Bill Gates Pledges $80 Million USD to Build a Smart City

Microsoft's co-founder and former CEO has declared he's building a smart city outside Phoenix, Arizona. Bill Gates intends to place $80 million USD into its development, which is planned to be spread across nearly 25,000 acres of land. His investment firm, Cascade Investment, will spearhead the endeavor. Once completed, the area will comparable in square miles and projection population to Tempe. Acres are divided: 470 will be dedicated to public schools, 3,800 acres for industrial, office, and r...