Sooner or later, the concept of digitization will completely take over all repetitive tasks. Today, with the help of big data, advanced technologies like automation, artificial intelligence, IoT, and machine learning are leveraging unimaginable amounts and types of information to work from. It is streamlining tedious, repetitive, and difficult tasks, which tend to slow down production and also increases the cost of operation. Owing to the evolution of technology, artificial intelligence startups are mushrooming like never before. The companies are driving the world into a new phase of digitization with a mixture of disruptive statistical methods, computational intelligence, soft computing, and traditional symbolic AI. Artificial intelligence is the combination of two amazing concepts namely science and engineering. With the infusion of disruptive trends and human intelligence, intelligent machines and intelligent computing programs are emerging. Slowly, the flare of innovations moved away from IT and entered into diverse industries including healthcare, education, finance, marketing, business, telecommunication, etc. Organizations realized that by digitizing repetitive tasks, an enterprise can cut the cost of paperwork and labor which further eliminates human error, thus boosting efficiency. Automating processes involve employing artificial intelligence solutions that can support digitization and deliver data-driven insights. Artificial intelligence startups emerge as a ready-made solution provider that supports every company's individual needs. AI startups in 2021 use big data to sophisticated AI models and leverage new solutions that could better serve customers. Analytics Insight has listed the top 100 artificial intelligence startups that are driving the next-generation development in technology. It democratizes the way investments are done by bringing sophisticated elite trading technology to laymen. Accrad is a health tech company that assists radiologists to reduce their workload with the precision of artificial intelligence. Radiologists work under different circumstances and deadlines and might find diagnosis through x-rays a bit difficult. Therefore, Accrad has come up with a futuristic solution to help with accurate and fast image diagnosis. The company has made x-ray processing more convincing and simpler. Its signature product CheXRad, a deep learning algorithm that identifies locations in the chest radiograph has the capability to predict 15 different diseases including Covid-19. Affable.ai is a data-driven influencer marketing platform where customers can find relevant and authentic influencers and manage marketing operations. By using cutting-edge computer vision algorithms on social media posts, the company delivers actionable insights about micro-influencers and their audience. Similar to how Google has sophisticated its search and promote relative ads to users, Affable.ai has also built one-click marketing at a shorter scale.
Artificial Intelligence (AI) is not just a buzzword, but a crucial part of the technology landscape. AI is changing every industry and business function, which results in increased interest in its applications, subdomains and related fields. This makes AI companies the top leaders driving the technology swift. AI helps us to optimise and automate crucial business processes, gather essential data and transform the world, one step at a time. From Google and Amazon to Apple and Microsoft, every major tech company is dedicating resources to breakthroughs in artificial intelligence. As big enterprises are busy acquiring or merging with other emerging inventions, small AI companies are also working hard to develop their own intelligent technology and services. By leveraging artificial intelligence, organizations get an innovative edge in the digital age. AI consults are also working to provide companies with expertise that can help them grow. In this digital era, AI is also a significant place for investment. AI companies are constantly developing the latest products to provide the simplest solutions. Henceforth, Analytics Insight brings you the list of top 100 AI companies that are leading the technology drive towards a better tomorrow. AEye develops advanced vision hardware, software, and algorithms that act as the eyes and visual cortex of autonomous vehicles. AEye is an artificial perception pioneer and creator of iDAR, a new form of intelligent data collection that acts as the eyes and visual cortex of autonomous vehicles. Since its demonstration of its solid state LiDAR scanner in 2013, AEye has pioneered breakthroughs in intelligent sensing. Their mission was to acquire the most information with the fewest ones and zeros. This would allow AEye to drive the automotive industry into the next realm of autonomy. Algorithmia invented the AI Layer.
A staff member displays a DJI Phantom 3 4K drone during CES (Consumer Electronics Show) in Las Vegas, Nevada. It may come as a surprising fact that there are now 14 Chinese AI companies valued at $1 billion or more. These unicorns are worth a combined $40.5 billion, according to a report China Money Network recently released during the World Economic Forum's Summer Davos gathering in Beijing. Just to put these numbers in perspective. Google bought DeepMind for over $500 million in 2014. Chinese voice recognition giant iFlytek Co. has a market capitalization of 63 billion yuan ($9.2 billion). Chinese AI startups raised $27.7 billion via 369 VC deals in 2017, according to a recent report from Tsinghua University. So naturally, it raises questions on if there is a bubble waiting to pop in the Chinese AI space. How could these companies, with an average age of less than five years, be worth so much money?
AI is at the heart of digital disruption and on its way to becoming one of the biggest game-changers in the next few years. Early adopters of AI are reaping significant benefits and have differentiated themselves from the rest. As a result, the AI sector is garnering the attention of numerous investors globally, increasing the number of AI unicorns in just a few years. In India itself, as many as 11 startups earned unicorn tags during the black swan year 2020. This article lists all the AI companies that have reached a valuation of $1 billion or more. A technology platform company, Argo AI, is creating integrated self-driving systems. These are manufactured at scale for safe and reliable deployment in ride-sharing and goods delivery services. Along with Ford and Lyft, Argo AI is planning to launch a self-driving ride-hailing service in the US.
This article about the best artificial intelligence logistics startups is part of the "Logistics of the Future" series looking at the top logistics startups today. We are officially living in the age of Artificial Intelligence. It's everywhere we look, from AI-powered personal assistants to predictive analytics to making medical diagnoses, Artificial Intelligence is making incredible advances across all industries. In fact, a recent report on the state of Artificial Intelligence for enterprises found that supply chain and operations are some of the top areas where businesses are driving revenue from AI investment. Why is AI making such a big difference in the logistics and supply chain, particularly?