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Pegasus Global Holdings, a telecom and defense equipment vendor, is reportedly spending $1 billion to develop a medium-size city in rural New Mexico. The urban site, which would have no residents but streets, big-box stores, homes and more, would provide a safe space for companies looking to test Internet of Things technology that’s not ready for public streets yet. Some critics point out that the real test of new tech is how it interacts with humans, something the test city will not be able to offer.
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