Companies large and small are using artificial intelligence (AI) and machine learning in their products and services to offer a better customer experience. They are using AI to disrupt sectors like finance, healthcare, communication, transportation, semiconductors, and others. Here we take a look at the top 10 most innovative AI companies in 2019, according to Fast Company.
The most innovative AI companies
Fast Company recently compiled a list of the most innovative companies that are “making the most profound impact on both industry and culture” and are thriving in this “volatile world.” Artificial intelligence is still in its infancy. Bill Gates has called it “both promising and dangerous.” It could help improve our lives, but it needs to be regulated to limit its negative effects.
These are the most innovative companies in the sector of artificial intelligence, according to Fast Company:
Michael Gelband’s Exodus Point launched in 2018 with $8.5 billion in assets. Expectations were high that the former Millennium Management executive would be able to take the skills he had learned at Izzy Englander’s hedge fund and replicate its performance, after a decade of running its fixed income business. The fund looks to be proving Read More
San Francisco-based Tally offers an automated app that helps users manage and pay off their credit card debt. It uses AI algorithms to figure out the right amount of money users need to allocate to their credit card debts. It also implements its recommendations. You can add your credit cards to the app by scanning them using your phone’s camera. The app prioritizes credit cards based on the annual percentage rate and revolving balance.
9- Bowery Farming
Founded in 2014, Bowery Farming is revolutionizing agriculture using artificial intelligence. It uses AI, robotics, lights, and cameras to improve indoor farming and as a result help people eat more high-quality food. In its high-tech warehouses, Bowery Farming controls exactly how plants grow. It has built its own operating system called BoweryOS to operate its farms. The software collects data from cameras and other sensors and then uses AI to learn and provide the right environment for different plants to grow.
8- Recursion Pharmaceuticals
Based out of Salt Lake City, Recursion Pharmaceuticals is a clinical-stage biotechnology company. It uses an innovative approach to new drug discovery by combining experimental biology with artificial intelligence and automation. Founded in 2015, the company is working on more than 50 drug programs. It aims to make drug discovery and development faster than ever before using AI. Last year, the USFDA approved one of its new drug applications for the treatment of a genetic disease called cerebral cavernous malformation.
I use Grammarly almost every day and I can’t tell you enough about how smart its algorithms are. Founded in 2008, Grammarly uses artificial intelligence for online grammar checking, plagiarism detection, and spell checking. The software checks your writing against more than 250 rules to make your communications more clear, concise, and successful.
California-based Conversica provides AI-powered conversational assistants for businesses. More than 1,200 companies including Microsoft and AT&T use Conversica’s AI assistant to follow up on leads and engage with customers in authentic, personalized conversations. Its AI assistant uses natural language generation (NLG), natural language understanding (NLU), and machine learning to help clients win customers more quickly.
Mountain View, California-based Drive.AI is one of the most innovative AI companies in the world. It uses AI to make self-driving car systems. It was one of the first companies to remove the safety driver from behind the wheel on autonomous vehicles. It operates on-demand self-driving car services in two cities in the US.
HeartFlow is a medical technology startup that uses AI and deep learning to revolutionize the way we test and treat coronary artery disease (CAD). It offers a non-invasive test that allows doctors to detect how blocked a patient’s coronary arteries are. HeartFlow’s method is much better than existing tests that involve threading a catheter up to the heart to measure blood flow. The HeartFlow Analysts develops a 3D model of a patient’s heart and uses AI to analyze the impact of blockage on blood flow. It allows doctors to devise treatments without invasive surgeries.
Deserve deserves to be among the most innovative AI companies in the world. It creates “more equitable credit products” for young adults using machine learning. It provides “access to fair credit” to deserving but underserved populations. Most young adults don’t have a credit history, which makes it difficult for them to get a credit card. Deserve predicts a person’s ability to pay back based on reliability, schooling, discipline, and earning potential.
HiringSolved uses AI and machine learning to make hiring faster, better, and more human. It has created an AI voice assistant called Recruiting Artificial Intelligence (RAI) that allows recruiters to spend less time looking for candidates with stated standards and more time communicating with them. Its AI tools help its clients such as Microsoft and Dropbox save up to 30% of recruiting time.
Nvidia has jumped from sixth place in 2018 to the top spot in this year’s ranking. It makes graphics processors for smartphones, tablets, laptops, consoles, and other devices. Nvidia earned the top spot for its Turing GPU architecture. It heightens realism in computer graphics and makes real-time ray tracing possible.