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GSI plans to install AI for use in mineral exploration

Economic Times

Economic Times · 1y ago

GSI plans to install AI for use in mineral exploration

The Geological Survey of India (GSI) plans to leverage advanced technologies such as drones, artificial intelligence (AI), and machine learning (ML) for more accurate mineral exploration. This move is expected to enhance efficiency, save time and resources, and uncover hidden mineral deposits. GSI Director General Janardan Prasad highlighted the accuracy of AI and ML in delineating potential mineralization areas, emphasizing the use of these technologies for efficient exploration. Mines Secretary V L Kantha Rao urged exploration agencies and startups to focus on critical minerals, potash, and concealed deposits while adopting new-age technologies like AI and ML to expedite exploration activities.

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Bengaluru’s Drone Start-Up Squadrone Collaborates With Geodia Industries

OutlookIndia

OutlookIndia · 1y ago

Bengaluru’s Drone Start-Up Squadrone Collaborates With Geodia Industries

Bengaluru-based start-up Squadrone Infra and Mining has partnered with Geodia Industries in South America to tap into a $3-4 billion opportunity in mineral exploration. The alliance aims to redefine geophysical prospecting by integrating drone technology with AI and ML-driven exploration technology. The collaboration seeks to set new industry standards for precision and efficiency in mineral exploration while emphasizing environmental responsibility. The partnership aims to complete exploration processes that typically take years using traditional methods in just a few months using cutting-edge technologies.

IIT (ISM) Dhanbad in close collaboration with its Research Park recognised as Centre of Excellence under National Critical Mineral Mission

Economic Times

Economic Times · 18d ago

IIT (ISM) Dhanbad in close collaboration with its Research Park recognised as Centre of Excellence under National Critical Mineral Mission

IIT (ISM) Dhanbad has been recognized as a Centre of Excellence under India's National Critical Mineral Mission (NCMM). The initiative, supported by TEXMiN and collaboration with international and national partners, focuses on making India self-reliant in critical mineral technologies. It aims to enhance technology readiness in fields like AI-based mineral exploration and CRM traceability, crucial for sectors such as clean energy and defense. This recognition fortifies India's critical minerals sector capabilities.

Hindustan Copper Ltd to bid for critical mineral, REE blocks with IOCL, GAIL, RITES: Top official

Economic Times

Economic Times · 2m ago

Hindustan Copper Ltd to bid for critical mineral, REE blocks with IOCL, GAIL, RITES: Top official

Hindustan Copper Ltd, a state-owned enterprise, intends to bid for critical mineral and rare earth element (REE) blocks in collaboration with PSUs like IOCL, GAIL, and RITES. This move is part of its diversification strategy. The company also plans to partner with Coal India Ltd for copper and critical minerals exploration in Chile. Hindustan Copper aims to broaden its operations beyond copper by participating in mineral block auctions and infrastructure development.

GRSE to build two Coastal Research Vessels for GSI in Kolkata

Economic Times

Economic Times · 2m ago

GRSE to build two Coastal Research Vessels for GSI in Kolkata

Garden Reach Shipbuilders and Engineers (GRSE) Ltd signed a contract to build two Coastal Research Vessels for the Geological Survey of India in Kolkata. Each vessel will be 64 meters long, with a deadweight tonnage of 450 tons and accommodate 35 personnel. These vessels will support offshore geological mapping, mineral exploration, and ocean environment research, featuring modern scientific laboratories. GRSE is noted for research vessel expertise alongside its warship construction operations.

Coal India consultancy unit CMPDIL files for IPO

VCCircle

VCCircle · 3m ago

Coal India consultancy unit CMPDIL files for IPO

Central Mine Planning and Design Institute Ltd (CMPDIL), a consultancy unit of Coal India, has filed for an IPO, planning to sell up to 71.4 million existing shares. The draft prospectus was filed without disclosing the IPO size. CMPDIL, India’s largest coal and mineral consultancy, offers services in mine planning and exploration. SBI Capital Markets and IDBI Capital Markets are managing the IPO. Meanwhile, Coal India has not yet filed IPO papers for Bharat Coking Coal Ltd.

Spike AI raises $1.9 Mn in pre-seed round led by Sorin Investment

Entrackr

Entrackr · 17d ago

Spike AI raises $1.9 Mn in pre-seed round led by Sorin Investment

Spike AI raises $1.9 Mn in pre-seed round led by Sorin Investment Spike AI, a startup developing the first autonomous marketing intelligence system, has raised $1.9 million in a pre-seed funding round led by Sorin Investment. Co-investors include Bay Area-based Principal Venture Partners, GSI, and other strategic backers. Spike AI plans to accelerate MAGI’s rollout as a default operating system for marketing, targeting businesses seeking a data-driven alternative to fragmented tool stacks. Founded in 2024 by Deepesh Kumar and Shrestha Pratik, Spike AI replaces fragmented marketing tools and manual guesswork with its MAGI platform, an autonomous, self-driving growth engine. The platform’s adaptive, explainable AI aims to reimagine marketing orchestration much like Salesforce transformed CRM. MAGI continuously analyzes marketing channels, identifies bottlenecks, and deploys real-time improvements across websites, paid media, SEO, email, and influencer campaigns.

The Great Salt Lake Is Full of Lithium. A Startup Wants to Harvest It.

Livemint

Livemint · 1y ago

The Great Salt Lake Is Full of Lithium. A Startup Wants to Harvest It.

California startup, Lilac Solutions, plans to extract lithium, a critical mineral for electric vehicle batteries, from the Great Salt Lake. The company aims to use pipes to suck up water from the lake, extract lithium, and then reinject the water back into the lake to minimize environmental impact. Lilac plans to produce up to 20,000 tons of battery-grade lithium per year and has raised $145 million to fund the project. The extraction process involves reusable ceramic "beads" that attach to lithium atoms, making it faster and more environmentally friendly than traditional methods.

JSW Steel Italy to restart production at Piombino

Thehindubusinessline

Thehindubusinessline · 1y ago

JSW Steel Italy to restart production at Piombino

JSW Steel Italy has signed an MoU with the Italian government to invest €140 million in restarting production at the Piombino plant. The company plans to double the rail-making capacity and make the mill more efficient and modern. The project aims to reduce steel imports into Italy and boost local employment. JSW Steel Italy acquired Aferpi, Piombino Logistics, and GSI Lucchini in 2018. Chairman Sajjan Jindal believes the investment will transform the Piombino mill into the most technologically advanced rail mill in Europe.

Alphabet shares take $120 billion blow as search warnings blare

Economic Times

Economic Times · 3m ago

Alphabet shares take $120 billion blow as search warnings blare

Alphabet Inc.'s shares experienced a significant decline, losing $120 billion in market value, as revealed competition risks in its search business due to AI advancements emerged. Apple's exploration of AI integration in its web browser and declining use of Google as a default search engine contributed to the concerns. Despite Alphabet's strong search advertising business and market share, investor anxiety persists over potential disruptions and profitability risks due to evolving AI competition.

Google expands Gemini AI support to Android 10 and 11 devices: How to use it

Livemint

Livemint · 1y ago

Google expands Gemini AI support to Android 10 and 11 devices: How to use it

Google's AI assistant Gemini is now compatible with Android 10 and 11, expanding accessibility beyond Android 12 and newer versions. This move allows a broader group of users to benefit from Gemini's advanced AI features. The updated Gemini app is available for download on the Google Play Store, enabling Android 10 users to install and use the AI assistant. This expansion demonstrates Google's commitment to making its AI technology more inclusive and accessible to a wider range of Android users. With Gemini now compatible with older Android devices, users can expect continuous updates and new features.

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