The next big trend in mining? Bill Gates’ KoBold Metals and its $2 billion valuation target

If you’ve been following the excitement in the technology and investment world lately, you might have heard of KoBold Metals. This Bill Gates-backed company is making waves by combining artificial intelligence (AI) with tried-and-true mining—and is targeting a staggering $2 billion valuation.

Don’t miss:

Founded in 2018, KoBold Metals has some big names behind it. In addition to Gates, investors include Amazon founder Jeff Bezos and Alibaba co-founder Jack Ma. What sets KoBold apart? The company uses AI to search for minerals that are critical to the clean energy movement.

Every electric vehicle (EV) on the road requires a battery, which requires minerals like lithium, copper, nickel and cobalt to function properly. These resources aren’t easy to find, and that’s where KoBold’s technology-led approach comes into play.

See also: This startup is about to disrupt the $654 billion industry – This way you can invest in it before the 800 pre-orders are fulfilled in the next two weeks.

Last year, KoBold raised $195 million, raising its value to around $1 billion. The company is now looking to double that amount with its next round of funding. However, this ambitious goal seems achievable given the company’s recent successes. For example, earlier this year, it discovered copper in Zambia, which Kobold’s president Josh Goldman described as “one of the world’s largest high-grade copper mines.”

So how does AI fit into all this? KoBold doesn’t just throw darts at a map. The company collects massive amounts of data, from cutting-edge scientific measurements to centuries-old hand-drawn maps. Their AI system sifts through all this information and helps geologists dig in a targeted manner. And it works – like in Quebec, where they found nickel sulphide in eight out of ten holes drilled.

See also: Don’t miss the next Nvidia – You can invest in the future of AI for just $10.

Now KoBold is going beyond just exploring for minerals – the company is getting into actual mining. This shift could be a game-changer for the company and make it a major player in the global supply chain for these critical resources.

The Biden administration has focused on boosting North American production of these important minerals, in part to reduce dependence on China. This is where companies like KoBold could play a big role. With their advanced technology and recent discoveries in places like Africa, they are well positioned to meet this growing demand.

Trend: Warren Buffett once said, “If you don’t find a way to make money while you sleep, you’ll work until you die.” These high-yield real estate bonds, with yields of 7.5% – 9%, make earning passive income easier than ever.

Of course, not everything is smooth sailing. The mining industry is tough – high costs, environmental issues and many risks. While AI is promising, it is still in its infancy and there is no guarantee that it will solve all of the challenges in mining.

All in all, KoBold Metals is a company to keep an eye on. The company is creating something unique by combining AI with mining. And as it heads toward a $2 billion valuation, it could change the way we source the minerals that power our everyday lives.

Although Kobold Metals is not currently publicly traded, the company is planning an IPO in the next few years and is definitely a company to keep an eye on. When considering getting into innovative technology investments like this, it’s always a good idea to speak to a financial advisor. They can help you navigate the risks and opportunities in this rapidly changing market.

Read more: