KoBold Metals Raises $192.5 Million to Use AI to Find Battery Minerals
KoBold aims to change the mind-set of an industry that has long relied heavily on sampling soil and sediment and drilling holes in the ground to determine whether areas contain valuable minerals. While the company still leans on those techniques, it hopes to limit the chances of failure by drawing on machine learning and other scientific computing techniques.
In September , KoBold formed an exploration alliance with BHP, the world’s largest mining company by market value. It is one of a number of partnerships it has with resources companies world-wide.