Big tech dealmaking accelerates smart cities


ROBOT driven taxis and computers eliminating traffic jams may appear sooner than you think after some of the biggest technology companies picked up the pace of dealmaking to bring about “smart cities” of the future.

Thirty-five agreements were signed between technology companies and major metropolises to jointly work on projects in 2017, up from eight the previous year, according to a report from Bloomberg New Energy Finance released last Wednesday. Google’s parent company Alphabet Inc and China’s online retailer Alibaba Group Holding Ltd were involved.

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