The platform has the potential to identify nickel, cobalt, and other critical minerals with ten times the precision of traditional exploration methods. This innovation is expected to streamline the exploration of critical minerals like copper ore, making it a significant development in the mining industry.
Key takeaways:
- A U.S. startup, KoBold Metals, is developing an AI program to accurately locate deposits of critical minerals.
- The AI platform, co-developed by Stanford University, uses private and public sector geological data from around the globe to locate minerals.
- The program has the potential to pinpoint nickel, cobalt and other critical minerals at 10 times the precision of conventional exploration methods.
- KoBold Metals has drawn investments from a wide range of investors, including energy companies and billionaires Bill Gates and Jeff Bezos.