Finance & Policy NA

Construction of new $900m ‘smart community’ underway in Canada

The development of a new 'smart community' in Canada labelled one of the most ambitious projects ever undertaken in the country is underway. REZ Real Estate officially confirmed that the construction of District Union, a project worth $900m has begun and signaling the emergence of a 'new smart, organic community' in the home of the Maple Leaf.

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US firm receives $150m investment to accelerate its deployment of technology in smart cities

US smart cities technology and media firm Intersection has formally announced that it has received $150m in a recent funding round which was led by US conglomerate Graham Holdings Company. New investors Arrow-Mark Partners and New-Spring also invested. The strategic plan behind the financing round is to accelerate the deployment of its smart city technology on a global scale.

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FCC urges Apple to activate FM chips to promote public safety

The United States Federal Communications Commission has urged Apple to activate the FM (frequency modulation) chips that are in iPhone to promote public safety. Commission Chairman Ajit Pai released a statement applauding those companies that have "done the right things" by activating FM chips in their phones in light of natural disasters hammering the country.

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Trump administration set to unveil revised self-driving guidelines

US president Donald Trump's administration has announced that it will unveil its revised guidelines on self-driving regulations early next week, following pressure from leading US car manufacturers who had requested the government to relax and eliminate legal barriers that prevented automakers from putting autonomous vehicles on public roads.

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