World's first 'city of the future' welcomes first residents who'll live there rent-free... but there's a catch

The world's first'city of the future' is nearly ready to welcome its first residents. Developed by car maker Toyota, 'Woven City' sits at the base of Mount Fuji in Japan and features at least 11 'smart' homes powered by hydrogen, AI and other technologies. CEO Akio Toyoda said the 10 billion utopia would serve as a'lab' for innovators to develop the technologies of tomorrow. The city is poised to welcome its first 100 residents, which will be employees, this fall, who will live there for free -- though they'll need to already be Toyota employees and work on developing experimental tech for the company. The program will then expand to 2,200 more people, who will include innovators and their families, parents and pets.