By 2023, the popularity of apps like ChatGPT influenced a mass disturbance among top businesses trying to catch up and implement the latest advances in generative artificial intelligence. The craze continues, even one year later. Here’s a list of the top 10 AI companies in the world as of 2024.
Promising Artificial Intelligence companies, including our very own OpenAI, which gave us ChatGPT, and Google with its Gemini app, are making billions in revenue. This is not surprising at all, as the AI sector has never been this competitive. As more players enter the AI field with new generative AI apps, quantitative algorithms are opening doors to a new future.
The top 10 AI companies in the world are:
- Amazon
- Apple
- Microsoft
- INTEL
- Oracle
- Samsung
- NVIDIA
- IBM
Topping our list of the top 10 artificial intelligence companies in the world, Google is heavily invested in AI. Almost all Google products use artificial intelligence.
Applications like Google Assistant, Google Photos, and Google Translate have integrated AI to make interactions more realistic. You may have already noticed AI editing features in Google Photos, which use image recognition.
Google Assistant and Google Translate use technologies like Natural Language Processing (NLP) and Statistical Machine Translation (SMT) etc. Recently, Google has also released new AI technologies like Google Lens and Google Duplex.
- Amazon
It is very unlikely that you have not ordered anything from Amazon. If you often visit the app, you may have already seen the Amazon shopping app’s latest introduction, Rufus, an AI-powered chat assistant.
The e-commerce company already uses artificial intelligence in three of its biggest products, Alexa, Amazon Prime, and Amazon Go Store. These services employ ML algorithms to interact with users and identify their search history and shopping patterns.
- Apple
Have you heard about Siri!? Yes, of course, you have. You may have also had a fun interaction with this AI digital assistant from Apple. However, the list of artificial intelligence strengths of the company lies in its products.
New iPhones include a chip called A12 for speech and image recognition. It also gives an augmented reality (AR) experience and seamless camera effects on the phone. Recently, Apple has acquired AI companies Laserlike and Drive.ai.
- Microsoft
Microsoft is a familiar name for anyone who has used Windows. It is now one of the Top 10 AI companies in the World.
Bing, Microsoft’s search engine, is using advanced AI search algorithms for image search. The company has also created Cortana, an intelligent personal assistant that can provide you with exclusive AI experiences.
Microsoft uses AI in other products, including Microsoft 365 which offers intelligent cloud services for corporate teams. The company also intends to work with artificial intelligence for humanitarian issues and support green planet efforts.
Facebook from Meta is the most popular social networking site in the world. It is no secret that the company handles its 3 billion users with the help of artificial intelligence. Facebook relies on AI technologies such as deep text, facial recognition, and language translation.
It has an internal AI research group, Facebook AI Research (FAIR), which aims to accelerate research breakthroughs in both new and existing AI technology. They are also working on technologies like conversational AI, computer vision, and natural language processing.
- INTEL
Intel was established in 1968. As a global leader in semiconductor technology, it has played an important role in the evolution of computing. Even though it is not a typical artificial intelligence company, Intel’s contributions to the field are impactful.
The company focuses on versatile CPUs and GPUs that can handle a wide range of AI tasks. Their Intel Xeon and Core processors, along with Intel AI Xe Max Series GPUs, create a strong foundation for training and employing new AI models.
- Oracle
Oracle is renowned for its enterprise software solutions and database. Founded in 1977, the company has grown into a major force in the AI sector. It encourages businesses to use artificial intelligence products by focusing on an application-centric approach.
Oracle flawlessly adds AI features to its established enterprise software, including customer relationship management (CRM), enterprise resource planning (ERP), and supply chain management applications. This helps businesses to optimize operations, automate tasks, and extract deeper insights without having a lot of knowledge and experience in AI.
- Samsung
Samsung is a South Korean company. This global leader in technology now admires artificial intelligence in various divisions. The company’s research centers across the world, including the Samsung Advanced Institute of Technology (SAIT), focus on fundamental AI research.
They also contribute to specific areas like NLP and computer vision. Samsung smartphones are equipped with Bixby assistant, and home appliances with new AI smart features. Talking about its hardware advancements, the Exynos chips allow on-device intelligence processing.
- NVIDIA
NVIDIA is a prominent player in the graphics processing unit (GPU) industry. The company was founded in 1993 and has since become an integral part of advanced visuals in gaming and professional applications. However, they started using artificial intelligence in 2006.
NVIDIA recognized the potential of GPUs to perform multiple calculations simultaneously in AI algorithms. Its approach is mainly hardware-centric. They design and manufacture specialized GPUs optimized for deep learning and AI workloads.
- IBM
IBM was founded in 1911. As a top artificial intelligence company in the world, it provides top-notch AI consulting services. IBM follows the data-first strategy and offers the Watson platform to help you in your transformation to AI.
The company’s core services include cloud services, application services, security services, etc. It also provides a pre-built enterprise application that can help you build powerful AI models from scratch.
Conclusion:
Artificial intelligence has become a basic part of most companies. They use AI in various technologies like machine learning, automation, NLP, robotics, self-driving cars, etc. The Top 10 AI companies in the world above-mentioned are just as of mid-2024. And new players will certainly enter the AI sector in the coming years.