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Top related persons:
Bill Gates - 3 Jeff Bezos - 3 Josh Goldman - 2 KoBold - 1 Goldman - 1 — - 1 Nat Friedman - 1 Chip Somodevilla - 1
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Zambia California Mufulira videoconference Rome Egypt Switzerland Democratic Republic of Congo
Top related orgs:
KoBold Metals - 4 KoBold - 3 CNBC - 2 Democratic - 2 The New York Times - 1 New York Times - 1 Mopani Copper Mines - 1 Service - 1

Search resuls for: "KoBold"


7 mentions found


☆ A.I. Helped Spot a Copper Bonanza. It Could Transform More Than Mining.
  + stars: | 2024-07-11 | by ( Max Bearak | ) www.nytimes.com   time to read: +1 min
Peering into their computer screens in California last year, the data crunchers watched a subterranean fortune come into focus. What they saw transported them 10,000 miles across the world, to Zambia, and then one more mile straight down into the Earth. On Thursday, their company, KoBold Metals, informed its business partners that their find is likely the largest copper discovery in more than a decade. According to their estimates, reviewed by The New York Times, the mine would produce at least 300,000 tons of copper a month once fully operational. The New York Times also reviewed an independent, third-party assessment of KoBold’s claims, which, while slightly more conservative than KoBold’s own, largely corroborated the size of the deposit.
Persons: KoBold Organizations: KoBold Metals, The New York Times, New York Times Locations: California, Zambia
☆ Bill Gates-backed startup confident it can unearth more buried treasure after a historic copper find
  + stars: | 2024-03-06 | by ( Sam Meredith | Www.Linkedin.Com In Samuelmeredith | ) www.cnbc.com   time to read: +1 min
Copper plates on wagons ready for onward shipping at the Mufulira refinery, operated by Mopani Copper Mines Plc, in Mufulira, Zambia, on Friday, May 6, 2022. KoBold Metals, a mining startup backed by billionaires including Bill Gates and Jeff Bezos, is bullish on the discovery potential of some of the most sought-after energy transition metals. It comes shortly after the Silicon Valley-based metals exploration company announced the rare discovery of a vast copper deposit in Zambia. The point of the company is to discover, find and develop mineral resources that we need for the energy transition," Goldman said via videoconference. KoBold Metals says it uses artificial intelligence to create a "treasure map" to help find new deposits of materials such as copper, lithium, cobalt and nickel.
Persons: Bill Gates, Jeff Bezos, Josh Goldman, Goldman Organizations: Mopani Copper Mines, KoBold Metals, CNBC, KoBold Locations: Mufulira, Zambia, videoconference
☆ AI is setting humanity on the path to a new age of discovery
  + stars: | 2024-02-07 | by ( Hasan Chowdhury | ) www.businessinsider.com   time to read: +4 min
download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. AI is paving the way to the future tooBill Gates-backed company KoBold Metals has used AI to discover a huge new copper mine. Chip Somodevilla/Getty ImagesAs well as seeing AI be used to excavate the past, it seems to be getting used to forge a path to the future too. Clearly then, billions of dollars aren't just being spent on AI for the sake of achieving some productivity and efficiency hacks. AI could also help usher humans into a new age of discovery.
Persons: —, Nat Friedman, Bill Gates, Chip Somodevilla, Jeff Bezos, Josh Goldman reckons Organizations: Service, Business, KoBold Metals, KoBold, Democratic Locations: Rome, Egypt, Switzerland, Zambia, Democratic Republic of Congo
☆ Bill Gates and Jeff Bezos-backed startup discovers large-scale copper deposit in Zambia
  + stars: | 2024-02-05 | by ( Sam Meredith | ) www.cnbc.com   time to read: +2 min
KoBold Metals, a California-based metals exploration company backed by billionaires including Bill Gates and Jeff Bezos, said that it has discovered a vast copper deposit in Zambia. A spokesperson for KoBold Metals told CNBC on Monday that the company believes its Mingomba copper project in Zambia "will be one of the world's biggest high-grade large copper mines." "It is Kakula-scale in size and grade," KoBold Metals President Josh Goldman said in a statement shared on the firm's social media site X. Ivanhoe Mines, a Canadian mining company founded by billionaire magnate Robert Friedland, owns nearly 40% of the Kamoa-Kakula copper mine. KoBold Metals says it uses artificial intelligence to create a "Google Maps" of the Earth's crust to help find new deposits of copper, lithium, cobalt and nickel.
Persons: Bill Gates, Jeff Bezos, Josh Goldman, Robert Friedland, Andreessen Horowitz, Ray Dalio, Virgin Group's Richard Branson, Alibaba's Jack Ma Organizations: KoBold Metals, CNBC, Democratic, Ivanhoe Mines, KoBold, BHP, Breakthrough Energy, Bridgewater Associates Locations: Victoria, Zambia, Zimbabwe, Livingstone, California, Democratic Republic of the Congo, Canadian, Norwegian
☆ 2023 has been an AI feeding frenzy, here are the startups that attracted the most investment this year
  + stars: | 2023-12-04 | by ( Darius Rafieyan | ) www.businessinsider.com   time to read: +7 min
Despite an overall slump in startup funding, 2023 saw a scramble among investors to pour money into AI and machine learning startups. And the company's star still appears to be rising, despite a messy leadership struggle that recently spilled into public view. Meanwhile OpenAI's perennial rival Anthropic attracted multi-billion dollar investments from both Google and Amazon to fund a competing AI model known as Claude. At the same time legacy companies from John Deere to accounting firm PwC played up their AI bona fides to capitalize on the hype. The list doesn't include startups who have not publicly released the amount of their funding rounds.
Persons: OpenAI, Anthropic, Claude, Databricks, John Deere, PwC, Fresh Organizations: Microsoft, Google, Alpha, Technology, Monogram, Sigma, Lambda, Helsing, Metals, Eagle Eye, Amelia, Asimov, Farmers Business, Harbinger, Prins, Silo, Mistral, Alto, AMP, Management Software, Universal, Coro, Kodiak Robotics, Aerospace, Defense, Sana, Corti, Kyte, Mitra, Tech, Boss Digital Technology, Halcyon, & $ Locations: PitchBook
☆ Hasbro delays new Dungeons & Dragons licensing rules following fan backlash
  + stars: | 2023-01-13 | by ( Sarah Whitten | ) www.cnbc.com   time to read: +10 min
CNBC obtained copies of Hasbro's reformed licensing agreements — open game license 1.1 and an FAQ section for OGL 2.0. Leaders in the Dungeons & Dragons community greeted the news of the delay with cautious optimism. The attempt to create a new game license comes as Wizards of the Coast looks capitalize on a surge in popularity of Dungeons & Dragons. Chaotic neutralThe reworking of Hasbro's open game license is not an unexpected move for the business, MKM's Handler said. There were growing concerns that the community would fracture if publishers were forced to move away from the Dungeons & Dragons game mechanics to develop their own gaming systems.
☆ Billionaire-backed KoBold Metals to invest in Zambia copper mine
  + stars: | 2022-12-14 | by ( ) www.reuters.com   time to read: +2 min
Mingomba contains 247 million tonnes of ore with an average grade of 3.64% copper, according to KoBold. Zambian President Hakainde Hichilema wants to boost the country's copper production to 3 million tonnes a year by 2032, from around 850,000 tonnes currently. As Africa's second-largest producer of copper, Zambia is highly dependent on mining. "Our message to the world is that Zambia is here, and is open for business," Hichilema said as he announced the deal at the summit. The deal, which will grant KoBold a majority stake in Mingomba, is set to close in the first quarter of 2023.
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