McKinsey estimates that the world’s top 100 cities will account for 35 percent of global GDP growth between now and 2025 as the global population continues to migrate to urban living, with 68% estimated to be residing in cities by 2050.
Skymind, which bills itself as the world’s first dedicated AI ecosystem builder, is focusing on the UK with its $800 million AI investment fund. Although the fund is global, the restrictions of the Covid-19 pandemic meant that much of the focus was geographically near the Malaysian base of its leadership team.
Skymind Future Cities managing director Eow Wan Lin said the company is currently in discussions with Johor to build Skymind Innovation City (SIC) for creating and testing artificial intelligence-powered technologies at Iskandar Malaysia.
ARTIFICIAL intelligence (AI) is the new imperative for businesses, governments and societies for a sustainable future, and the enabling infrastructure needs to be in place to fulfill its full potential and play a major role in the new era.
Iskandar is a proposed city utopia on the southern tip of Malaysia and embodies the country’s vision for a sustainable and socially diverse and inclusive city of the future. The city is three times the size of Singapore and plans to triple its population to three million by 2025 by attracting residents with its promise of lower pollution levels through green energy, IOT technology and better transport, housing and recreation areas.