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KoBold Metals is a Berkeley-based company that is using various sources to explore ways to find natural resources, specifically cobalt. The resource is widely used in lithium-ion batteries, which can be used for mobile phones and electric cars. The company expects for there to be an increase in demand for the resource as there is a global shift towards using alternative forms of energy.
The company is using artificial intelligence, geochemical, geophysical, and geological data in order to create technology that can locate cobalt. The product uses machine learning algorithms and is meant to act as a search engine for finding the resource. KoBold Metals has used its technology and has purchased land in North America based on the predictions given by the product.
There have been several investors in the company. Venture capital firms Breakthrough Energy and Andreessen Horowitz have invested in KoBold Metals. Other investors include Bill Gates, Jeff Bezos, Richard Branson, and Michael Bloomberg.
