Kai-Shing Tao: Yes. Right now, as you can imagine, when you do with municipalities is that you have to go through their technology governance board, which is always — always a hurdle. We’ve passed one. And right now, we’re waiting for the formal approval from the other one. From the other city work right now, I’d say, close to the finish line for really on two major cities in the US And it’s a major problem. It’s a very a very high urgency. We were doing one presentation just three weeks ago. And tragically, a mother was shot while the daughter was waiting on hold for a 911 call. So this is something and this is when we are presenting to the technology board. So this is obviously something of very high importance. But obviously, we have to jump through the hoops — but I say we’re — because of the urgency, we’re moving faster than any other group is on this area.
But it would be one major city on the West Coast and one major city on the East Coast that we’re doing this.
Brendan O’Neill: Okay. Great. Look forward to those announcements.
Kai-Shing Tao: Thank you.
Operator: Thank you. Our next question will be from Andrew Wallen, [Martin] (ph) Capital. Please go ahead.
Unidentified Analyst: Hi, everyone. I have a quick question. I know you mentioned the NEOM Riyadh, Saudi Arabian city of the future and all the investments are making AI. So I’m wondering how you think you’re able to compete there and what your competitive advantage is participating in the business? It seems like all the really big players are trying to get staying there.
Kai-Shing Tao: Yes. I mean it’s not easy. I mean, a lot of these things were, for sure, the smallest company, that’s probably participating there. But what we do have and what we keep on saying is our AI is unique. And very few companies have the experience in working on large-scale projects like we do. We’ve had over five-plus years of working with the largest construction company in China working on their largest projects. So we can take that expertise and bring it to NEOM, which is where similar-sized projects are now being designed and built. So I think we’re uniquely qualified for that. And it’s not just a qualification is that we — there aren’t many, if you look around, there are AI companies in the construction industry that provide one or two features rather than a real full complete platform.
So we’re able to go in, provide 20 different solutions immediately. We don’t have to wait six to nine months to customize, but we can be up and running within four to six weeks. And everything you realize as you spend more time in Saudi is that they want to move fast. They don’t want to wait. The capital is not an issue. The issues are you able to deliver and execute. And we think we are. And construction is just one industry of where we potentially may work with them. They are building one of the largest sea ports in the world. They’re building one of the largest airports in the world. So — and these are all areas that we have uniquely developed a platform to handle. And we just don’t see other competitors doing the same thing. I mean they tell us the same thing.
So I think many of the counterparts, when we talk to them are surprised that there is even something out there like this. So we are just going through the process. I think when we first started having conversations with them was back in late spring. And so things are moving along pretty fast where we can — right now, when we talk about the construction, but there are three to four other verticals within that we think we can bring to a project like NEOM over the course by the end of this year.
