A UK startup has used an AI algorithm to identify a previously unknown kind of rare-earth free magnet, in a potential breakthrough for how we discover and create new materials. Materials Nexus, headquartered in London, used its machine learning algorithm to identify and analyse over 100 million combinations of materials that could produce a viable rare-earth free magnet. The winning formula is what the startup calls MagNex. It’s a permanent magnet free of rare earth’s like dysprosium and neodymium. Its creators say it can be produced at a lower cost and with less carbon emissions than comparable rare-earth element magnets…
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