Abu Dhabi's G42 forms big data JV with Israeli defence company Rafael

FILE PHOTO: Emirati and Israeli flags fly upon the arrival of Israeli and U.S. delegates at Abu Dhabi International Airport, in Abu Dhabi, United Arab Emirates August 31, 2020. REUTERS/Christopher Pike/File Photo

DUBAI (Reuters) - Abu Dhabi-based technology company Group 42 (G42) has formed a joint venture with Israel's state-owned Rafael Advanced Defense Systems to commercialise artificial intelligence and big data technologies, the companies said on Monday.

The joint venture, called Presight.AI, will have a research and development site in Israel and will develop products for sectors including banking, healthcare and public safety, to be sold in Israel, the United Arab Emirates and internationally.