Invest in your future by investing in Artificial Intelligence sector

Artificial Intelligence is continuously innovating our industries and changing the way we live. It is no secret that anything that attracts attention and becomes an innovation quickly penetrates the stock market. 

The United States has around 2000 AI companies in total. Last year, the global artificial intelligence market was valued at $93.5 billion and is expected to grow at 38% annually through 2030. 

The main factors pushing the growth of this market are the increasing demand for artificial intelligence-based services from industries such as retail and e-commerce, healthcare, automotive and others. As AI continues to transform various industries, there is a growing need for AI solutions and services. 

As an investor, one should always be aware of the news of industries and products that are rapidly gaining popularity. Let us look at few AI based companies that have a high potential of capturing the market segment.  

DataRobot 

Based in Boston and valued at $6.3 billion, DataRobot was founded in 2012. DataRobot is one of the most widely deployed AI platforms in the world, delivering over 1.4 trillion predictions for leading businesses. Over the next ten years, DataRobot’s mission is to extend the value of AI to business-critical applications and services that are trusted by all. 

The company specialises in allowing business analysts to build predictive analytics without needing to learn programming or have prior knowledge of machine learning. DataRobot is being used in a wide range of sectors such as universities, healthcare, and financial services. 

CloudMinds 

CloudMinds was founded in California during the beginning of 2015. The company is based in Beijing, China and California but operates across the globe. CloudMinds operates cloud systems for AI based robots, focusing on machine learning, intelligence terminals and robotic control units.  

CloudMinds technology has been used throughout a variety of industries such as healthcare, finance, and the military. The CloudMinds vision is that by 2025, helpful humanoid robots will be affordable for the average household. The vision also includes creating a new kind of venture with the unique international character that earns and keeps the trust of people and markets everywhere. 

Scale AI 

Founded in 2016, with headquarters in San Francisco, Scale AI focusses on developing AI applications by helping machine learning teams generate high quality ground data. The company produces high quality training data for AI applications such as self-driving cars, mapping, AR/VR, and robotics. 

Scale AI’s speciality includes Computer Vision, Data Annotation, Sensor Fusion, Machine Learning, Autonomous Driving, APIs and many more. 

AEye 

AEye was founded during 2013 in California, this artificial intelligence company provides a variety of services, such as developing vision hardware and algorithms for self-driving vehicles. The company is owned and founded by Luis Dussan, who is known for designing mission targeting systems for fighter jets. AEye’s 4Sight Intelligent Sensing Platform, with its adaptive sensor-based operating system, enhances perception by capturing accurate information faster and more reliably. This enables early detection and supports autonomy—increasing safety and new performance features. 

AlphaSense 

AlphaSense was founded during 2007 and is headquartered in New York City.  The company now has nearly 2000 enterprise customers and is one of the leading artificial intelligence companies.The company provides a market and intelligence and search platform, which allows professionals to make more accurate business decisions.  

Since 2011, the companies AI-based technology has helped professionals make smarter business decisions by delivering insights from an extensive universe of public and private content—including company filings, event transcripts, news, trade journals, and equity research. 

Bottom Line 

Artificial Intelligence software, by the leading artificial intelligence companies, is a fast-growing market within computer science that focuses on creating and providing intelligent problem-solving solutions. A.I. software can include speech recognition, problem-solving, learning and planning that can aid or even replace human engagement in a process. 

Several of the world’s leading developers of A.I. software is based out of the United States, ranging from multinational conglomerate to start-ups. 

AI is infiltrating every industry, allowing vehicles to navigate without drivers, assisting doctors with medical diagnoses, and mimicking the way humans speak. There are several US based Artificial Intelligence companies that are working to make changes across industries.  

From Google and Amazon to Apple and Microsoft, every major tech company is dedicating resources to breakthroughs in artificial intelligence. Personal assistants like Siri and Alexa have made AI a part of our daily lives. The industry broke records during the global uncertainty of the COVID-19 pandemic, as AI funding doubled in 2021 compared to 2020.  

Apart from large conglomerates, we believe that even AI based start-ups have a lot of potential to grow, especially with increasing demand for artificial intelligence solutions in various readings. It is always worth keeping an eye on young companies that have just started to break into the market.  

Who knows, maybe one of them will be the next big thing in AI! 

Thanks for reading and stay tuned for more!