Saudi NEOM's tech unit rebrands, invests $1 billion in 2022 -CEO


FILE PHOTO: Saudi Crown Prince Mohammed Bin Salman announces a zero-carbon city called "The Line" to be built at NEOM in northwestern Saudi Arabia, January 10, 2021. Bandar Algaloud/Courtesy of Saudi Royal Court/Handout via REUTERS/File Photo

RIYADH (Reuters) - NEOM Tech & Digital, a subsidiary of the $500 billion signature NEOM project of the Saudi crown prince, has invested $1 billion in 2022 in AI, including a metaverse platform, its chief executive said on Tuesday.

Joseph Bradley said the company is also changing its name to Tonomus as NEOM works to integrate AI techs in the building of its flagship project The Line, a zero-carbon city with robots, holograms and mirrored facades stretching over 170 kilometres (150 miles) and running on 100% renewable energy.

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