Bezos, Gates and Other Billionaires Back Mineral Exploration Startup

Share post:

Jeff Bezos, Bill Gates, and other billionaires are supporting the mineral exploration startup KoBold Metals. The startup powered by AI is looking for rare and precious metals and minerals beneath Greenland’s melting ice that can be used to build electric cars and renewable batteries.

KoBold is working with BlueJay on the exploration. The team consists of 30 employees, including geologists, geophysicists and pilots.

Using artificial intelligence, the team is exploring Disko Island and the Nuusauaq Peninsula, where the minerals and metals for the batteries and electric vehicles are believed to be in the hills and valleys.

“Fully electrifying the global economy is our generation’s greatest challenge. Partnering with this broad set of world-class investors will accelerate our efforts to find the key materials for the EV revolution,” said a KoBold Metals spokesman.

The team is taking soil samples and using drones and helicopters to examine the layers beneath the surface.

“It is a concern to witness the consequences and impacts from the climate changes in Greenland, generally speaking, climate changes overall have made exploration and mining in Greenland easier and more accessible,” said Bo Mller Stensgaard, CEO of Bluejay Mining.

The sources for this piece include an article in BusinessInsider.

Featured Tech Jobs

SUBSCRIBE NOW

Related articles

AI presents an “extinction level threat” – US Gov’t Report: Hashtag Trending for Tuesday, March 12, 2024

A new US government report warns that AI presents an “extinction level threat to the human species. Elon Musk is outsourcing his Grok AI code. Hackers have breached the Cybersecurity and Infrastructure Security Agency in the US and a researcher shows how to steal a Tesla by leveraging a feature of the Tesla charging stations.

Robot startup uses ChatGPT to enhance its communications and reasoning skills

Humanoid robot startup Figure has secured a significant $675 million investment from a group of high-profile investors, including...

Lawsuit requires Pegasus spyware to provide code used to spy on WhatsApp users

NSO Group, the developer behind the sophisticated Pegasus spyware, has been ordered by a US court to provide...

OpenAI claims New York Times manipulated ChatGPT “fabricate data”

OpenAI has challenged the New York Times' copyright lawsuit, asserting the newspaper manipulated ChatGPT to fabricate evidence. The...

Become a member

New, Relevant Tech Stories. Our article selection is done by industry professionals. Our writers summarize them to give you the key takeaways