The market research firm IDC projected that the global AI market will reach a size of over half a trillion U.S. dollars by 2024.
Top Artificial Intelligence Companies to look out for in 2023
Precedence research suggests that the AI market will grow to over 1.5 trillion U.S. dollars by 2030.
1. Alibaba Cloud
CEO: Daniel Zhang
Location: Hangzhou, China
Alibaba is a Chinese e-commerce company, that has been investing a lot in its AI project. The company has 7+ research laboratories that are completely dedicated to research and development in the field of AI and Machine learning.
The AI technologies developed by Alibaba, help businesses by providing a range of services like natural language processing, voice recognition, image recognition, and more. The company also provides intelligent recommendations and personalized search capabilities, as well as deep algorithms for complex analytics tasks. Here is a list of AI solutions that Alibaba provides:
- Vision AI
- Intelligent Speech
- Natural Language Processing
- Digital Marketing
- Interactive AI
2. Amazon Web Services (AWS)
CEO: Adam Selipsky
Location: Seattle, WA
It is difficult to find a person today, who is not aware of Alexa, Amazon’s Virtual assistant who helps you dim the lights and keep your toddler entertained with animal noises, while you quickly finish your household chores. However, that is not all Amazon’s AI is capable of.
Amazon Web Services provides a host of AI solutions, like facial recognition, detecting online fraud, identifying data anomalies, analyzing images, etc, that are helpful for end-users as well as large enterprises. Here are some of the solutions that AWS provides:
Computer Vision
- Amazon Rekognition
- Amazon Lookout for Vision
- AWS Panorama
Automated data extraction and analysis
- Amazon Textract
- Amazon Comprehend
- AmazonA2I
Language AI
- Amazon Lex
- Amazon Transcribe
- Amazon Polly
Improve Customer Experience
- Amazon Kendra
- Amazon Personalize
- Amazon Translate
Business Metrics
- Amazon Forecast
- Amazon Fraud Detector
- Amazon Lookout for Metrics
Code and DevOps
- Amazon DevOps Guru
- Amazon CodeGuru Reviewer
- Amazon CodeGuru Profiler
Industrial AI
- Amazon Lookout for Equipment
- Amazon Monitron
Healthcare
- Amazon HealthLake
- Amazon Comprehend Medical
3. Google Cloud
CEO: Thomas Kurian
Location: Mountain View, CA
In the past couple of years, Google has been making huge investments in the field of AI and has acquired multiple AI startups. The company now provides a wide array of AI services to its customers and is one of the leading companies in AI. Google AI, previously known as Google Research, assists in the research and development of all its AI applications. Below are some of the AI capabilities that google offers:
AI for Data Scientists
- Vertex AI
- Vertex AI Workbench
AI for Developers
- AutoML
- Cloud Natural Language
- Dialogflow
- Media Translation (Beta)
- Speech-To-Text
- Translation AI
- Video AI
- Vision AI
- Timeseries Insight API
AI for Infrastructure
- Deep Learning Containers
- Deep Learning VM Image
- GPUs
- TensorFlow Enterprise
- TPUs
4. IBM Cloud
CEO: Arvind Krishna
Location: Armonk, NY
IBM can be considered one of the leaders in AI and all their efforts in the field are visible in the form of IBM Watson. The AI platform helps industries by providing a suite of applications, services, and tools for businesses to improve efficiency and accuracy. With IBM Watson, companies can access predictive analytics, natural language, and other cognitive computing capabilities that help them make informed decisions. Here are some of the services that IBM Watson provides:
- Cloud Pak for Watson AIOps
- Cloud Pak for Data
- Watson Assistant
- Watson Discovery
- Watson Knowledge Catalog
- Watson Studio
- Watson Natural Language Understanding
- Watson Speech to Text
- Watson Text to Speech
5. Microsoft Azure
CEO: Satya Nadella
Location: Redmond, WA
As one of the leaders in cloud technology, Microsoft Azure employs AI to provide a wide range of cognitive, machine learning, and bot services. The company has helped a wide range of industries like health, finance, education, and more. The company has created a global footprint by deploying AI to help with humanitarian causes under the program “Using AI for Good”.
Microsoft Azure provides data storage, analytics, and cloud computing power to help businesses create and deploy AI applications. The company has also collaborated with OpenAI and included ChatGPT to help to build cutting-edge applications using generative AI. Here are a few AI services that Microsoft Azure provides.
- Azure Applied AI Services
- Azure Cognitive Services
- Azure Machine Learning
- Azure AI Infrastructure
Artificial Intelligence Companies in the Healthcare Field
6. Arterys
CEO: John Axerio-Cilies
Location: Redwood Shores, CA
Arterys has enabled radiologists and clinicians to quickly access, analyze and diagnose medical images and data with unprecedented accuracy which allows healthcare providers to better identify, monitor and manage disease progression, allowing for earlier and more accurate treatment.
The company’s AI platform has led to the development of personalized healthcare plans, ensuring that the patients receive the most effective and personalized care while healthcare providers are able to reduce the time and cost associated with patient care.
7. Butterfly Network
CEO: Jonathan Rothberg
Location: Burlington, MA
Butterfly Network has introduced a hand-held, full-body ultrasound probe knowns as iQ+ Probe with integrated AI which has improved the accuracy of imaging, resulting in improved diagnosis and treatment options. Also known as Butterfly Blueprint, the system-wide platform allowed improved diagnostic accuracy in cancer detection and screening as well as, better detection and monitoring of cardiovascular diseases.
With Butterfly Network’s combinations of AI-integrated software and hand-held devices, hospitals all over have gained a powerful tool that caters to multiple disciplines. It has also proved to be a ground-breaking innovation in the field of telemedicine by providing remote access to medical imaging for remote diagnosis.
8. CloudMedx
CEO: Tashfeen Suleman
Location: Palo Alto, CA
CloudMedx was started in the year 2017 when the father of one of the founders hads a near-death experience due to a lack of proper diagnosis, which is quite common in hospitals that are overrun and mismanaged.
CloudMedx is a one-stop solution for hospital management. From simplifying back office work to patient risk management, the company does it all. CloudMedx’s AI tool provides predictive insights and automatic solutions to healthcare organizations. It is designed to help healthcare providers manage high-risk patients, reduce costs and provide better patient outcomes.
9. Corti
CEO: Andreas Cleve
Location: Copenhagen, Denmark
Corti’s Medical AI platform uses voice recognition to transcribe the conversation between the patient and the doctor, automatically coding and recoding the issue, thereby reducing the paperwork that comes with every consultation, allowing the doctor to focus on the patient.
The platform also ensures that nothing important is overlooked and all the requisite questions are asked during the consultation, which prevents compliance issues due to human error. It also ensures accurate diagnosis by comparing the patient’s data to other data points and detecting potential medical emergencies faster than a human being.
Corti’s AI helps healthcare providers to provide better and faster care to those who need it. It also helps manage their resources and reduce the cost that comes with unnecessary hospital visits. It can also assist in the detection and management of outbreaks of diseases.
The platform uses predictive analytics, data mining and machine learning to provide healthcare organizations with insights into patient risk factors and clinical trends. It also offers intelligent automation solutions that help streamline operations, improve patient experience and enable better decision-making.
10. DeepMind
CEO: Demis Hassabis
Location: London, United Kingdom
DeepMind is an AI company that was started in the year 2010 and is now a subsidiary of Alphabet Inc. The company is focused on providing technologies for the benefit of humanity and has made major contributions to the health sector.
DeepMind’s AlphaFold has been able to predict the 3D structure of proteins accurately, which has caused a roar in the healthcare community. This breakthrough has allowed experts in the healthcare sector to help understand the effect of diseases on human beings better, enabling them to provide quality treatment to patients. Today AlphaFold can predict the shape of protein accurately to an atomic level within minutes and has added 200 million new protein structures to the Google database, helping the scientific community throughout the globe.
11. Tempus
CEO: Eric Lefkofsky
Location: Chicago, IL
Tempus provides AI-enabled precision medicine to patients in the Oncology, Neurology and Psychiatry, Cardiology and Infectious diseases’ departments. The company uses predictive data analysis and machine learning to gather and analyze large pools of data that help to improve operational efficiency and decision-making.
Having partnered with 90% of the top 20 pharma oncology companies, and 50%+ of the medical centers in the US, Tempus’ AI platform has access to huge amounts of data that enable it to make better decisions and point health care providers and patients to clinical trials that are best suited to the needs of the patient. The platform has also helped in the early detection of diseases and delivered timely and actionable insights, that has helped hospitals reduce cost and improve customer experience.
Artificial Intelligence Companies in the Financial Sector
12. DataRobot
CEO: Debanjan Saha
Location: Boston, MA
Established in the year 2012, DataRobot is one of the top AI companies that aims to provide a uniform AI platform to companies irrespective of the data types. Trusted by 1/3rd of the Fortune 50 companies, DataRobot caters to banking, healthcare, manufacturing, retail, financial services etc. and has made quite a mark in the AI field.
DataRobot’s AI for Financial services allows banks and financial institutions to streamline operations, reduce risk exposure, detect fraud and improve compliance. It has also helped companies in the financial sector to gain a comprehensive view of their customer base, allowing them to better understand their customers and build more effective relationships as well as better manage their finances.
13. HighRadius
CEO: Sashi Narahari
Location: Houston, TX
HighRadius’ AI platform Rivana has helped large enterprises as well as small to medium-sized businesses immensely increase their efficiency by automating the process of accounts receivable, reducing manual processes, and providing predictive analytics to help them make better-informed decisions.
Rivana has also helped companies identify customer trends and optimize their overall collections process, as well as provide faster payment cycles and customer insight, thereby improving customer experiences. It also helps predict invoice payment dates, do validation of deductions, predict customer default or forecast cash flows with high accuracy across all cash flow categories.
14. Numerai
CEO: Richard Craib
Location: San Francisco, CA
Established in the year 2015, Numerai is an AI-run company that uses machine learning to predict the stock market. It is the first company to have organized an encrypted data science tournament for stock market predictions. The company uses cryptocurrencies to incentivize data scientists across the globe to collaborate and create predictive models.
The company is also the world’s first AI hedge fund to create its own cryptocurrency known as Numeraire.
15. SAP
CEO: Christian Klein
Location: Walldorf, Germany
SAP is a multinational software company that develops software that manages business operations and customer relations. SAP has integrated AI into its financial services which allows businesses to improve efficiency and enhance quality of work.
The company’s AI platform is used to automate back-office tasks such as financial forecasting, regulatory compliance, detecting and mitigating fraud risks, streamlining accounting, creating a personalized and targeted marketing campaign and more. The AI-enabled platform also provides predictive analytics that is used to identify customer trends and provide a better customer experience.
16. Signifyd
CEO: Rajesh Ramanand
Location: San Jose, CA
In a world where more and more people shop online, Signifyd provides a platform that allows e-commerce retailers with tools to detect fraud and prevent consumer abuse. Using machine learning, the platform gathers data to determine the buyer’s legitimacy by considering variables like past purchase behavior and location, resulting in a 70% reduction in false declines.
Signifyd provides a 100 % guarantee against fraud, on approved orders that later become fraudulent, this helps retailers immensely by shifting the liability for fraud away from them. The company’s Commerce Protection Platform provides multiple solutions, such as Fraud Protection, Abuse Prevention, Account Protection and Seamless SCA.
Artificial Intelligence Companies in Cyber Security
17. Acronis
CEO: Patrick Pulvermueller
Location: Schaffhausen, Switzerland
Acronis is a multinational company that provides one-stop cyber protection solutions like Acronis Cyber Protect Home Office, Acronis Cyber Protect, and Acronis Cyber Protect Cloud to individuals, businesses, and MSPs, respectively. The company uses AI and machine learning to provide security solutions that create an impenetrable wall around your data and applications.
Most antivirus solutions are unable to identify a script-based attack. The AI and machine learning integrated platform – Acronis Active Protection, analyzes the script, detects the attack, and stops it all within a fraction of a second. It also monitors and analyzes the system on a real-time basis, in order to detect any anomalies and prevent a successful cyber-attack.
18. CrowdStrike
CEO: George Kurtz
Location: Austin, Texas
CrowdStrike is a leading security company that provides a comprehensive security platform powered by AI known as the CrowdStrike Falcon. The platform is designed to detect, protect, investigate and respond to cyber-attacks in real time through AI-driven insights.
The platform utilizes machine learning to detect and respond to cyber threats, as well as provide proactive protection against sophisticated attacks. CrowdStrike Falcon also features a deep learning-based analytical engine that enables customers to gain sight into their security posture and understand their attack surface.
19. Cynet
CEO: Eyal Gruner
Location: Bostan, MA
When cyber threats started becoming more and more sophisticated, the cyber security available in the market became more complex and expensive. Unfortunately, even though companies were pooling in their funds for security, they were not able to prevent breaches. This is where Cynet proved to be a game changer.
Cynet provides end-to-end security services that are not complex and expensive but are effective nonetheless, for businesses of all sizes. The company’s AI platform is powered by machine learning and big data analytics which enables it to quickly detect threats and respond to them in real time. This helps to ensure that the customer’s network is safe and secure at all times. Furthermore, Cynet’s AI is constantly learning and adapting to the changing landscape, so it can identify and block new threats as they emerge.
20. Darktrace
CEO: Poppy Gustafsson
Location: Cambridge, United Kingdom
Darktrace was founded by mathematicians and cyber defence experts in the year 2013 and specializes in cyber security. The company provides innovative solutions that strengthen customer’s cybersecurity and prevents further attacks and the spread of threats by integrating AI into its solutions.
Darktrace’s Cyber AI Loop is a platform that detects and responds to threats on a real-time basis. The platform leverages AI and machine learning to detect anomalous activity and malicious threats across the entire digital infrastructure and then takes automated and rapid action to neutralize those threats.
The Cyber AI Loop also provides visibility into the organization’s digital environment, allowing the IT team to see what is happening across the entire network, including remote and distributed locations.
21. Fortinet
CEO: Ken Xie
Location: Sunnyvale, CA
In the field of cyber security, Fortinet is considered as one of the leaders. The company provides top-notch cyber security services to enterprises throughout the globe and believes that AI is the way to create a stronger cyber defence against increasingly sophisticated cyber threats.
FortiAIOps, the company’s AI-integrated platform, helps reduce the amount of manual effort required to detect threats, allowing organizations to focus on more important activities. It combines AI-driven analytics with automation to help organizations identify, analyze, and respond to threats in real time with improved efficiency. It also provides actionable insights and recommendations to users, allowing them to optimize security operations and reduce the risk of cyber threats.
22. Vectra AI
CEO: Hitesh Sheth
Location: San Jose, CA
Vectra AI is entirely focused on providing AI-driven solutions to better the cybersecurity posture of its clients. The company’s security platform is designed to detect malicious activity across the entire attack surface, including the network, endpoints, and user and cloud workloads, allowing the customers to rapidly detect and respond to threats.
Vectra AI platform includes a wide range of advanced features such as automated detection, custom thresholds, and the ability to monitor cloud workloads.
Artificial Intelligence Companies in the Defence Sector
23. Adarga
CEO: Rob Bassett Cross
Location: London, England
Established in the year 2016, Adarga uses state-of-the-art AI to cater to its clients in the defence, national security, and commercial sectors. With the help of machine learning and natural language processing, Adarga enables its clients to gain actionable insights from large data sets, quickly and easily.
Adarga Knowledge Platform processes, understands and extracts vital information from a large amount of data both in-house as well as open sources, connecting people and places accurately which is difficult for a human being to filter. Its ability to provide insightful and actionable intelligence at high speed and scale allows companies to make informed and better decisions.
24.Asteria Aerospace
Founders: Nihar Vartak, Neel Mehta
Location: Bangalore, India
Asteria Aerospace is a company that provides end-to-end drone solutions with the help of robotics and AI. It is focused on providing actionable intelligence from aerial data to its customers in a wide range of industries like defensce and homeland security, agriculture, GIS surveying and mapping, oil and gas and many more.
25. Improbable Defence
CEO: Joe Robinson
Location: London, UK
Improbable Defence is a software company that is focused on providing technical support to the US, the UK and the Allies. The company passionately believes that the technology will play a pivotal role in determining the winner in the event of a war.
From providing complex and extremely realistic computer simulation at a rapid scale on both sovereign soils to bandwidth-denied grounds of conflict to providing powerful analytical tools that increase situational awareness and reduced planning time, the company provides a comprehensive suite of AI-integrated solutions to its customers.
26. Raytheon Technologies
CEO: Gregory J. Hayes
Location: Arlington County, Virgin
Raytheon Technologies uses AI and machine learning to provide applications across multiple domains like cybersecurity, weather, space, national security, and intelligence. Its AI-incorporated software performs critical groundwork and data analysis that allow customers to make informed decisions.
The company’s AI-integrated platform Joint All Domain Command and Control (JADC2) uses machine learning to speed collect, analyze, and use data to make better decisions speedily and efficiently. JADC2 seamlessly connects mission-critical military platforms and systems across all fields- air, land, sea, cyber and space.
27. Rebellion Defense
CEO: Chris Lynch
Location: Washington, DC
Rebellion Defense is an IT company that specializes in building AI-powered software for the defense and security of the US, the UK and its allies. Its products like Rebellion Iris, Rebellion Dispatch and Rebellion Nova helps its customers to get a comprehensive view of the threat environment with an almost real-time view of adversary activities.
It also provides its clients with actionable insights and recommendations to strengthen the readiness of their networks in the event of an adversary attack.
Artificial Intelligence Companies in Transport Industry
28.Bosch
CEO: Stefan Hartung
Location: Gerlingen, Germany
Founded in the year 1886, Bosch specializes in mobility solutions, apart from solutions for other industries like energy and building technology, power tools and household appliances and industrial technology. Bosch Center for Artificial Intelligence is a center for AI excellence within Bosch Research. They enable Bosch to deploy cutting-edge AI technologies into products and services creating solutions that are truly “Invented for life”. The company provides AI integrated solutions like intelligent sensors, automated parking solutions, power breaks, advanced traffic management systems and more.
29. Intel Corporation
CEO: Patrick P. Gelsinger
Location: Santa Clara, CA
Intel Corporation is a leading IT company that deals in services like cloud computing, the Internet of Things (IoT) and data solutions. The company is known for providing cutting-edge software solutions.
The AI platform of the company has played a significant role in the transport industry. Intel’s Intelligent Transportation System (ITS) uses machine learning and AI to help connect vehicles, manage traffic congestions, reduce accidents and make transportation more efficient.
30. Magna
CEO: Swamy Kotagiri
Location: Aurora, Canada
Magna is one of the largest automobile companies in North America. The company has made quite a mark in the transport industry by producing next-generation automotive systems and assemblies and components for reputed manufacturers like BMW, Ford Motor Company, Mercedes, Tesla and more.
The company is focused on providing innovative and quality autonomous driving systems and solutions that are designed to meet the needs of the driver like lighting automation, cross-traffic view, surround view and automated parking.
31. Mercedes- Benz
CEO: Ola Kallenius
Location: Stuttgart, Germany
Daimler, now known as Mercedes-Benz, is one of the top players in the transportation industry and believes that AI is an essential tool needed to drive success. The company’s AI-powered systems like Drive Pilot not only takes over the driving from the drivers but also MBUX responds to natural language and follows commands like “Play my favourite song” and “I am cold, make it warmer in here”.
32. Nvidia
CEO: Jensen Huang
Location: Santa Clara, CA
Nvidia has been considered one of the top AI companies for the longest time. The company has made its mark in the field by providing an AI platform for companies in various industries like architecture, energy, gaming, restaurants, retail industry and more.
Nvidia’s DRIVE AV, the company’s AI platform is focused on creating safer and more efficient road and transportation systems. From providing self-driving robotaxis to a full stack solution for highly automated, supervised driving, Nvidia’s end-to-end AI solutions do it all.
Artificial Intelligence Companies in the Education Field
33. Blue Canoe
CEO: Sarah Daniels
Location: Bellevue, WA
Blue Canoe is an application that uses AI to help students improve their spoken English skills. It helps the students to master phonetics and rhythm through practice. The company uses scientific methods to activate parts of the brain that are open to learning languages with the methodical use of images, music and movement.
Built and worked on by experts from various prestigious institutes like Harvard, Yale and more, the app has helped over 1 million non-native English speakers to better their accents and pronunciation, allowing them to overcome the language barrier that can often hold them back professionally.
34. Cognii
CEO: Dee Kanejiya
Location: San Francisco, CA
Cognii is one of the top AI players in the education sector. The company offers top-notch AI-based solutions for education and professional training at affordable prices. Its AI solutions help students to retain information, and teachers and companies to drive productivity and acquire necessary skills. Cognii’s AI platform uses conversation as the primary mode of delivering instructions. It also uses the same method to assess the student’s comprehension and mastery of the subject.
35. Squirrel AI
CEO: Jason Wei Zhou
Location: Shanghai, China
Squirrel AI is an artificial Intelligence-based teaching system developed by a Chinese education technology company. It uses machine learning and algorithms to analyze students’ data and adapt to their individual learning needs.
The system recommends personalized learning plans, provides real-time feedback to students on their performance, and generates reports to help teachers monitor students’ progress and adjust their teaching strategies.
Artificial Intelligence Companies: Honorable Mentions
36. Baidu
CEO: Robin Li
Location: Beijing, China
With headquarters in Beijing, Baidu is one of the largest Chinese multinational companies that specializes in AI and Cloud services. Baidu uses deep learning, machine learning, language processing, video and data analysis and AI to provide its customers with Platform-as-a-Service (PaaS) and Software as a Service (SaaS) solutions. The company caters to multiple industries like transportation, finance, manufacturing and media.
Baidu provides a wide range of services like a Chinese search engine, mapping services, online encyclopaedia, cloud storage and more. It is also one of the first Chinese companies to be included in the NASDAQ 100 index.
37. Meta
CEO: Mark Zuckerberg
Location: Menlo Park, CA
One cannot compile a list of top AI companies and not mention Meta in the list. As one of the leaders in the social media market, Meta incorporates AI, machine learning and big data to provide its users with relevant, user-friendly content. The company also uses the same technology to train advertising models.
Meta platform’s artificial intelligence laboratory –Meta AI is focused on developing various forms of AI solutions and improving augmented reality, resulting in ground-breaking technology like CICERO – an AI agent that has achieved human-level performance in the strategy game Diplomacy, a first for cooperative AI.
38. OpenAI
CEO: Sam Altman
Location: San Francisco, CA
The list of top Artificial Intelligence companies again cannot be completed without the mention of Open AI. The company is an AI research laboratory which is focused on providing a friendly AI and has taken the world by storm with its products like ChatGPT and DALL.E API.
With companies like AWS, Microsoft, and Infosys investing in the company, Open AI continues to enhance its AI capabilities like natural language processing resulting in GPT-4 which is a more powerful version of GPT-3. The company has also removed the waiting list on DALL.E, allowing artists all over the world to add and refine its algorithm.
39. SentinelOne
CEO: Tomer Weingarten
Location: Mountain View, CA
SentinelOne is a cybersecurity company that uses AI and machine learning to secure personal computers, IoT devices and cloud platforms. The company’s AI-powered platform –Singularity XDR prevents, detects and responds to cyber threats across all attack surfaces at a higher scale with greater accuracy.
The company is laser-focused on using machine learning to evolve its defense system to detect and deflect cyber-attacks , no matter how sophisticated. And with companies like Samsung, Hitachi, Estee Lauder and Aston Martin among its clients, one can be assured of its efficiency.
40. Tencent
CEO: Ma Huateng
Location: Shenzhen, China
Tencent is a multimedia giant and one of the largest social media companies to come out of China. The company has its own AI Lab that is focused on the evolution of AI. Tencent uses machine learning and Social AI for intelligent assistance and customer service in China’s popular social media platforms like WeChat and QQ.
Tencent’s Game AI and Content AI have helped its customers to avail quality digital content and have propelled the company as one of the top gaming companies in its field.
41. Tesla
CEO: Elon Musk
Location: Austin, TX
When you think of an electric car, the first word that pops into your head is Tesla. The company is a world leader in the field of electric cars, but the real reason that Tesla has reached these heights is because of its innovative technology solutions.
With over 500,000 Tesla cars on the road, the company uses Big Data and AI to constantly interpret images from their sensors and machine cameras to compile data and then use that information to calculate its next move, and all of this is done within a fraction of a second. Known as “imitation learning”, the AI learns from the reaction, decision-making, and movement of the thousands of Tesla drivers. This has helped turn Tesla’s cars into one of the smartest autonomous cars in the market.
Wrapping up
With this, we come to the end of the list of the top 41 Artificial Intelligence companies that are the masters of their sea and have changed our lives with AI and machine learning capabilities.
If you have any companies in your mind that should be added to the list, please let us know in the comments section.
Disclaimer: The information provided in this article is solely the author’s opinion and is not an investment advice– it is provided for information purposes only. The companies have been listed alphabetically and does not represent any ranking as such.