Abu Dhabi-based bold technologies, a subsidiary of group bold holdings, have participated with the aim of replacing urban infrastructure through AI to launch a $ 2.5 billion smart city initiative with international artificial intelligence firm My Ion.
Companies Announced The development of a platform called Aion Sensia Copnitive City, which manages complex urban systems. The platform will be powered by MAAI, which is the AI core engine developed by my Aion, and its purpose is to adapt and manage the system in dynamics, energy, education, healthcare and digital services.
My Aion Ceo, Daniel Marinelli, Said The AI user would know well that “recommend the right place for your anniversary dinner and book it without raising a finger for you.”
The project will start in Abu Dhabi before expanding internationally and is expected to be launched in 18 months.
Multibilian-Dollars AI Project to make jobs for UAE citizens
The project is structured under a $ 2.5 billion build-operate-transfer (BOT) model, a public-private partnership model for large-scale infrastructure and technology projects.
Under the model, private sector institutions manufacture infrastructure, run and manage the system for a certain period of time. Companies usually recruit their investment and earn profits during the operational phase.
At the end of the period set by the parties involved, the ownership and control of the system developed through the bot model is transferred to the government or public sector unit.
Bold Technologies CEO Thani al Thani al Thani al Falasi said that the initiative would support employment generation for UAE citizens. “The initiative will support the creation of employment for the UAE citizens, promote local innovation and make a meaningful contribution to the National AI ecosystem,” he said.
Meanwhile, my ion’s marineli said that transferring Abu Dhabi gives a new chapter to his global operation. “UAE provides responsibility and strategically the infrastructure and institutional support required for the scale,” said Marinelie.
Cointelegraph reached bold technologies and my Aion for more information.
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