Artificial intelligence has exploded in the past few years, with dozens of AI startups and major AI initiatives by big name firms alike. The New York Times estimates there are 45 AI firms working on chips alone, not to mention the dozens of AI software companies working on machine learning, deep learning and AI projects.
AI is driving significant investment from venture capitalist firms, giant firms like Microsoft and Google, academic research, and job openings across a multitude of sectors. All of this is documented in the AI Index, produced by Stanford University's Human-Centered AI Institute.
See our picks for top artificial intelligence startups.
For example, from January 2015 to January 2018, the number of active AI startups increased 113%, while all active startups increased just 28%. "For the most part, growth in all active startups has remained relatively steady, while the number of AI startups has seen exponential growth," wrote the report's authors.
Another key measure, job openings, has accelerated in the AI space. While machine learning is the largest skill cited as a requirement, deep learning is growing at the fastest rate: from 2015 to 2017 the number of job openings requiring deep learning increased 34-fold, the report states.
Consulting giant Accenture believes AI has the potential to boost rates of profitability by an average of 38 percentage points and could lead to an economic boost of US$14 trillion in additional gross value added (GVA) by 2035.
In truth, artificial intelligence holds a plethora of possibilities – and risks. “It will have a huge economic impact but also change society, and it's hard to make strong predictions, but clearly job markets will be affected,” said Yoshua Bengio, a professor at the University of Montreal, and head of the Montreal Institute for Learning Algorithms.
To keep up with the AI market, we have updated our list of top AI companies playing a role in shaping the future of AI and its capabilities. We feature artificial intelligence companies that are particularly noteworthy as well as those that have invested significantly in artificial intelligence. These AI companies are listed alphabetically.
- Building the Right Environment to Support AI
- Forrester Wave: Machine Learning Data Catalogs
- AI for Executives: Integrating AI into Analytics
- Harvard Business Review: The Risks and Rewards of AI
- Making Sense of AI
- The Artificial Intelligence of Things
Top Artificial Intelligence Companies
The leading companies in the AI sector – please let us know of any significant artificial intelligence companies that you think we missed and leave a note in the Comments section below.
AEye builds the vision algorithms, software and hardware used to guide autonomous vehicles. Its LiDAR technology focuses on the most important information in a vehicle’s sightline, such as people, other cars and animals, while putting less emphasis on things like the sky, buildings and surrounding vegetation.
AIBrain is an artificial intelligence company that builds AI solutions for smartphones and robotics applications. It has three products: AICoRE, the AI agent; iRSP, an intelligent robot software platform; and Futurable, a future simulation AI game where every character is a fully autonomous AI. The focus of their work is to develop artificial intelligence infused with the human skill set of problem solving, learning and memory.
AlphaSense is an AI-powered search engine designed for investment firms, banks, and Fortune 500 companies focused on searching for important information within earnings call transcripts, SEC filings, news, and research. The technology uses artificial intelligence to expand keyword searches for relevant content.
The online retail giant offers both consumer and business-oriented AI products and services and many of its professional AI services are built on consumer products. Amazon Echo brings artificial intelligence into the home through the intelligent voice server, Alexa. For AWS, the company has three primary services: Lex, a business version of Alexa, Polly, which turns text to speech, and Rekognition, an image recognition service.
Anki is dedicated to bringing consumer robotics into everyday life through its Cozmo and Anki Overdrive products. Cozmo is Anki’s flagship robot. Cozmo has been described as one of the most sophisticated consumer robots to date due to its emotional responses while Overdrive is a car racing game complete with track.
6) Blue River Tech
Blue River Tech is a subsidiary of Deere & Co. that combines artificial intelligence and computer vision to build smart farm tech. For example, its See & Spray technology can detect individual plants and apply herbicide to the weeds only. This reduces the amount of chemicals sprayed by up to 90% over traditional methods.
Casetext is an AI-powered legal search engine specializing in legal documents, with a database of more than 10 million statutes, cases, and regulations. A recent study comparing legal research platforms found that attorneys using Casetext’s CARA A.I. finished their research 24.5% faster, required 4.4 times fewer searches to accomplish the same research task, and rated the cases they found to bw 20.8% more relevant than those found on a legacy research tool.
CognitiveScale builds customer service AI apps for the healthcare, insurance, financial services and digital commerce industries. Its products are built on its Cortex augmented intelligence platform for companies to design, development, delivery, and manage enterprise-grade AI systems. It also has an AI marketplace, an online AI collaboration system for business experts, researchers, data scientists, and developers to solve problems.
Clarifai is an image recognition platform that helps users organize, filter, and search their image database. Images and videos are tagged, teaching the technology to find similarities in images.
CloudMinds develops the Human Augmented Robotics Intelligence (HARI) platform for robots, what it calls an end-to-end cloud intelligence (CI) system. CI combines the machine with humans, allowing the robot to be controlled by human beings if need be.
DataRobot provides data scientists with a platform for building and deploying machine learning models. The software helps business analysts build predictive analytics with no knowledge of Machine Learning or programming and uses automated ML to build and deploy accurate predictive models quickly.
DataVisor uses machine learning to detect fraud and financial crime detection, utilizing unsupervised machine learning to identify attack campaigns before they conduct any damage. DataVisor protects companies from attacks such as account takeovers, fake account creation, money laundering, fake social posts, fraudulent transactions and more.
A Google company, Deepmind is a research firm that focuses entirely on AI research covering everything from climate change to health care and finance. The firm is based in London and recruits heavily from Oxford and Cambridge, which are leading universities in Europe for AI and ML research.
Freenome uses artificial intelligence to conduct cancer screenings and diagnostic tests to spot signs of cancer earlier than possible with traditional testing methods. It uses non-invasive blood tests to recognize disease-associated patterns.
Google, clearly a leader in AI, is on a massive AI acquisition binge, having acquired 12 AI startups in four years. Google is deeply invested in furthering artificial intelligence capabilities. Rather than selling a product to the market, Google’s AI efforts are all oriented toward improving its services. It has a major software project in TensorFlow as well as its own Tensor AI chip project.
Graphcore makes what it calls the Intelligence Processing Unit (IPU), a processor specifically for Machine Learning and to build intelligent machines. The IPU’s unique architecture allows developers to run current machine learning models orders of magnitude faster and undertake entirely new types of work not possible with current technologies.
H2O.ai provides an open source machine learning platform that makes it easy to build smart applications. Used by more than 100,000 data scientists at more than 12,600 organizations worldwide, H2O claims to be "the world's leading open source deep learning platform." H20.ai provides solutions for insurance, healthcare, telecom, marketing, financial service, retail, and manufacturing.
IBM has been a leader in the field of artificial intelligence since the 1950s. Its efforts these days are around IBM Watson, such as a AI-based cognitive service, AI software as a service, and scale-out systems designed for delivering cloud-based analytics and AI services. It too has been acquisitive, purchasing three AI startups in recent years.
iCarbonX is a Chinese biotech startup which uses artificial intelligence to provide personalized health analyses and health index predictions. It has formed an alliance with seven technology companies from around the world that specialize in gathering different types of health-care data, and will use algorithms to analyze genomic, physiological and behavioral data and provide customized health and medical advice.
Intel has both hardware and software AI initiatives in the works. Its Nervana processor is a deep learning processor while Movidius is geared toward neural networks and visual recognition. Intel is also working on natural language processing and deep learning through software and hardware.
21) Iris AI
Iris AI helps researchers sort through scientific work and research to find the relevant information, and as it is used, it learns how to make better searchers. Since its launch, 120,000 people have tried the service, some becoming regular users. It recently released Iris.ai 4.0, which adds the Focus tool, an intelligent mechanism to refine and collate a reading list of research literature, cutting out a huge amount of manual effort.
Lobster is an AI-powered platform that helps brands, advertisers and media outlets find and license user-generated social media content by scanning major social networks and several cloud storage providers for images and video, using AI-tagging and machine learning algorithms to identify the most relevant content. It then provides those images to clients for a fee.
Microsoft has a mix of consumer-facing and business/IT AI projects. On the consumer side it has Cortana, the digital assistant that comes with Windows and now is available for smartphones other than Windows Phone and the chatbot Zo that talks like a teenager. On its Azure cloud service, Microsoft has AI services such as bot services, machine learning and cognitive services.
24) Narrative Science
Narrative Science creates natural language generation technology to translate data from multiple silos into what it calls stories. AI highlights only the most relevant and interesting information, to turn data into easy-to-understand reports, transforms statistics into stories, and converts numbers into knowledge.
Instead of self-driving cars, Nauto is an AI-technology designed to improve the safety of commercial fleets today as well as autonomous fleets by assessing how drivers interact with the vehicle and the road ahead to reduce distracted driving and prevent collisions.
Neurala develops The Neurala Brain, a deep learning neural network software that makes devices like cameras, phones and drones smarter and easier to use. AI tends to be power-hungry but The Neurala Brain uses audio and visual input in low-power settings to make simple devices more intelligent.
27) Next IT
Next IT, now part of Verint, is one of the pioneers in customer service chatbots. It develops conversational AI for customer engagement and workforce support on any endpoint. The company’s Alme platform powers natural language business products that are continually enhanced through A.I.-powered tools that empower human trainers to assess performance and end-user satisfaction.
Nvidia’s emergence as an AI leader was hardly overnight. It has been promoting its CUDA GPU programming language for nearly two decades. AI developers have come to see the value in the GPU’s massively parallel processing design and embraced Nvidia GPUs for machine learning and artificial intelligence. One area Nvidia is making a big push is in self-driving cars, but it is one of many efforts.
Human Resources can be a bifurcated place, with different apps for each task HR handles. OneModel is a talent analytics accelerator that helps HR departments handle employees, career pathing, recruiting, succession, exits, engagement, surveys, HR effectiveness, payrolls, planning, and others, all in one place and in one uniform way.
OpenAI is a non-profit research firm that operates under an open source type of model to allow other institutions and researchers to freely collaborate, making its patents and research open to the public. The founders say they are motivated in part by concerns about existential risk from artificial general intelligence.
31) Orbital Insight
Orbital Insight uses satellite geospatial imagery and artificial intelligence to gain insights not visible to the naked eye. It uses data from satellites, drones, balloons and other aircraft to look for answers or insight on things related to the agriculture and energy industries that normally wouldn’t be visible to human eyes.
Phrasee specializes in natural language generation for marketing copy. Its natural language generation system can generate millions of human-sounding variants of marketing at the touch of a button, allowing customers to tailor their copy to targeted customers.
Pointr is an indoor positioning and navigation company with analytics and messaging features to help people navigate busy locations, like train stations and airport terminals. Its modules include indoor navigation, contextual notifications, location-based analytics and location tracking. Its Bluetook beacons use customer phones to help orient them around the building.
Over the past two years, Salesforce has acquired three AI companies and recently announced Salesforce Einstein, their artificial intelligence service. Their latest initiative, which includes a team of 175 data scientists, uses machine learning to help employees more efficiently perform tasks by simplifying and speeding them up. In addition to Salesforce’s own employees, Einstein will be available for customers who can build their own applications.
SenSat builds digital copies of physical environments and applies AI modeling to help understand the parameters of that environment and provide valuable feedback. For example, it can give spatial and volume statistics about a roadway that is about to undergo repair work.
Sherpa is a virtual personal assistant that works with a user’s entire array of devices, inferring and predicting their needs that allow the assistant to learn about the users and anticipate their needs before they ask. It works with a number of consumer devices and any accessory that could use some kind of intelligence.
Siemens focuses on areas like energy, electrification, digitization, and automation, as well as resource-saving and energy efficient technologies and a leading provider of devices and systems for medical diagnosis, power generation, and transmission.
38) Sift Science
Sift Science provides multiple fraud management services in one platform. Sift uses thousands of data points from around the web to train in detecting fraud patterns.
Tamr is an enterprise data unification company that is cost-effective, scalable, and accessible to any enterprise. It specializes in using AI to connect and integrate diverse data at scale, quickly and cost effectively.
Tempus uses AI specifically to fight cancer. It gathers and analyzea massive pools of medical and clinical data at scale to provide precision medicine that personalizes and optimizes treatments to each individual’s specific health needs.
One of the largest social media companies to come out of China, they recently founded an AI lab which developed tools to process information across its ecosystem, including natural language processing, news aggregators and facial recognition. They also have one of China’s top video streaming platforms, Tencent Music.
Twilio is a cloud communications platform as a service (PaaS) company that allows software developers to integrate text messages, phone calls, and video calls into applications through the use of various APIs. Twilio's services are accessed over HTTP and are billed based on usage.
ViSenze’s artificial intelligence visual recognition technology works by recommending visually similar items to users when shopping online. Its advanced visual search and image recognition solutions to help businesses in eCommerce, mCommerce and online advertising by recommending visually similar items to online shoppers.
Geared for busy users, x.ai’s intelligence virtual assistant Amy helps users schedule meetings. The concept is simple — if you receive a meeting request but don’t have time to work out logistics, you copy Amy onto the email and she handles it. Through machine learning and natural language processing, Amy schedules the best time and location for your meeting based on your preferences and schedule.
45) Zebra Medical Vision
Zebra Medical Systems is an Israeli company that applies deep learning techniques to the field of radiology. It claims it can predict multiple diseases with better-than-human accuracy by examining a huge library of medical images and a specialized examination technology. It recently moved its algorithms to Google’s cloud to help it scale and offers $1 medical scans.