Bill Gates, Jeff Bezos, and Jack Ma Back $1 Billion AI Unicorn for Rare Earth Mining
A new artificial intelligence (AI) company called Kobold Mining has raised $1 billion in funding, led by Bill Gates' Breakthrough Energy Ventures. Other investors in the round include Jeff Bezos' Bezos Expeditions and Jack Ma's Yunfeng Capital. Kobold Mining is using AI to develop new methods for mining rare earth metals, which are essential for the production of electric vehicles (EVs) and other clean energy technologies. The company's AI platform can identify and extract rare earth metals from ore more efficiently and with less environmental impact than traditional methods. The investment in Kobold Mining is a sign of the growing importance of AI in the mining industry. As the demand for clean energy technologies increases, the need for rare earth metals will also grow. AI can help to make mining more efficient and sustainable, which is essential for meeting the world's growing demand for these critical minerals. Kobold Mining's AI platform uses machi...