Marc Andreessen and Reid Hoffman are among the list of billionaire backers rallying behind AI-powered mining prospect KoBold, with the brand now valued at nearly $3 billion.

A mining and artificial intelligence start-up backed by Bill Gates and Jeff Bezos has raised $537mn in its latest funding round, as it seeks to become a key player in the race for the critical minerals needed for the energy transition.

KoBold Metals has raised $537 million in its latest funding round as it seeks to become a key player in the race for critical minerals needed for the energy transition. Backed by investors such as Microsoft’s Bill Gates and Amazon’s Jeff Bezos, the company said its Series C funding round valued KoBold at $2.96 billion.

Elon Musk capped off 2024 with an extraordinary boost to his wealth, becoming one of the biggest beneficiaries of the year’s historic surge among the world’s richest billionaires. Elon Musk, already the world's richest person,

At the New Year's Eve gala hosted by US President-elect Donald Trump and incoming First Lady Melania Trump at Mar-a-Lago in Palm Beach, Florida, Tesla CEO Elon Musk shared an optimistic outlook for the coming year.