How AI is speeding the mining of Valuable Metals Needed to Power The Clean Economy

As the Clean Energy Economy Expands, Finding The Mainrals and Metals that Power IT BCOMES Increasingly Critical. The answer might lie with artificial intelligence.

Electric cars, solar panels and hydrogen fuel cells all have one thing in Common: The Need for Precious Metals.

Historically, that’s required going through the Arduous process of finding the metals and then getting them out of the ground. But new technologies from a Slew of companies might be changing the game.

Kobold Metals, Verai and a Startup Called Earth Ai Are In A Race to Get the Metals to Market as Soon as Possible. Earth Ai Combines AI-Powered Mineral Discovery Software With Proprietary Drilling Technology. Its data goes back 50 years.

“We train our to learn from failures and successes of develops of hundreds of geologists that explred in the past in the past to make much much much much better predictions for where to look for Teslyuk, CEO of Earth Ai.

When the system finds what it thinks are metal deposits, Earth Ai Can Drill Down to Verify It in Just A Tennis Ball-Sized Hole. Teslyuk said that using this mining process takes half the cost and a fraction of the amount of time that was previous required. Individual Annual Mine Revenues Can Range from $ 50 Million to $ 3 billion, according to mining data online.

“We drill down to 2,000 feet and grab a sample of Rock that has never after light, and the metals in that road, they can build Hindreds of Millions of Electric Cars,” Teslyuk Said. “They can turn our grid renewable. This Rock can get us off hydrocarbons.”

Earth AI does not explore Around existing mines, but finds new areas and then sells that information to mining companies.

“The market for these menrarals is massive,” said jamie lee, managing partner at tamarack global, an investment in ai. “The way that they have approved this really Caught Our Attention

Other Investors Include Y Combinator, Cantos Ventures, Scrum Ventures, Alpaca, Sparkwave Capital and Overmatch. The company has raised a total of $ 38 million.

Earth Ai Exploes on Its Own, as well as with partners to find deposit faster. The company recently discovered one of the largest verified deposits of Palladium in Australia using ai as part of a joint venture with Legacy Mineals.

CNBC Producer Lisa Rizzolo Contributed to this Piece.