Although established companies are investing heavily into AI, many fairly new organisations are securing funding and focusing on products that could be truly revolutionary. Here are some companies to keep an eye on.
Although SenseTime Group isn’t a household name, it may soon be, as the Chinese company is now the world’s largest AI startup, having raised more than 1.2 billion dollars in months. SenseTime’s AI technology focuses on facial recognition, and the company’s software is already on more than 100 million Chinese-made smartphones. SenseTime Group is also helping to bolster China’s homegrown talent. China aims to be the world’s leader in AI by 2030, and SenseTime is trying to help meet these goals by hiring and training local talent instead of looking for overseas workers.
Small and medium businesses are critical for society, yet SMEs are increasingly being underserved for certain services. Loans, in particular, can be tricky, and bespoke loans are impossible for many SMEs to acquire in a short time frame. This is changing, however, with OakNorth. Their ACORN platform lets lenders provide tailored, bespoke loans in a short period of time, and artificial intelligence, including big data analysis and machine learning, plays a central role. Their platform aims to provide a one-stop solution.
Mobile video advertising has become a staple of online outreach efforts. However, previous attempts to leverage mobile video advertising haven’t been as efficient as other forms of advertising. LoopMe, founded in 2012, creates a unified platform for delivering mobile video. Through AI-driven analysis, LoopMe is better able to connect users with advertisements they’ll find engaging, and this efficiency can make mobile video advertising twice as efficient. With major clients including Honda, Disney, and Microsoft, LoopMe has proven to be a popular platform and shows just how quickly effectively using AI can lead to revenue.
The sheer volume of data stored in social media is astounding. Finding value among the noise, however, is notoriously difficult. Banjo’s goal is to allow users to find out what’s going on in the world through the posts, hashtags, and location data that typify social media. Users interested in information in areas as local as individual buildings can find useful data, and the optional filtering based on hashtags lets users find out what’s capturing attention. Banjo’s advanced artificial intelligence technology and easy-to-use web interface helps users make sense of the chaos of social media.
Driving a vehicle requires skill and experience. Although current technology is more that capable of driving vehicles, putting together all of the needed pieces has proven to be difficult. Argo AI, based in Pittsburgh, seeks to bring together the right talent and technologies to make self-driving vehicles a reality. Their efforts have attracted attention: Ford Motor Company recently became a partner, meaning Argo AI technology will likely be coming to vehicles in the near future. Within the industry, Argo AI is generating buzz as well, and it’s becoming a preferred destination for many people with self-driving vehicle expertise.
Business owners and managers know AI is powerful, and they know they’ll need to keep up in order to remain competitive. However, knowing where to look and what AI technologies to explore can be difficult. Element AI is run by some of the world’s leading researchers in AI, and their academic and business experience places them at the forefront of modern AI development. Furthermore, the company owns the largest privately held Canadian AI research lab, and the faculty fellow network ensures their clients can be connected to the right experts. AI is a broad field, and Element AI’s goal is to ensure their clients can make sense of the landscape and invest the right way.
Energy consumption per capita in wealthy nations is dropping, but there are still substantial efficiency gains to be made. Stem aims to bring “energy superintelligence” to the world by delivering software-driven, and AI-powered, approaches toward energy distribution and consumption. Energy storage has long been viewed as a cornerstone of modern energy, yet managing storage can be difficult without real-time data and powerful AI systems. Stem is proving itself as a leader in bringing this technology online, and with more than 30 Fortune 500 customers, it’s gaining significant traction and interest.
Read the source article in TechNative.