Innovative Mining Using AI

A company called Kobold Metals leverages artificial intelligence to locate valuable minerals essential for electric vehicle batteries. They have raised nearly $491 million to finance their operations, which have already led to the discovery of a significant copper deposit in Zambia. This deposit has the potential to yield hundreds of thousands of metric tons of copper annually, showcasing the company's effective exploration strategies. Historically, mining exploration has resulted in low success rates, with only a few successful finds out of thousands of attempts, but Kobold's use of AI is yielding much higher success.