10 Biggest AI Companies in the World [2024]

Summary: Despite regulatory challenges and ethical concerns, the artificial intelligence (AI) industry is one of the most dynamic and rapidly growing sectors, with the global market expected to reach $1.8 trillion by 2030, according to Statista. In this guide, we’re taking a look at the 10 biggest AI companies to invest in on investment platforms such as eToro.

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What are AI companies?

AI companies are businesses that develop, implement, and sell artificial intelligence technologies and solutions. These companies are involved in various aspects of AI development, including machine learning, natural language processing, and robotics. 

In addition, AI companies create apps and automation platforms that can perform tasks that usually require human intelligence, such as speech recognition, decision-making, and language translation.

As such, AI companies range from tech giants focusing on developing foundational AI technologies to more narrow-focused companies applying AI in specific industries such as healthcare, finance, automotive, and retail. 

At any rate, their products help drive efficiencies, reduce costs, and enable new capabilities across various sectors, allowing AI companies to play a pivotal role in the ongoing digital transformation.

In this guide, we’ll focus more on companies that develop core AI technologies and platforms, as well as those that apply AI in innovative ways to drive tech innovation. Moreover, we shall base our list primarily on market capitalization.

What is the current state of the AI industry?

A few years into the AI boom, the AI industry is experiencing a surge in investment and innovation, as the proliferation of data and the increasing computational power fuels and drives AI capabilities. Despite some ethical concerns and regulatory hurdles, AI adoption continues to grow across various sectors.

Crucial to growth are generative AI, autonomous systems, and AI-driven analytics. Generative AI, in particular, has gained traction with applications ranging from online content creation to drug discovery and scientific research. Autonomous systems, including electric cars and drones, are becoming more prevalent in infrastructure and military efforts, while AI-driven analytics are providing businesses with deeper insights and predictive capabilities.

The AI market is poised for significant growth as more industries recognize the value of the new technology. With Silicon Valley tech behemoths such as Apple and Alphabet, North America remains a leading region for AI development, but the Asia-Pacific region is rapidly catching up, driven by substantial investments from countries like China and Japan.

The current trends in the AI industry include:

• Generative AI: This technology, which includes models like OpenAI’s famous ChatGPT, is being used for creative tasks such as writing and design;

• Ethical AI: Developing AI responsibly is all the rage nowadays, with companies focusing on transparency, fairness, and accountability;

• Edge AI: AI processing at the edge, rather than in centralized data centers, is gaining traction;

• AI-as-a-Service: AI-as-cloud services are enabling more businesses to integrate AI without large upfront investments;

• AI in Healthcare: AI is revolutionizing healthcare with applications in diagnostics, personalized medicine, and operational efficiency.

Where to buy AI stocks?

AI stocks are available for purchase on a number of online trading platforms. Our recommended platform for AI stocks is eToro, a major brokerage with millions of active daily users and a host of useful trading features, such as:

• Commission-free stock trading;
• Access to over 2,000 stocks from 17 different exchanges;
• Charting tools;
• The option to purchase fractional shares.

Highly Rated Stock Trading & Investing Platform

• Invest in 2,800+ stocks and other assets including 70+ cryptocurrencies and commodities.

• 0% commission on buying stocks - buy in bulk or just a fraction from as little as $10. Other fees apply. For more information, visit etoro.com/trading/fees.

• Copy top-performing traders in real time, automatically.

• eToro USA is registered with FINRA for securities trading.

30+ million Users

Get Started

Securities trading offered by eToro USA Securities, Inc. (“the BD”), member of FINRA and SIPC. Cryptocurrency offered by eToro USA LLC (“the MSB”) (NMLS: 1769299) and is not FDIC or SIPC insured. Investing involves risk, and content is provided for educational purposes only, does not imply a recommendation, and is not a guarantee of future performance. Finbold.com is not an affiliate and may be compensated if you access certain products or services offered by the MSB and/or the BD

10 Biggest AI Companies in the World

The 10 biggest AI companies in the world are:

1. Microsoft (NASDAQ: MSFT);
2. Apple (NASDAQ: AAPL);
3. Alphabet (NASDAQ: GOOGL);
4. NVIDIA Corporation (NASDAQ: NVDA);
5. Amazon (NASDAQ: AMZN);
6. Meta (NASDAQ: META);
7. Taiwan Semiconductor Manufacturing Company Limited (NYSE: TSM);
8. Broadcom (NASDAQ: AVGO);
9. Oracle Corporation (NYSE: ORCL);
10. Salesforce (NYSE: CRM).

Microsoft

Microsoft is at the forefront of AI innovation with its Azure AI platform and significant investments in OpenAI, the privately held company behind ChatGPT. Recently, Microsoft started integrating AI into its products like Office 365 and Dynamics 365, showcasing its commitment to AI solutions.

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Apple

Apple is mostly known for its consumer electronics, software, and services. With products like the iPhone, iPad, Mac, Apple has a strong presence in the market. However, the company also leverages AI to enhance user experiences, particularly through features like Siri, facial recognition, and predictive text.

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Alphabet

Alphabet, the parent company of Google, is a global leader in AI research and development. The company has made significant strides in natural language processing, computer vision, and deep learning, and products like Google Assistant and Google Cloud AI services are widely used in a number of industries.

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NVIDIA Corporation

NVIDIA is renowned for its graphics processing unit (GPU) technology, which is essential for AI processing. The company’s hardware and software platforms, including CUDA and the NVIDIA AI Enterprise suite, are critical for machine and deep learning, as well as AI research in general.

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Amazon Web Services

Amazon Web Services (AWS) offers a comprehensive suite of AI and machine learning services. AWS is widely used for deploying machine learning models at scale, and its AI-driven solutions, such as Amazon Rekognition and AWS Lambda, are transforming industries.

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Meta

Meta Platforms Inc., formerly known as Facebook, is a major player in the social media and virtual reality space. Meta utilizes AI to enhance user experiences across its platforms, including Facebook, Instagram, and WhatsApp. AI-driven features like content recommendations, facial recognition, and language translation are integral to Meta’s services. 

The company’s investments in AI research and development, particularly in the areas of computer vision and natural language processing, support its vision of building the Metaverse, and Meta AI, an artificial intelligence laboratory owned by Meta, develops augmented and artificial reality technologies.

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Taiwan Semiconductor Manufacturing Company Limited

Taiwan Semiconductor Manufacturing Company Limited (TSMC) is the world’s largest dedicated independent semiconductor foundry. It manufactures advanced semiconductor chips that power a wide range of AI applications, from smartphones to data centers, including its 7nm and 5nm process nodes critical for the development of high-performance AI processors.

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Broadcom 

Broadcom is a global technology leader that designs, develops, and supplies a broad range of semiconductor and infrastructure software solutions. Its AI-related products include specialized chips for networking, storage, and broadband, which are essential for supporting AI workloads in data centers and edge devices. 

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Oracle Corporation 

Oracle Corporation is a multinational technology company specializing in database software and cloud solutions. Its AI cloud services, such as Oracle Autonomous Database and Oracle Cloud Infrastructure, offer advanced analytics, machine learning, and AI capabilities to enterprises, helping businesses automate processes and improve decision-making.

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Salesforce

Salesforce is a leading provider of cloud-based customer relationship management (CRM) software. The company’s AI platform, Salesforce Einstein, integrates AI capabilities into its CRM products, offering predictive analytics, natural language processing, and automation features. 

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Pros and cons of investing in AI companies

Pros

• High growth potential: The AI industry is expanding rapidly, driven by technological advancements and increasing adoption across sectors. As such, it’s a solid growth investment option;
• Innovation: AI companies are at the forefront of technological innovation, providing advanced solutions that transform industries;
• Global market: AI has global applicability;
• AI-driven efficiencies: Leveraging AI can lead to increased efficiency, driving profitability and competitive advantage.

Cons

• Ethical and regulatory concerns: AI companies face scrutiny over ethical issues, data privacy, cybersecurity, and compliance with emerging regulations;
• High competition: The AI industry is competitive, with numerous players vying for market share and technological leadership;
• Technical challenges: Developing AI solutions is complex and resource-intensive;
• Market volatility: The AI sector can be volatile, with rapid technological changes and unpredictable market dynamics.

Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.

FAQs about the 10 biggest AI companies