Much touted as a science fiction for decades, Artificial Intelligence (AI) has become a global reality and is one of the most important innovations in today’s digital world. Indeed, AI is being leveraged by businesses more than ever before. While banks are using it to empower their digital force, telecommunication companies are setting up smart chatbots to enhance customer service and consumer electronic firms are powering their gadgets with cutting-edge features through artificial intelligence. Needless to say, the top artificial intelligence companies in the world are bringing AI technology for a myriad of applications for multiple industries
Global Artificial Intelligence (AI) Market Analysis
Artificial intelligence is being embraced by several industries including manufacturing, automation, finance, agriculture, education, healthcare, and other industry verticals. Big companies like IBM, Amazon Web Services, and Siemens are funding AI startups and are also merging and acquiring small AI companies. A comprehensive market research report compiled by industry experts at Technavio predicts the global artificial intelligence (AI) market to grow at an impressive CAGR of more than 50 % over the next five years. This immense growth will be supported mostly by countries in Americas that contribute a majority of the global artificial intelligence market share, thanks to the high investment capabilities of the manufacturing, entertainment, and healthcare companies in the region.
For the latest artificial intelligence market report, global artificial intelligence market size, top artificial intelligence companies and future trends in this market please see Technavio’s Global Artificial Intelligence (AI) Market Report 2019-2023, or download your FREE Global Artificial Intelligence Market Report Sample now!
Top 10 Artificial Intelligence Companies in the World 2019
Amazon Web Services
Amazon, as one of the world’s top artificial intelligence companies, has been investing deeply in Artificial Intelligence and Machine Learning for more than two decades. Today, the AI and MI technology powers several of Amazon’s internal systems including the path optimization in their fulfillment centers, Echo powered by Alexa, Amazon.com’s recommendations engine, Amazon Go, and their drone initiative Prime Air. Amazon Web services (AWB) offers enterprises a range of AI services including Amazon Lex; that provides deep learning functionalities of natural language understanding (NLU) and automatic speech recognition (ASR), Amazon Polly; that turns text in lifelike speech, Amazon Rekognition; that analyzes billions of images, Amazon Machine Learning; that helps developers to use machine learning technology and the most popular Amazon SageMaker.
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With a belief that artificial intelligence and machine learning will transform the world dramatically in the years to come, IBM Research has been exploring these technologies for decades. The company is advancing the field via its portfolio of research based on three areas: a platform for business, human level intelligence, and hardware and the physics of AI. In order to bring visibility of AI technology for enterprises, IBM recently announced a cutting-edge service called AI OpenScale. IBM AI OpenScale helps enterprises to operate and automate artificial intelligence at scale. Available later this year through the IBM Cloud and IBM Cloud Private, it infuses AI technology with trust and transparency, explains consequences, and automatically eliminates bias.
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Siemens is one of the world’s top artificial intelligence companies that focuses on the areas of energy, electrification, digitization, and automation. The company is also one of the largest producers of resource-saving and energy efficient technologies and a leading provider of devices and systems for medical diagnosis, power generation, and transmission. Siemens has been consistently reaping the benefits of potential offered by artificial intelligence with new services offering that allow enterprises to boost their efficiency and productivity. Today, the company has more than 200 experts working in neural networks and data analytics with a current focus on areas such as deep learning and reinforcement learning. Siemens is using artificial intelligence to optimize industrial facilities for applications such as electric motors, energy distribution, and rail technology.
Formerly known as Google Research, Google AI is a development branch for Google’s AI applications and one of the world’s best artificial intelligence companies. Google has always been at the forefront of innovations in all its endeavors including artificial intelligence. The tech giant continues to develop AI in all its products including Google Assistant; a voice assistant for Android devices, Google Auto ML vision; a builder of machine learning models for image recognition, DeepMind; a segment for developing artificial general intelligence (AGI) and deep learning technology, and TensorFlow – a framework to run deep learning and machine learning including AI accelerators. In Google I/O 2018, Google showcased its new AI-powered products such as Google Lens and Google Duplex and promised improvements in its existing products using artificial intelligence.
Omron Adept Technologies
Founded in 1983, Omron Adept Technologies is one of the world’s top artificial intelligence companies and providers of intelligent robotics systems and services for the industries including pharmaceuticals, food processing, telecommunications, electronics, appliance s and automotive components. Omron Adept is most recognized for its heritage of innovation. The company has invented a range of technology-driven systems including automated traffic control systems, a distance warning device for automobiles, facial recognition sensing and automated cash dispenser. Artificial Intelligence is an integral part of Omron’s core technology “Sensing & Control + Think”. For instance, FORPHEUS, the AI-equipped robot that works in harmony with humans to enhance human capabilities.
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Based in California, US, AIBrain is one of the leading artificial intelligence companies that build AI solutions for robotics applications and smartphones. The company is dominating the artificial intelligence industry with three of its groundbreaking products such as AICoRE; the AI agent that simulates human intelligence across the spectrum of problem-solving, Futurable; an AI game that consists of fully autonomous AI characters, and iRSP, an intelligent robot software platform. AIBrain is increasingly focusing on developing artificial intelligence that is infused with the human skill set of learning, memory, and problem-solving.
Apple, the smartphone powerhouse was the first technology company that brought artificial intelligence in the mobile devices in 2011, when it launched Siri, the voice assistant feature on the iPhone. Although Apple has been struggling to become one of the powerhouses in the artificial intelligence market, the company is positioning itself with the new capabilities through acquisitions. Apple has acquired four AI startups over the past two years as part of its big step in the artificial intelligence industry. One of these startups became the foundation factor for FaceID, a facial recognition security system. The company recently hired former Google’s head of AI; John Giannandrea, which will complement its efforts in the artificial intelligence sphere.
Facebook, which has long been dominating the social media networking landscape is making nascent efforts in the field of machine learning and artificial intelligence. Needless to say, artificial intelligence has become an integral component for scaling Facebook and the company has understood it well. Facebook says it has tripled its investment for Facebook Research and has appointed more than 150 experts devoted entirely to the AI field. The company currently has three AI research labs across New York, Paris, and Menlo Park. Facebook recently introduced DeepText, an engine for reading text in more than 20 different languages. Facebook AI is already being used to curate the newsfeed and recognize faces in photographs.
Microsoft, a powerhouse of information technology is bringing artificial intelligence to the masses through numerous Microsoft tools including Skype video chats, Cortana voice apps, bot payments, Azure bot service, Bing customized search, custom vision service and many more. Microsoft AI researchers are harnessing the explosion of computational power and digital data with advanced algorithms to strengthen the natural interactions between machines and people. The company is planning to invest US$ 40 million to integrate AI for humanitarian action, followed by a US$ 25 million pledge in AI for accessibility and a US$ 50 million investment in AI for Earth.
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Founded in 2010, Anki is one of the leading artificial intelligence companies that bring AI and consumer robotics to people. The company creates consumer entertainment products and services using technology that was once limited to research institutes and robotics labs. Anki’s first product ‘Anki Drive’ was unveiled in 2013 on Anki.com and Apple.com. The racing game combines iOS app with physical race cars and each car is equipped with artificial intelligence, wireless chips, motors, and optical sensors.
Top AI Trends to Watch in 2019
Virtual Assistant is gaining immense popularity across the world and their capabilities and usage are expanding rapidly with new products entering the global market in a frequent market. A virtual assistant is a software agent that uses artificial intelligence (AI) chips to perform tasks for an individual. According to industry experts at Technavio, the usage of virtual assistant products including Google Assistant, Apple’s Siri, Microsoft Cortana, and Amazon Alexa is growing at an unprecedented rate across the United States and worldwide. The growing demand for products powered by the virtual assistant is triggering the growth of the global AI market.
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