BNDES invests R$25M in AltoQI AI software for construction sector

Brazil's development bank BNDES is allocating R$25 million to support AI software developed by AltoQI, aimed at improving productivity and reducing costs in the construction industry. This marks a state-backed push to digitize a traditional sector, though the scale is modest relative to Brazil's GDP. The move signals government support for AI adoption in non-tech industries, potentially boosting local tech firms.