From Yahoo Finance: 2025-05-24 15:38:00

Iveda Solutions, Inc. (NASDAQ: IVDA) has launched its smart city rollout in Manila, Philippines, the 8th most populated city globally. The initial contract is worth $180,000, kicking off a larger $3 million smart city initiative for the region. The project involves deploying IvedaAI, an AI-powered platform enhancing the city’s CCTV infrastructure with real-time analytics for faster incident detection without replacing existing hardware. Management aims for $3 million in revenue from smart city projects in the Philippines by fiscal 2026. CEO David Ly expressed excitement about the partnership with city officials and local integrators to tailor effective solutions. While IVDA shows potential, other AI stocks may offer higher returns with less risk. For more information, check out the report on the cheapest AI stock.

Read more: Iveda (IVDA) Initiates its Smart City Rollout in the Philippines