Presight.AI to build commercial AI solutions for banking, healthcare, security and more

Israel's Rafael Advanced Defense Systems Ltd. defense contractor and UAE's Group 42 high-tech company announced establishing a new joint venture on Monday.

The company, dubbed Presight.AI, will be working to "commercialize Artificial Intelligence (AI) and Big Data technologies and solutions" for multiple industries.

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In a press release, the companies said that the joint venture would establish a research and development center in Israel, "tapping into the local talent to spearhead the advancement of AI and Big Data technologies."

The spheres that Presight.AI will be aiming for include banking and finance, healthcare, security and more. Read more at i24