TOP MNCs PROVIDE AI PRODUCT
WHAT IS ARTIFICIAL INTELLIGENCE (AI)?
Back in the 1950s, the fathers of the field Minsky and McCarthy, described artificial intelligence as any task performed by a program or a machine that, if a human carried out the same activity, we would say the human had to apply intelligence to accomplish the task.
AI systems will typically demonstrate at least some of the following behaviours associated with human intelligence: planning, learning, reasoning, problem solving, knowledge representation, perception, motion, and manipulation and, to a lesser extent, social intelligence and creativity.
The 15 most important AI companies in the world
Here is my list of the top 15 AI companies that have the power and resources to shape our connected future. These are the big players in artificial intelligence.
Google has acquired AI start-ups as if there were going to be no more soon. Over the past four years, Mountain View has created no fewer than twelve new artificial intelligence companies. The most important purchase was the $400 million deal for DeepMind, the board game playing Go champion.
Google’s CEO, Sundar Pichai, has already mentioned that in the long run we are “evolving from a ‘mobile first’ to an ‘AI-first’ world in the computer industry,” and that already says everything you need to know to see where Google sees the future.
Amazon
Trade giant Amazon has invested in both the consumer-oriented side of AI and in applications for companies and their processes. Alexa, the company’s AI language assistant, integrated into its echo speaker series, is well-known worldwide.
Amazon Web Services (AWS), a set of machine learning programs and pre-trained AI services for businesses. AWS currently has more than 10,000 customers, including Siemens, Netflix, Tinder, NFL, and NASA.
Apple
Apple has been busy acquiring AI start-ups in recent years and sees Artificial Intelligence as a critical part of its future. December 2018, the company officially appointed John Giannandrea as head of the AI and Machine Learning department after Google poached the Scottish computer scientist.
He will oversee the development of products such as Siri and the company’s new Create ML tool, which MacOS and iOS developers can use to create efficient and straightforward training courses for their apps.
Microsoft
Like Amazon, Microsoft is involved in Artificial Intelligence on both the consumer and business sides. Cortana, Microsoft’s AI digital assistant, is in direct competition with Alexa, Siri, and Google Assistant.
Artificial Intelligence features are a large part of the company’s Azure Cloud service, which provides chatbots and machine learning services to some of the biggest names in the business. Microsoft also purchased five AI companies in 2018 alone.
IBM
The multinational technology company IBM has been active in AI since the 1950s. The company was involved in the birth of artificial intelligence and is still firmly committed today.
With Watson, IBM has created a machine learning platform that can integrate AI into business processes, such as building a chatbot for customer support.
Twitter is all about getting into artificial intelligence, especially with money. Four AI companies have already been acquired, with Magic Pony being the most notable for $150 million.
The Australian company is developing machine learning approaches for visual processing on the web and mobile devices, and Twitter is likely to improve its systems for recommending specific tweets in users’ timelines with AI in the future.
DJI
The first Chinese company on the list, DJI, is still officially a start-up but has already been valued at 15 billion dollars. The company has a market share of more than 70 percent in the global drone market and is increasingly entering the AI market. The latest drones use AI and image recognition to avoid objects.
DJI has recently entered into a partnership with Microsoft for a drone-to-computer streaming project.
Artificial intelligence will be enormously powerful in the future. So it’s no surprise that Facebook is investing in AI. Facebook’s AI research group, known as FAIR, says it is committed to advancing the field of machine intelligence and developing new technologies to provide people with better ways to communicate.
Mark Zuckerberg and Company worked on a negotiation platform with two AIs called Alice and Bob, among other things, but ended the project after the couple began communicating in their secret language.
Intel
Intel has also been on a shopping spree when it comes to artificial intelligence companies and has acquired both Nervana and Movidius as well as a selection of smaller AI start-ups.
Nervana enables companies to develop specific deep learning software. Movidius was founded to bring AI applications to devices with deficient performance.
Intel is also working with Microsoft to provide AI acceleration for the Bing search engine.
Qualcomm
Qualcomm is another chip manufacturer that is committed to artificial intelligence. AI plays a crucial role in the Snapdragon 855 mobile platform. The chip uses a signal processor for AI speech, audio and image functions.
Qualcomm Snapdragons power some of the most popular smartphones on the market. If you’re interested in AI in the smartphone, you should keep an eye on Qualcomm.
Overview of the Artificial Intelligence Market in India
As a part of the broad Data Science domain, the Artificial Intelligence technology function has so far been classified as an emerging technology segment. Domestic firms, Indian startups, and even International Technology startups across various sectors have, so far, not made a significant investment, in terms of operations and scale, in the Indian AI market.
As revealed in the Computer Vision Market study and the AI and Analytics start-up investment study, the Data Science space in India, specifically the AI function, is evolving into an innovative enterprise segment. MNC Technology, Domestic, Advanced Engineering, Healthcare, and Semi-conductor firms
The AI market has been analyzed on the basis of various segments, including the sector the enterprises fall under and the type of companies.
AIMResearch has gone a step further to determine the market size of the Boutique AI and Analytics firms providing specialized AI services. These include the following types of firms:
- End-to-end Analytics Products & Services
- Artificial Intelligence / Computer Vision
- IoT / Logistics
- Natural Language Processing
- Robotics
AI in IT Services
In terms of Sector or Industry, the broad-based IT services industry or sector has the highest share of the AI market at 41.4%, and $2625 Mn in market value. The contributors to the IT services’ sector market value include Domestic and MNC firms.
- Domestic firms: TCS, Wipro, Infosys, Tech Mahindra, and HCL Technologies, to name a few.
- MNC firms: Accenture, IBM, and Capgemini
The market size and market share highlight the impact of the IT services industry (both Domestic and MNC) on the AI offerings serviced from India. The AI services within the IT services sector typically fall within the broad Digital and Analytics segment these services are provided as part of the larger IT consulting, delivery, and platform integration offerings of the IT companies.
AI in Technology Software & Hardware Technologies | Chip & Semi-conductors | Electronic Devices
The contribution from the Technology sector, which includes Software & Hardware technologies, follows the IT services sector. The contribution of the Technology sector covers a 23.3% market share and $1488 Mn market value. This sector covers Software, Cloud Computing, Semi-conductor, Database technologies, Server platforms, and Networking solutions, to name a few, technology segments.
- Software, and Cloud Computing: Microsoft, Google, Oracle, AWS, SAP, Adobe
- Social Media: Facebook
- Computer and Server Hardware: Dell, HP Enterprise, VMware
- Network Hardware: Cisco, Juniper
- Telecom Equipment: Ericsson, Nokia, Broadcom
- Semi-conductors & High-End Electronics: Intel, Nvidia, Qualcomm, Samsung Electronics, Samsung Research, NXP, Texas Instruments, AMD
- Medical Technology and Devices utilized for AI-driven medical diagnosis: Philips, GE Healthcare, Siemens Healthcare, Carl Zeiss
AI in Pharma & Healthcare
The Research and Education sector is followed by the Pharma & Healthcare sector, with a contribution to the Indian AI market of $120.3 Mn and a 1.9% market share. While this sector is dominated by the Captive units of the MNC Pharma & Healthcare firms.
Including Novartis and UnitedHealth Group, the Indian pharma firms of Dr. Reddy’s Laboratories, Sun Pharma, and Cipla, among others, provide a significant contribution to the AI market within the Pharma & Healthcare sector.