Artificial intelligence offers an opportunity to improve EV batteries

AI startup Chemix says its models can help speed up the development of batteries. (Image: Krisztian Bocsi/Bloomberg)

Mon, 29 Apr 2024

By Michelle Ma(Bloomberg) -- Artificial intelligence’s next target is the electric vehicle battery. Chemix, an AI-powered EV battery developer, has completed a US$20 million (NZ$33.6m) Series A funding round led by Ibex Investors. The three-year-old startup will use the funding to scale its technology, which uses algorithms to design and optimize novel batteries for electric vehicle makers. As interest in AI surges, so too has scrutiny of the technology’s energy intensity and its corresponding burden on datacentres an...

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