30-year-old Praxis CEO planning AI-powered utopia in Uruguay with first residents expected next year
A 30-year-old tech bro and his investors want to create a utopian, AI-powered city from scratch in far-flung Uruguay – and the first residents are expected to arrive by the middle of next year, according to the New York-based company behind the project.Praxis and its CEO Dryden Brown – who claims backers including a fund founded by billionaire Peter Thiel – chose Uruguay “for its natural beauty, political and economic stability,” according to a press release.Brown previously said he wants the city’s architecture to resemble “a fusion of gothic elements and space-age futurism.”He plans to meet this week with Uruguay’s President Yamandu Orsi while the leader is in the Big Apple for the United Nations General Assembly, according to the New York Times.The “first phase” of the city is slated to be built inside +Colonia, an existing development near Colonia del Sacramento in Uruguay and spearheaded by Eduardo Bastitta, who also serves as an adviser to Argentina’s President Javier Milei.“The AI industry is building technology that will fundamentally change the role of human labor.
We are building a place to explore what comes next,” Brown said in a statement.“How do people find purpose in this world? How do we turn extraordinary new wealth into prosperity and a civilization worth living in? These are the questions we want to make practical in Uruguay,” Brown added.While details on the plans are scant, Praxis said it “plans to mobilize $1 billion in investment over the next three years” and that its “first residents are expected to move in mid 2027.”The company has lofty goals for the project, stating that the coming AI revolution will aid development of its city much as the “wealth created by banking and commerce helped make Florence the center of the Renaissance.”Praxis said its city will “will pioneer new approaches to culture, economic coordination, and technology, designed for a future shaped by artificial general intellig...