UAE - Mubasher: Group 42 (G42), Abu Dhabi-based technology company, has signed an agreement with Israel's Rafael Advanced Defense Systems to form a joint venture that will deploy Artificial Intelligence (AI) and big data technologies and solutions across multiple sectors.
Named Presight.AI, the joint venture will benefit from the companies' knowledge, personnel, technology, and resources to develop and conceptualise the best solutions in various programmes regionally and globally.
Presight.AI will form a Research and Development (R&D) centre in Israel to further advance AI and big data technologies and apply them across multiple sectors, including banking, healthcare, and public safety.
The President and CEO of Rafael, Yoav Har-Even, said: "Rafael will continue to broaden its global cooperation, as we strive to expand into further fields, and establish similar partnerships worldwide."
Meanwhile, the Group CEO of G42, Peng Xiao, commented: "This new JV, powered by the best minds in the industry, is destined to become a global force of innovation."