KoBold Metals’ Series C Funding Round
KoBold Metals, a U.S.-based mining startup utilizing artificial intelligence to discover critical minerals, has secured $537 million in its latest funding round, elevating its valuation to $2.96 billion. This round was co-led by Durable Capital Partners LP and T. Rowe Price, with participation from existing investors such as Andreessen Horowitz and Breakthrough Energy Ventures, and new investor StepStone. The company plans to use the funds to advance exploration projects and research, including a significant copper deposit in Zambia expected to produce 300,000 tons of copper annually. (Source: New York Post)
Birmingham’s Non-Existent New Year’s Eve Fireworks
Thousands of people gathered at Birmingham’s Centenary Square for a New Year’s Eve fireworks display that did not occur. The event was falsely promoted by AI-generated articles and social media posts. Despite prior warnings from West Midlands Police that no official event was planned, many attendees still arrived, leading to safety concerns. Some individuals set off their own fireworks, prompting police intervention to prevent potential injuries. (Source: The Times)
CSIC’s ‘Molecular Lantern’ Probe
Researchers from the Spanish National Research Council (CSIC) have developed a “molecular lantern,” an ultra-thin probe capable of illuminating and analyzing the chemical composition of brain tissue. This innovation allows for the detection of molecular changes caused by tumors or other neurological conditions without the need for genetic modifications. The technique has been successfully tested in mice, marking a significant advancement in non-invasive brain diagnostics. (Source: Neuroscience News)
OpenAI’s Media Manager Tool
OpenAI announced plans to release a tool called “Media Manager” by 2025, intended to allow creators to control how their content is used in AI training data. However, as of January 2025, the tool has not been released, raising concerns about the company’s transparency and commitment to protecting creators’ rights. (Source: Digital Information World)
Defense Contractors’ Investment in AI and Emerging Technologies
The defense industry is poised for a surge in mergers and acquisitions as companies seek to expand in areas like artificial intelligence, drones, and space technologies. By 2026, leading defense contractors are expected to generate approximately $50 billion in free cash flow, nearly double that of 2021. This financial capacity is anticipated to drive significant investments in advanced technologies to maintain a competitive edge. (Source: Financial Times)