Saudi Neom tech unit to invest $1 billion in metaverse and AI applications this year, including a metaverse platform

Joseph Bradley, CEO of NEOM Tech & Digital, a technology subsidiary of the "Neom" new city construction project led by Saudi Crown Prince Salman Jr., said that $1 billion has been invested in metaverses and artificial intelligence applications in 2022, including a metaverse platform. At the same time, the company will also change its name to Tonomus, as NEOM works to integrate artificial intelligence technology into the construction of its zero-carbon city, The Line. The Metaverse platform will help people from all over the world to visit the city virtually before actually investing in it. Previously, the Saudi crown prince announced that he would spend 500 billion US dollars on the construction of the Neom new city to build a highly automated city that uses clean energy such as solar and wind power.