Artificial intelligence (AI) is one of the fastest-growing technologies in the world. From healthcare and banking services to retail and eCommerce, artificial intelligence is being used in almost every industry today.
In fact, the number of businesses adopting artificial intelligence grew by 270% between 2015-2019. The global AI market is expected to reach $267 billion by 2027, up from $27.23 billion in 2019.
The world’s largest companies have already realized the potential of artificial intelligence and are investing heavily in it.
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Top AI Companies in the World
With over $1.55 Trillion of market cap, Amazon is one of the world’s largest companies. Even in terms of artificial intelligence, Amazon is not behind. It uses AI on both the consumer-side and its backend applications.
Here are some ways Amazon uses artificial intelligence:
- Provide customized recommendations to its customers using their browsing history and past purchases.
- Better understand their customers’ search queries and predict the context.
- To power its virtual assistant device: Alexa.
- Run its cashier-less grocery store while ensuring a great customer experience.
- Machine learning services to businesses via Amazon Web Services (AWS).
At $2.08 Trillion, Apple is the world’s largest company in terms of market cap. Apple has a dedicated hardware for machine learning in most of its devices. Apple has also acquired several AI startups in recent years, Xnor.ai, Inductiv Inc., Vilynx, to name a few.
Here are some ways Apple uses artificial intelligence:
- Facial recognition for Apple Homekit, a smart home solution. The Homekit-enabled security cameras can use photos on a user’s phone to identify people when they are at the door. It can even read the name of the person at the door loud.
- In the latest iPadOS update, when users write something using the Apple Pencil, the iPad can understand the scrawl and convert it into typed text.
- To power its voice assistant, Siri.
- Understand the way people use their Apple devices and improve their products.
Tesla is one of the fastest-growing automobile companies, thanks to Elon Musk. Tesla uses artificial intelligence to create self-driving cars. It continuously trains its AI models to identify objects, signs, and signals better to ensure a smooth experience for car owners.
Initially, Tesla collaborated with NVIDIA for AI-integrated chips. However, the company now decided to create its own chips to ensure that the cars can navigate through local streets, freeways, and traffic.
DJI is a Chinese technology company that sells drones. With a valuation of $15 billion, the company has a 70% market share in the drone market. Its latest drones use artificial intelligence and image recognition to identify and avoid objects.
The company has already started building teams to work on self-driving car technologies and robotics. DJI had also partnered with Microsoft for AI drones in 2019.
Facebook is the largest social media platform with more than 2.7 billion active monthly users (as of Q4 2020). Facebook has a dedicated AI research group known as FAIR. The group is responsible for advancing in machine intelligence to provide people with better communication methods and make Facebook a safer place.
Here are a few ways Facebook uses artificial intelligence:
- Enable users to translate posts to their regional language.
- Improve image recognition software and make it easier for users to tag their friends.
- Identify which ads violate their advertising policies and ban them.
- To extract meaning from words, we post using DeepText.
One of the biggest tech giants, Google, uses artificial intelligence to improve its services and make the world a better place. There are several ways that Google uses AI. Here are some of them:
- Ensure users get the best possible results for their queries on its search engine.
- Smart Bidding to help advertisers get the best possible results from their investments.
- Suggest replies that match your style and the email that you received.
- Present short and highly related parts of a video when you search for something on its search engine.
- Allow you to perform several tasks using voice assistant, such as place calls, take screenshots, find a restaurant, and more.
NVIDIA is one of the longest-established AI companies in the world. It creates AI-powered GPUs to build intelligent machines that can understand our language and learn from examples.
However, the company is not into only graphics for computers. The company is also active in healthcare, robotics, drones, and self-driving cars. In healthcare, NVIDIA uses GPU-powered deep learning to speed up the analysis of medical images. For automobile companies, it offers scalable AI car computers for self-driving cars.
The most popular company globally, Microsoft, uses AI on both the consumer and business sides. Microsoft’s digital assistant, Cortana, is competing directly with Siri, Alexa, and Google Assistant.
Businesses who want to create their own intelligent tools can also use Microsoft’s AI framework called the Microsoft AI platform. It comprises specialized packages, such as Microsoft Cognitive Toolkit, Microsoft Bot Framework, and Microsoft Cognitive Services. You can use these packages to deploy AI and machine learning using the Azure cloud computing platform.
Twilio is a cloud communications platform as a service company. It allows businesses to communicate via texting, audio call, video call, and emails. They also enable businesses to create a conversational AI interface to bridge the gap between human agents and self-service bots.
Its Autopilot uses speech recognition and Natural Language Processing (NLP) to interpret conversations and determine your user’s intent and accomplish specific tasks based on their goal.
Founded by two ex-Google engineers, Nuro is a robotics company that aims to solve challenges on a global scale using the power of robots and artificial intelligence. Nuro has also created a self-delivery vehicle that will transport goods instead of passengers.
Nuro is the first company to receive exemptions for testing self-delivery cars on public roads without having controls for human operators. Companies like Walmart and Domino’s have already partnered with Nuro to deliver their products to their customers.
Grammarly is a digital writing assistance tool that helps people correct all grammar errors and enhance their copy. It uses artificial intelligence and natural language processing to improve any text.
With an estimated revenue of $73.2 million per year, Grammarly is one of the largest AI-powered writing assistance tools. Grammarly’s AI system combines machine learning with a variety of natural language processing approaches to process the copy.
Grammarly checks characters and words through grammatical structures and sentences. It also helps you ensure your content is easy to understand and makes it concise.
Qualcomm is one of the biggest chip manufacturers that uses artificial intelligence to improve its products’ performance. Qualcomm’s chips use a signal processor for AI speech, audio, and image functions.
Qualcomm Snapdragon chip is one of the most powerful processors in the mobile market. It powers popular smartphones like Samsung, OnePlus, and Xiaomi. In fact, Snapdragon is one of the key deciding factors of choosing a high-end gaming phone.
DeepMind is an artificial intelligence company that aims to build computer systems that can find solutions to complex problems on their own. Google acquired DeepMind in 2014.
DeepMind has created a neural network that learns how to play video games in a similar fashion to that of humans. It applies its research to Google products and infrastructure to ensure safety and improve its performance.
Banjo is an artificial intelligence-based startup that uses social media to identify real-time events and situations that might help prevent terrorist attacks. It was founded after the tragic bombings of the Boston Marathon in 2013.
Banjo’s software can perform two quadrillion calculations on the hundreds of thousands of geo-tagged mobile posts each minute. Simultaneously, the software does linguistic and topic analysis, geo-data analysis, photo, video classification, and some 30,000 sorts of computation.
Banjo was the first outlet to report the wounding of three people in an FSU library shooting. It did that after its software recognized a tweet sent after 12:30 AM from a location near the Florida State University campus in Tallahassee.
Last but not least, DataRobot is an end-to-end enterprise AI platform that converts raw data into actionable insights. It allows you to build, deploy, and maintain AI-driven applications at an enterprise scale.
DataRobot also enables businesses to predict and optimize outcomes and support critical decisions. DataRobot helps a variety of AI creators harness the power of artificial intelligence, including data scientists, data engineers, business analysts, and software developers.
Artificial intelligence is a rapidly growing industry. From startups to large enterprises, AI is helping transform the way people do business and use their services. The 15 artificial intelligence companies mentioned above will likely make our lives better in the coming years.
Did we miss any top artificial intelligence companies? Let us know in the comments!