Sam Altman-backed Praxis plans $1 billion AI-powered town in Uruguay
Praxis, a community backed by OpenAI CEO Sam Altman, plans to invest $1 billion to build an AI-focused town within the existing +Colonia development in Uruguay. The project aims to create a physical space for tech entrepreneurs and AI researchers to live and collaborate by 2027.
Why it matters
This project represents a growing trend of tech-centric 'charter cities' or intentional communities designed to foster innovation through specific urban planning.
Praxis, a technology-focused community backed by Apollo Projects, a fund associated with OpenAI CEO Sam Altman, has selected Uruguay for its first physical development. The project involves a projected investment of about $1 billion in the +Colonia development near Colonia del Sacramento. The first Praxis residents are expected to arrive around mid-2027, while construction of the larger community continues over the following years. Plans include private residences, a resort and spaces for art, music and other cultural activities. Praxis presents the project as an experiment in how communities could live and organise in a future shaped by artificial intelligence.Sam Altman-backed Praxis selects Uruguay for its $1 billion AI-powered townAfter searching for a location for about two years, Praxis chose +Colonia, a waterfront urban development near Colonia del Sacramento, as the home of its first physical community.
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