New York-Based Company Plans $1 Billion AI City in Uruguay
What happened
A New York-based company plans to construct an AI-powered city in Uruguay, with the first residents expected to move in mid-2027. The project, which is slated for an existing development near Colonia del Sacramento, aims to mobilize $1 billion in investment over the next three years. The company's founder plans to meet with Uruguay’s President Yamandu Orsi.
From nypost.com
Why it matters
The project, which pioneers new approaches to economic coordination and technology using artificial general intelligence, is spearheaded by Eduardo Bastitta, who also advises Javier Milei. The large-scale investment and technological ambition could influence the economic strategy of Argentina.
From nypost.com
Who's involved
- Javier MileiPresident of Argentina, who receives advice from the project's advisor
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The entities involved
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Javier Milei
economist, politician and president of Argentina since 2023
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American magazine on life, culture, politics, and style, focusing on New York City
Related events
- Milei discussed economic recovery and investment opportunities, comparing Argentina's mining potential to Chile.
- Javier Milei and Jorge Macri held an alliance signing event, during which Milei delivered a political and economic warning.
- The Milei administration prioritized rebuilding central bank reserves in Argentina.
- Luis Caputo serves as the Economy Minister and Javier Milei is the President of Argentina.