investors and do not replace the official Hebrew versions.
Future Developments in Translation Services
By using this cutting-edge AI technology, TASE is positioned to become one of the first stock exchanges globally to implement a comprehensive AI-powered report translation service. The beta version of this service will specifically target immediate reports from companies within the TA-125 Index.
Initial Focus on Text-Based Reports
Initially, the translations will be limited to text-based reports. However, TASE plans to expand this service over time to include reports that contain complex data presentations such as tables, charts, and complete financial statements.
Benefits for Global Investors
This new service significantly enhances global access to information on Israeli public companies. It aligns with TASE's overarching strategy to elevate Israel's stature in the global capital market.
Future Prospects in Trading
Moreover, this translation initiative complements TASE's planned transition to a Monday through Friday trading week, set to take effect in early 2026. This change not only modernizes the trading environment but also supports the broader goal of increasing international investment.
Contact Information
For further inquiries regarding this initiative, please contact:
Orna Goren
Head of Communication and Public Relations Unit
Tel: +972 76 8160405
tase.ir@tase.co.il
Frequently Asked Questions
What is the purpose of the AI translation service launched by TASE?
The service aims to make reports of TASE-listed companies more accessible to international investors by providing English translations.
Who developed the AI translation system for TASE?
The translation system was developed by the Israeli Fintech company TipRanks.
When will the AI-powered translation service be available?
The beta version of this service is set to be launched in 2025.
Which companies will be primarily affected by this initiative?
Initially, the program will focus on companies listed in the TA-125 Index.
Does the AI translation replace official Hebrew reports?
No, the English translations are purely for convenience and do not substitute the official Hebrew reports.
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