VERSES AI Inc. announced a partnership with Analog to transform Abu Dhabi's urban landscape through smart city projects. This collaboration marks another step taken to advance smart city evolution. Driven by urbanization, efficient resource management, public safety, and energy optimization, governments are increasingly adopting smart city initiatives to address the challenges of a growing population.
These efforts aim to enhance infrastructure in critical areas like mobility, utilities, safety, and healthcare. Reflecting this trend, the smart city market is estimated to reach $3.482 trillion by 2026 (according to the latest report published by Persistence Market Research - Smart Cities Market: Global Industry Analysis and Forecast 2016-2026). VERSES has partnered with Analog on Smart City projects in Abu Dhabi in anticipation of this expected market growth.
Utilizing VERSES' Genius? platform, these initiatives will focus on key sectors such as smart mobility, healthcare, and energy, in collaboration with UAE industry stakeholders. The projects are expected to be developed and showcased in 2024.