Forbes Top 50 AI Companies
in 2024
Forbes annually recognizes the most promising privately-held AI companies
Related: Stocks Software Companies Publicly Traded Companies
By spring of 2023, the massive popularity of apps like ChatGPT had prompted a mass scramble among businesses trying to implement the latest advances in generative artificial intelligence. One year later, the craze continues. In turn, a new tech economy has emerged to help businesses develop and deploy AI-powered apps. That's reflected by the makeup of Forbes sixth annual AI 50, produced in partnership with Sequoia and Meritech Capital, which recognizes the most promising privately-held artificial intelligence companies.
The use cases are wide-ranging and far-reaching, as immediately evident from the three largest companies on the list in terms of valuation. Model maker OpenAI ($86 billion) counts customers from Morgan Stanley to the government of Iceland, while its rival Anthropic ($18.4 billion) is used by Bridgewater and the Boston Consulting Group. Databricks ($43 billion) sells its data analytics and AI deployment software to Shell and the United States Postal Service. For the startups on AI 50, the technology has evolved from capturing customers' imaginations to capturing billions of dollars in collective revenue. Then, there are companies that are seamlessly layering the latest advances in AI into their own apps. Abridge uses voice recognition and language summarization to deliver automated documentation of your visit to the doctor's office. Notion is making inroads into uprooting Google Workspace or Microsoft Office, while Perplexity wants to reinvent the search engine. Read the full article
| Company | What it Does |
| Abridge | Medical conversation documentation |
| Adept | AI model developer |
| Anduril Industries | Defense software and hardware |
| Anthropic | AI model developer of Claude |
| Anyscale | AI app deployment software |
| AssemblyAI | Speech transcription tooling provider |
| Baseten | AI app deployment software |
| Cerebras Systems | Computer chip maker |
| Character.AI | Consumer chatbot app |
| Cleanlab | Error detection for data |
| Codeium | Coding autocompletion app |
| Cohere | AI model developer |
| Cradle | Protein design for drug discovery |
| Cresta | Call center agent assistance |
| Databricks | Data storage and analytics |
| DeepL | Language translation service |
| ElevenLabs | Voice generation software |
| Figure AI | Autonomous humanoid robots |
| Glean | Enterprise search engine |
| Harvey | AI models for law firms |
| Hebbia | Enterprise search engine |
| Hugging Face | Library for AI models and datasets |
| Insitro | Drug discovery and development |
| Kumo.AI | Data analytics software |
| LangChain | AI app development tools |
| Leonardo.AI | Image generation service |
| Midjourney | Image generation service |
| Mistral AI | Open-source AI model research |
| Notion | Productivity software |
| OpenAI | AI model developer of ChatGPT |
| Owkin | Drug discovery and development |
| Perplexity | General purpose search app |
| Photoroom | Photo editing app |
| Pika | Video generation service |
| Pinecone | Database software |
| Replicate | AI app deployment software |
| Rosebud AI | Video game design software |
| Runway | Image and video editing software |
| Sana | Enterprise learning and search |
| Scale AI | Data labeling and software |
| Sierra | Customer service software |
| Synthesia | AI avatar and video generator |
| Together AI | AI model development tools |
| Tome | Presentation creation software |
| Tractian | Industrial machine maintenance |
| Unstructured | AI app development tools |
| Vannevar Labs | Defense intelligence software |
| Waabi | Autonomous trucking technology |
| Weaviate | Database software |
| Writer | Enterprise generative AI software |