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Artificial Intelligence (AI) is a fast-growing technology, which is an integral part of companies across industries. Several global organisations deploy AI to accelerate their growth and get a better reach among clients and consumers. The trends in AI find applications in healthcare, manufacturing, automobile, software, e-commerce, and more.
Today, techniques including machine learning, neural networks, facial recognition, cloud computing, mapping applications, virtual assistants, etc. are used by millions of consumers directly or indirectly on a daily basis. When implemented the right way, these technologies that use Artificial Intelligence have the potential to transform the industry and gain traction.
Given that AI is the trend, here we list the best Artificial Intelligence companies in the world.
NVIDIA Corporation (US)
Founders: Chris Malachowsky, Curtis Priem, Jensen Huang
Founded year: 1993
Why its hot: NVIDIA Corporation is a specialised semiconductor company. Its technology plays a central role in many early-stage and high-growth tech sectors. The NVIDIA portfolio comprises graphics processing unit (GPU), which powers high-performance graphics, autonomous graphics, cloud computing and other areas that work in the deep learning industry. It is one of the market leaders in the semiconductor industry in the world.
Founders: Larry Page, Sergey Brin
Founded year: 2015
Why its hot: Alphabet is Google’s parent company. This company has invested heavily in this technology. Google uses deep learning and Artificial Intelligence to power and automates many critical business areas. The company produces relevant search results, digital ad pricing, self-driving technology, image and speech recognition software, personal assistant software, etc. powered by AI.
Founders: Halsey Minor, Marc Benioff, Parker Harris
Founded year: 1999
Why its hot: Salesforce is a customer relationship management software giant. It has an obsessive focus on growth and opportunities to scale. Salesforce regularly acquires hot tech startups to enhance its SaaS offerings. Earlier this year, Bonobo AI, which uses automated analysis of customer texts, phone calls and chats was acquired by Salesforce. The company’s AI-powered software uses data to identify undetected business patterns, deliver the hottest sales leads, and optimise how businesses work.
Founders: Jeff Bezos
Funding: €98.2 million
Valuation: $178.1 billion
Founded year: 1994
Why its hot: Amazon is the second company to reach the $1 trillion valuation. The company’s founder and CEO Jeff Bezos is the world’s richest person. It invests heavily in AI and uses it to power key capabilities such as optimising logistics and warehousing, forecasting product demand and improving Amazon Alexa voice assistant.
Founders: Bill Gates, Paul Allen
Total Funding: €10.9 million
Valuation: $48 million to $72 million
Founded year: 1974
Why its hot: Microsoft is one of the most valuable tech companies in the world. It invests in Artificial Intelligence and its Azure, which is a cloud computing service is home to AI-driven tools in robotics, language, medicine, medical imaging, etc. Recently, Microsoft invested $1 billion in OpenAI with the aim to produce AGI (Artificial General Intelligence), which is capable of doing anything that human intelligence can.
Founders: Eric Xu, Robin Li
Funding: €2.0 billion
Valuation: $400 million – $600 million
Founded year: 2000
Why its hot: Baidu is a leading Chinese search engine that uses AI to improve search results and serve ads. Recently, Baidu won a facial recognition competition leaving Alibaba Group Holding and Huawei behind. It is one of the most devoted investors in Artificial Intelligence. The self-driving software platform of Baidu called Apollo has 135 partners in the automobile industry.
Intel Corporation (US)
Founders: Gordon Moore, Robert Noyce
Valuation: $148.2 billion
Founded year: 1968
Why its hot: Intel is a blue-chip, dividend-paying semiconductor giant. Intel provides key hardware components used by Microsoft including the field-programmable gate arrays that enable running deep learning on the cloud. Furthermore, Intel’s vision processing units fuel machine vision in surveillance cameras and let perform facial recognition and behaviour analysis.
Founders: Evan Cooke, Jeff Lawson, John Wolthuis
Funding: €212 million
Valuation: $2.0 billion
Founded year: 2008
Why its hot: Twilio offers cloud-based application programming interfaces (APIs) letting developers build video, voice and messaging features into their apps. It is a useful, popular and fast-growing service. Twilio is used by over 2 million developers across the world to unlock communications to improve the human experience.
Founders: Chris Hughes, Dustin Moskovitz, Eduardo Saverin, Mark Zuckerberg
Funding: €1.9 billion
Valuation: $230.0 billion
Founded year: 2004
Why its hot: Facebook, which is a leading social networking giant is committed to machine learning. The company automates self-teaching algorithms to enhance Facebook’s News Feed algorithm. Also, it uses Artificial Intelligence to screen for fake news and hate speech. The social media giant has an opportunity to test machine learning techniques with huge volumes of real-time datasets making it gain an upper edge than its peers.
Founders: Chen Ye Xu, Pony Ma, Zhidong Zhang
Funding: €29.5 million
Valuation: $11.0 billion
Founded year: 1998
Why its hot: Chinese company Tencent is the largest social company in the country. The company largely hit the headlines with WeChat, which is a dynamic app used by millions in China for payments, social media, mail, ride-hailing, messaging and other functions. Tencent images practically endless ways using Artificial Intelligence and machine learning. WeChat has over 1 billion daily users to test and improve its technology rapidly.
Stay tuned to Silicon Canals for more updates in the tech startup world.
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