Saudi Arabia's NEOM Technology subsidiary has invested $1 billion in metaverse and AI applications and launched a metaverse platform for virtual access

According to BlockBeats, on September 30, Joseph Bradley, CEO of NEOM Tech & Digital, the technology subsidiary of the New Future City (NEOM) construction project led by Saudi Crown Prince Salman Jr., Has invested $1 billion in 2022 in metaverse and AI applications, including a metaverse platform. At The same time, The company will also change its name to Tonomus, as NEOM works to integrate AI technology into The construction of its flagship project, The Line. Subscribing to NEOM's metaverse platform will help people around the world make virtual visits before actually investing in the city, and the platform will also be used to improve the resident experience in the future. The announcement comes after Saudi Arabia's Crown Prince Mohammed bin Salman announced plans to build the New Future City (NEOM), a $500 billion flagship economic zone project housing 9 million people.