There is no reason and no way that a human mind can keep up with an artificial intelligence machine by 2035. - Gray Scott
Data reveals that the Artificial Intelligence industry is growing rapidly and is expected to reach 126 billion U.S. dollars by 2025. But, what are the leading companies contributing to the AI world?
That we’ll find out today.
In this article, I’ll give you an overview of the 5 top Artificial Intelligence companies that are leading the market. Furthermore, with this article I am opening a new blog section dedicated to investing in the Artificial Intelligence.
1. Microsoft
Microsoft is one of the most successful technology companies, popular for its Windows Operating Systems, software products, and the Internet Explorer web browser. The company launched its AI platform back in 2002 and has been playing a part in AI development ever since.
The AI platform of Microsoft provides resources and services for developing AI solutions in data sciences, robotics, IoT, machine learning, and much more.
2. Alphabet
Alphabet is the parent company of Youtube & Google and uses AI technologies everywhere in its systems, be it Youtube, Google, and other app algorithms or email filters & content promotion.
Another point to note is that Alphabet is also the parent organization of Waymo, an autonomous driving technology development company.
The company launched its AI-based driverless taxi service in 2020. Not just that, Alphabet also powers DeepMind, an AI research laboratory as well as an artificial intelligence company that builds computer programs.
3. Amazon
Another notable addition to the list is Amazon, the largest online shopping website in the world, with a 50% market share as of 2020. Amazon is also popular for its web services (called AWS) and offers AI solutions like chatbots, text analytics, automated code, etc, to its AWS cloud customers.
Not just that, one of Amazon’s popular products, Alexa, is based on AI technology. It offers voice interaction, voice-based alarm settings, traffic information, weather forecasting, and much more.
4. Nvidia
Nvidia is one of the largest companies contributing to the AI world. It’s a multinational technology company focused on manufacturing chips and graphics cards for smartphones, laptops, and desktop computers.
Ever since its inception, Nvidia has launched various AI products and technologies that helped take its graphics-oriented products to the next level. A notable AI achievement of Nvidia is its DGX supercomputers that are backed by advanced deep learning and accelerated analytics to provide unparalleled performance.
Nvidia’s Titan V, the most powerful desktop GPU to date, is also backed by an advanced AI infrastructure to provide maximum graphics capability. This enables Nvidia-powered GPUs to offer top-tier graphics design and gaming experiences to the users.
5. Grammarly
Grammarly is one of the most popular grammatical tools on the internet. Data reveals that Grammarly raised over $200 million in 2021 as annual revenue. Plus, its revenue is expected to grow further, with each passing year.
What sets Grammarly apart from other grammar checker tools is its advanced AI functionalities, making it close to a human-based editor.
According to Grammarly, its system combines natural language processing, deep learning, machine learning, and other artificial intelligence technologies to power its program. The company uses high-quality training data for its system to learn from and perform accordingly.
This makes Grammarly a significant AI platform on the market. The best part is that Grammarly is consistently making efforts to make its tools more advanced to make them as accurate as possible.
Final Words
The AI market is growing rapidly with every passing year. It’s not uncommon to see the top technology corporations use AI-based products and systems in their processes and services. As an investor, you should definitely consider the option to invest in this evolving industry.
Hope this was useful for you! Please note that the above content is not an investment advise and shall be considered only for informative purpose.
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