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AI Is Transforming Mining as Global AI In Mining Market Projected to Reach $685 Billion By 2033
NEW YORK, Dec. 18, 2025 (GLOBE NEWSWIRE) -- Artificial intelligence (AI) is transforming the mini...
About this update from Toogood Gold Corp.
[{"type":"text","content":"AI Is Transforming Mining as Global AI In Mining Market Projected to Reach $685 Billion By 2033MarketNewsUpdates News Commentary\nNEW YORK, Dec. 18, 2025 (GLOBE NEWSWIRE) -- Artificial intelligence (AI) is transforming the mining industry by enabling unprecedented improvements in safety, operational efficiency, sustainability and resource discovery. A recent report from Grand View Research on the global AI in mining market size was estimated at USD 29.94 billion in 2024 and is projected to reach USD 685.61 billion by 2033, growing at a CAGR of 41.87% from 2025 to 2033. Artificial intelligence (AI) in mining market growth is significantly accelerated by the growing need for AI technologies that enhance the accuracy of data management, decision making, productivity, and optimize operations with environmental sustainability by technology innovation in the mining sector, which further improves the sorting and accuracy by reducing the consumption of energy and waste. North America AI in mining market dominated with a revenue share of 34.98% in 2024, driven by the need to enhance operational efficiency, safety, and sustainability in the mining sector. A another report from industry insider, TPD.com, added that: “Artificial Intelligence (AI) is rapidly transforming industries worldwide, and the mining sector is no exception. For professionals in the mining industry, understanding the vast potential AI offers is crucial for staying ahead in an increasingly competitive and sustainability-driven market. AI is revolutionizing mineral exploration by analyzing massive datasets, including satellite imagery and geological surveys, at unprecedented speeds and accuracy. Traditional exploration methods, which involve extensive manual labor and high costs, are being replaced by machine-learning algorithms capable of predicting mineral deposits with remarkable precision. Using historical data, AI helps geologists identify patterns and target areas rich in resources. This approach not only speeds up exploration but also reduces the environmental footprint of trial-and-error methods. Mining professionals can now make data-driven decisions that save time and resources, boosting overall productivity.” Active Companies in the mining space with A.I. influence this week include Toogood Gold Corp. (OTCQB: TGGCF) (TSXV: TGC), Rio Tin...