The Canadian government has once again reiterated its commitment to the smart city movement by officially launching a new $50m 'Smart City Challenge'. The innovative project has been specifically designed to encourage communities nationwide in the country to leverage new technology.
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A research firm has claimed that 'smart city' technologies could save governments, enterprises and citizens globally over $5 trillion annually by 2022. The claims were made by US firm ABI Research following their publication of a whitepaper which examined the impact of cities deploying 'smart' technology in major cities across the world.
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.
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.
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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