There is no denying that artificial intelligence has reached the pinnacle where it has become a core ingredient across almost all avenues of computing. Today, AI is used in all aspects of routine life, from home to businesses and in between.
According to an estimate, AI is poised to grow to $126 billion by 2025. As a result, more and more companies are stepping into applying technology to almost all of their operations. Some of these companies are designing AI-backed tools that have the potential to unleash even more algorithmic innovations in the future.
With that, we are going to reveal some of the best AI companies that are making big in the industry and are off on a super-innovative expedition.
1. Open AI
We are witnessing the dawn of the golden age of Artificial Intelligence, and it would be unfair to vote out Open AI, which is one of the most prominent AI companies out there. Open AI was founded in 2015 as a non-profit AI research lab by Elon Musk, and others. However, now it consists of a for-profit corporation.
This company conducts key research towards creating safe and long-term artificial generation intelligence. It is a research and deployment company, which has been wooing people with its innovative releases.
For example, AI image generator Dall-E 2 improves upon its predecessor by offering a high-resolution Text-to-image AI model. Images generated with this tool are approximately five times more realistic and accurate than its predecessor.
What’s more, it offers an innovative tool, ‘Outpainting,’ which allows extending existing images beyond their original borders. The most powerful tool yet, that has swooped all the attention worldwide is OpenAI’s natural-language processor tool, GPT-3.
This tool generated detailed responses to prompts, allowing users to use GPT-4; however, is the most powerful by far and it is expected to become even more powerful in the upcoming years.
Just a disclaimer, these tools only function when they are connected to an internet connection, especially one that offers unlimited data. We feel obliged to suggest subscribing to a package offered by Spectrum.
It includes unlimited data and also comes with My Spectrum App, which allows you to connect to its hotspots available nationwide.
The next on the list is DeepMind, a company that began as a London-based startup, and ended up tackling science’s one of deepest mysteries, the structure of proteins. It was established in 2010, but it was acquired by Google in 2014.
Recently, DeepMind released AlphaFold, an AI system that predicts the 3D structure of a protein from its amino acid sequence. It can create an AlphaFold Protein Structure Database to share information with the scientific community.
In 2022, the tool assessed and added more than 200 million new proteins to its database, offering scientists a huge opportunity to work in drug and vaccine discovery.
Builder.AI is a prominent company founded in 2012 in San Francisco, CA, that offers a no-code app development platform, creating software that is approximately six times faster and 70% faster than humans could.
This AI-powered software helps build and operate software projects. Small businesses, enterprises, and entrepreneurs, all can use the platform to scale their software without requiring technical expertise.
Last year, the company launched Natasha, which is a project manager bot that helps guide customers through the app-building process.
4. Stability AI
Another prominent company that is making big with AI is Stability AI. It is fairly a new company, founded in 2019 and based in London. It is an AI-driven visual art startup designing and implementing an open AI tool to create images based on text input.
It can develop open AI models for image, language, video, audio, and 3D. The company funds the development of open-source music and image-generating systems.
In conclusion, the world of artificial intelligence (AI) is rapidly evolving, and in 2024, several standout companies are at the forefront of innovation. Open AI, DeepMind, Builder.AI, and Stability AI are making significant strides in various AI applications, from natural language processing to protein structure prediction and no-code app development. As AI continues to integrate into our daily lives, these companies are poised to drive even more groundbreaking advancements in the field, ushering in a new era of technological possibilities.