Bill Gates Funds AI Firm Seeking To Mine Rare Metals For EVs

Bill Gates’ venture firm, with backing from Jeff Bezos and Jack Ma, just minted a $1 billion AI unicorn that uses machine learning for mining rare earth metals crucial for electric vehicles (EVs), Chris Morris reported for Fortune.

Photo Insert: Gates’ Breakthrough Energy Ventures is one of the lead investors in a new funding round for KoBold Metals, plunking in millions to support the startup.

Gates’ Breakthrough Energy Ventures is one of the lead investors in a new funding round for KoBold Metals, plunking in millions to support the startup.

KoBold Metals, a Berkeley-based mining company that uses artificial intelligence to mine for rare earth elements, has closed out a funding round that crowns it an AI “unicorn” worth $1 billion and ropes in some of the biggest investors in the world.

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