Praxis selects Uruguay for $1B smart city project backed by Altman fund

Praxis, a global network of 150,000 members backed by Apollo Projects (Sam Altman's fund), has chosen +Colonia in Uruguay as the site for a new smart city with over US$1 billion investment. The project signals a major infrastructure and tech investment in Uruguay, though details on timeline and funding remain unclear. This marks a notable bet on Latin America as a hub for futuristic urban development.