AI Hustle: Make Money with AI KoBold Metals, uses AI to find critical minerals, raises $491M
In this podcast episode, Jamie discusses the lucrative yet challenging world of mineral mining, which is essential for the technology in our homes. Highlighting the recent $491 million funding raised by Kobold Metals, Jamie explains how the company is using AI to improve the low success rates of mineral exploration—where typically only three out of a thousand attempts find a viable deposit. Kobold, valued at around $1 billion, aims to double that through further investment, with notable backers like Bill Gates and Jeff Bezos. The conversation emphasizes the importance of understanding the costs and resources behind the tech we use daily, particularly as demand for materials like lithium and cobalt grows.
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0:00 The big business of mineral mining
02:57 Ai innovations in mineral mining
03:55 investing in the future of technology
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