AI in mining market was valued at $25.8 billion in 2024 and is projected to grow at a CAGR of 16.2% during the forecast period (2025–2035). Financial institutions and venture capital boost AI development in mining, allowing startups and established players to develop advanced models, in-house datasets, and grow technologies for commercial competitiveness that drives market expansion. For instance, in January 2025, Earth AI, a predictive explorer for clean energy metals with AI, secured $20 million in Series B funding, led by Tamarack Global and Cantos Ventures, with Overmatch, Alpaca, Sparkwave Capital, and other participating investors.
Browse the full report description of “AI in Mining Market Size, Share & Trends Analysis Report by Component (Hardware, Software, and Service), by Technology (Machine Learning, Computer Vision, Natural Language Processing, Robotics, and Data Analytics), and by Application (Exploration, Geology, Ore Sorting, Equipment Maintenance, Safety and Risk Management, Autonomous Drilling, and Hauling), Forecast Period (2025-2035)” at https://www.omrglobal.com/industry-reports/ai-in-mining-market
Several Investments and Strategic Funding Initiatives Accelerating AI Adoption in Mining
- In June 2025, AIM raised $50 million in funding to automate construction and mining with its globe's first AI platform for heavy machinery. The platform aims to improve safety and performance in heavy machinery operations, unlocking value through fleet availability, fuel savings, and optimal site planning. AIM's AI platform, built by engineers with experience at Waymo, SpaceX, Google, Stripe, Tesla, and Apple, enables applications ranging from mining to infrastructure development.
- In June 2025, Bitdeer launched a $330 million senior convertible note offering to fund its AI mining expansion. The funds will be used for datacenter expansions and ASIC development. The offering reflects Bitdeer's aggressive growth plans, aiming to enhance its mining efficiency and market share. The convertible notes offer a strategic financial maneuver, allowing Bitdeer to secure capital without diluting existing shareholders' equity. The 4.9% interest rate ensures investors receive a consistent return on their investment.
- In May 2025, Burkhan World Investments signed three Memoranda of Understanding (MoUs) with Saudi Arabia, totaling $15.0 billion in new investment commitments. The MoUs, signed during the USA-Saudi Strategic Investment Forum, span critical minerals, Mining, artificial intelligence, semiconductors, and dual-purpose defense technologies. The agreements align with Saudi Arabia's Vision 2030, aiming for economic diversification, industrial capability building, and future-focused innovation.
- In January 2025, AI-powered mining startup KoBold Metals received $537.0 million in funding from Durable Capital Partners and T. Rowe Price funds, valued at $2.9 billion. The funding will accelerate exploration of minerals such as copper, lithium, and nickel for electric vehicles and mobile phones.
Market Coverage
• The market number available for – 2024-2035
• Base year- 2024
• Forecast period- 2025-2035
• Segment Covered-
o By Component
o By Technology
o By Application
• Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
• Competitive Landscape - ABB Ltd., Caterpillar Inc., Komatsu Ltd., IBM Corp., Microsoft Corp., and others.
Key questions addressed by the report.
- What is the market growth rate?
- Which segment and region dominate the market in the base year?
- Which segment and region will project the fastest growth in the market?
- Who is the leader in the market?
- How are players addressing challenges to sustain growth?
- Where is the investment opportunity?
Global AI in Mining Market Report Segment
By Component
By Technology
- Machine Learning
- Computer Vision
- Natural Language Processing
- Robotics
- Data Analytics
By Application
- Exploration
- Geology
- Ore Sorting
- Equipment Maintenance
- Safety And Risk Management
- Autonomous Drilling
- Hauling
Global AI in Mining Market Report Segment by Region
North America
• United States
• Canada
Europe
• UK
• Germany
• Italy
• Spain
• France
• Russia
• Rest of Europe
Asia-Pacific
• China
• India
• Japan
• South Korea
• Australia and New Zealand
• ASEAN Economies
• Rest of Asia-Pacific
Rest of the World
• Latin America
• Middle East & Africa
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