Generative AI companies and startups have emerged as the most innovative and some of the most formidable players in the tech world, using machine learning and other forms of artificial intelligence to generate original content, streamline workflow, and assist in project planning. The 75 top generative AI companies on our list are the leading pioneers of this generational shift. Some, like OpenAI, have already proven themselves and grown into multi-billion dollar companies, while others are new contenders that have yet to emerge from early rounds of funding. Regardless of where they fall individually in their growth trajectory, each of these top generative AI companies are part of a new cohort that is dramatically reshaping business and culture at large now and in the years to come.
Featured Partners: AI Software
TABLE OF CONTENTS
Top 10 Generative AI Companies: The Leaders
These generative AI startups are known not only for their individual apps and tools, but for the extent to which they have laid the foundation for the larger adoption of generative AI.
OpenAI
OpenAI is the highest profile company in the generative AI space. Along with its prebuilt AI solutions, OpenAI also offers API and application development support for developers who want to use its models as baselines. Its close partnership with Microsoft and growing commitment to ethical AI continue to boost its reputation and reach. Most recently, the company has introduced text-to-video tool Sora to its portfolio.
- Founded: 2015
- Founded By: Sam Altman, Elon Musk, Ilya Sutskever, Greg Brockman, Trever Blackwell, Vicki Cheung, Andrej Karpathy, Durk Kingma, Jessica Livingston, John Schulman, Pamela Vagata, and Wojciech Zaremba
- Category and Use Cases: Language modeling, content generation, image generation and editing, audio transcription and translation, custom and embedded model development, document summarization, research, coding
- Core Products and Solutions: ChatGPT, ChatGPT Enterprise, DALL-E 3, Whisper; and various fine-tuning and embedding models
To see a list of the leading generative AI apps, read our guide to the top 20 generative AI tools and apps.
Anthropic
Anthropic’s Claude platform is similar to OpenAI’s ChatGPT, with its large language model and content generation focus. First released widely in March 2023, Claude is viewed as a more customizable platform with a more friendly and human-like chatbot experience. Since its initial start, Claude has evolved into an enterprise-level AI assistant with high-level conversational AI capabilities, a large context window, and an API that allows users to build custom instances of Claude into their products.
- Founded: 2021
- Founded By: Daniela Amodei, Dario Amodei, Jack Clark, Jared Kaplan, Sam McCandlish, and Tom Brown
- Category and Use Cases: Content generation, coding, customer support, text translation, text classification, text summarization, search, legal document summarization, career coaching, workflow automation, text editing, API, conversational AI
- Core Products and Solutions: Claude 3.5 Sonnet, Claude 3 models, and Claude API
Cohere
Cohere offers natural language processing (NLP) solutions that are specifically designed to support business operations. With Cohere’s conversational AI agent, enterprise users can quickly search for and retrieve all kinds of company information without searching through massive applications and databases. The organization’s different families of language models can be used for business tasks like document analysis, content writing (including for product descriptions), semantic search, and improved internal and external e-commerce experiences.
- Founded: 2019
- Founded By: Aidan Gomez, Ivan Zhang, Nick Frosst
- Category and Use Cases: Retrieval-augmented generation, text generation, text classification, semantic search, enterprise conversational AI agent, multilingual embedding, access to language models
- Core Products and Solutions: Command (including Command R and Command R+), Rerank, and Embed (including Classify)
Glean
Glean is a generative AI enterprise search company that relies on deep-learning models to understand natural language queries in the context of organizational, departmental, and individual user characteristics. Glean connects to a variety of enterprise apps and platforms, making it easier to set up and maintain access to various business information sources. With its focus on AI privacy and governance, small businesses and enterprises alike are investing in this solution for enterprise knowledge management.
- Founded: 2019
- Founded By: Arvind Jain, Piyush Prahladka, Tony Gentilcore, and TR Vishwanath
- Categories and Use Cases: Cognitive enterprise search, data ingestion and management, knowledge management, enterprise environment app, AI assistance, enterprise security and privacy management, data unification
- Core Products and Solutions: Glean Work AI Platform, Glean Workplace Search, Glean Assistant, Glean Knowledge Management, Glean Work Hub, Glean Connectors, and Glean Security
For a deeper understanding of the AI landscape, read our overview of the AI Market.
Jasper
Jasper’s core product is designed for marketing content generation. Some core areas where Jasper works well include social media, advertising, blog, email, and website content creation. The AI tool is particularly effective for establishing a consistent brand voice and managing digital marketing campaigns. In early 2024, Jasper acquired the AI image platform Clickdrop, and expects to increase its multimodal capabilities as a result of this acquisition.
- Founded: 2021
- Founded By: Chris Hull, Dave Rogenmoser, and John Philip Morgan
- Category and Use Cases: Long-form and short-form content creation, dialog-driven content creation and language modeling, AI copilot, AI assistant browser extension, art creation, multi-language reading and writing
- Core Products and Solutions: Jasper
Hugging Face
Hugging Face is a community forum, similar to GitHub, that focuses on Artificial Intelligence and ML model development and deployment. Some of the community’s main specialties include text classification, question answering, image classification, translation, summarization, audio classification, and object detection. Most notably, Hugging Face offers users access to BLOOM, an open-source LLM that can generate content in 46 languages and 13 programming languages.
- Founded: 2016
- Founded By: Clement Delangue, Julien Chaumond, and Thomas Wolf
- Category and Use Cases: Open source development community, multilingual content generation, public submissions and deployments of NLP, computer vision, access to third-party AI models
- Core Products and Solutions: BLOOM, Enterprise Hub, Inference Endpoints, and AutoTrain
Inflection AI
Founded by former leaders from LinkedIn and DeepMind in 2022, Inflection AI’s mission and goals were mostly kept under wraps until Pi, a personal AI tool that focuses on colloquial conversation and advice, was released in May 2023. Even before its initial release, the company had already received major funding rounds and indicated its plans to completely transform how humans can speak to and communicate with computers.
Most recently, two of Inflection’s co-founders—Mustafa Suleyman and Karén Simonyan—have left the company to work in a new AI division at Microsoft. In light of this change, the company announced a new CEO and plans to focus more heavily on offering an AI studio business so more users can access and customize their models.
- Founded: 2022
- Founded By: Karén Simonyan, Reid Hoffman, and Mustafa Suleyman.
- Category and Use Cases: AI model studio, AI chatbot and LLM, emotionally intelligent AI chatbot, voice search, brain-computer interface (BCI), conversational AI, AI assistance
- Core Products and Solutions: Pi
Stability AI
Stability AI is a leading startup in the generative AI space for image and video content generation. Though the company has endured some controversy for alleged copyright infringement of artists’ work as well as for some possible financial instability, its app Stable Diffusion continues to be a popular solution, operating in the background of many other generative AI startups’ platforms.
- Founded: 2019
- Founded By: Emad Mostaque
- Category and Use Cases: Text-to-image generation, image editing, audio and video generation, language modeling, open-source AI, 3D object generation and modeling, application development models, API and embed capabilities
- Core Products and Solutions: Stable Diffusion 3, Stable Diffusion XL and Turbo, Japanese Stable Diffusion XL, Stable Video Diffusion, Stable Audio 2.0, Stable Video 3D, Stable Zero123, Stable TripoSR, various language models
MOSTLY AI
MOSTLY AI’s synthetic data generation platform balances data democratization and app development efficiencies with data anonymity and security requirements. The platform has proven especially useful in the banking, insurance, and telecommunications industries. It is also compatible with many different operational environments, including for Kubernetes deployment, OpenShift deployment, and API and Python Client connectivity.
- Founded: 2017
- Founded By: Klaudius Kalcher, Michael Platzer, and Roland Boubela
- Category and Use Cases: Synthetic data generation for AI and software app development, test data generation, data anonymization, Python client synthetic data generation, AI and ML development, data analytics, testing and product development.
- Core Products and Solutions: MOSTLY AI
Lightricks
Lightricks first gained notoriety with its social-media-friendly image editing app, Facetune. It has since expanded Facetune and its other apps with cutting-edge AI, making it possible to conceptualize, generate, and edit new content and avatars for videos, photos, and art projects, all from one AI-driven platform.
- Founded: 2013
- Founded By: Amit Goldstein, Itai Tsiddon, Nir Pochter, Yaron Inger, and Zeev Farbman
- Category and Use Cases: Text-to-image generation, image editing, video editing, art generation, avatar generation
- Core Products and Solutions: Facetune, Photoleap, Videoleap, Popular Pays, Filtertune, Beatleap, Motionleap, Artleap, Lightleap, and Boosted
Top 5 Generative AI Companies for Developers
These companies use artificial intelligence to accelerate and streamline the process of software development, from speeding code creation to aiding project management.
AI21 Labs
AI21 Labs creates enterprise tools that focus heavily on contextual natural language processing for reading, writing, and application development. Third-party developers can build on AI21 Labs’ language models for their own text-based apps and services with AI21 Studio. Its recent emphasis on task-specific APIs makes it easier for businesses to ideate and scale industry-specific and business-specific models with little to no prompt engineering or fine-tuning necessary.
- Founded: 2017
- Founded By: Ori Goshen, Yoav Shoham
- Category and Use Cases: Language modeling, application development, content generation and editing, content summarization
- Core Products and Solutions: Wordtune, Jamba, Jurassic-2, task-specific APIs, and AI21 Studio
Tabnine
Tabnine offers generative AI code assistance for software development. The parts of the development process it helps with include planning, creating, testing, fixing, documenting, and even explaining. The platform’s focus on code completion and natural language prompts makes it extremely helpful for novice and experienced coders alike. Many users select this tool for both its robust coding features and its built-in security and governance features.
- Founded: 2017
- Founded By: Dror Weiss, Eran Yahav
- Category and Use Cases: AI-assisted development, code completion, code automation, natural language coding and prompting, coding recommendations
- Core Products and Solutions: Tabnine and Tabnine Chat
Mistral AI
Mistral AI is an AI company that offers deployment-ready solutions like the chatbot le Chat but is more focused on providing its customers with open generative AI models and other developer-friendly resources for scalable AI. Mistral model access comes in various sizes, meaning users can prioritize affordable and lightweight agility or scalable and high-powered performance.
- Founded: 2023
- Founded By: Arthur Mensch, Guillaume Lample, Timothée Lacroix
- Category and Use Cases: Developer-facing open AI models, deployment resources, AI chat, AI platform
- Core Products and Solutions: Mistral Large, Mistral Small, Mistral Embed, Mistral NeMo, Mistral 7B, Mixtral 8x7B, Codestral, le Chat, and la Plateforme
Codeium
Codeium is a generative AI company that provides coders, programmers, and even less-technical users with resources to generate logical code for their projects. Autocompletion is an option, but users can also engage with Codeium through chat and gain more contextual knowledge for why code looks a certain way or how it could be optimized. Codeium can be experimented with in the playground environment, and it can also be used on a wide range of IDEs.
- Founded: 2021
- Founded By: Varun Mohan and Douglas Chen
- Category and Use Cases: AI code completion, AI chat, contextualization, AI playground, developer resources and toolkit
- Core Products and Solutions: Codeium Chat, Codeium Autocomplete, Codeium Search
Clarifai
Clarifai’s multipurpose platform offers resources to build, deploy, and manage AI and the data that goes into it throughout the full lifecycle. The solution can be used to label and otherwise prepare data for projects, and from there, users can build and operationalize models in various formats and environments, including in serverless and edge versions. Clarifai is best known for its computer vision, generative AI foundation model, and NLP solutions; however, it also offers a range of professional services to customers.
- Founded: 2013
- Founded By: Matt Zeiler
- Category and Use Cases: LLM production, computer vision platform, unstructured data and content modeling, AI lake, data preparation, model building, model operationalization, foundation models
- Core Products and Solutions: Production AI Platform, AI Lake, Scribe, Spacetime, Enlight, Armada, Mesh, Flare, UI Modules, AI Lab, LabelForce, ModelForce
Top 7 Generative AI Companies for Sales and Marketing
AI is already quite widely deployed in sales and marketing, for uses like drafting promotional emails and helping create sales decks. The following companies are on the forefront of this rapidly growing trend.
Gong
Gong gives revenue teams a full-service revenue intelligence solution that uses generative AI and other advanced features to support revenue forecasting, customer service engagement, conversational analytics, sales coaching, and more. The company offers a wide range of enterprise-level features, including the Gong partner network and a high-powered Trust Center for security and compliance management. Among its customers are ADT, LinkedIn, Shopify, and ZIllow.
- Founded: 2015
- Founded By: Amit Bendov and Eilon Reshef
- Category and Use Cases: Customer and conversation analytics, contextualized customer analysis, AI recommendations, revenue intelligence, forecasting, team productivity management
- Core Products and Solutions: Gong AI
Twain
Twain is an AI writing assistant designed to help sales professionals write attention-grabbing sales content—particularly outreach emails. It can generate its own content and also make detailed recommendations for edits to content that a salesperson submits. While it is primarily used for sales content generation, it also works well for recruiting and personal use cases.
- Founded: 2021
- Founded By: Mohamed Chahin
- Category and Use Cases: Content generation, sales outreach, recruitment messaging, content recommendations
- Core Products and Solutions: Twain, Chrome extension
Bertha.ai
Bertha.ai is a content generation solution for WordPress users in particular, though it also works with sites like Shopify, WooCommerce, Wix, and Squarespace. It can help with creating written content and imagery for blog posts and other webpages as well as other forms of digital marketing copy.
- Founded: 2021
- Founded By: Andrew Palmer and Vito Peleg
- Category and Use Cases: Content generation, image and illustration creation, blog writing, product description writing
- Core Products and Solutions: Bertha AI, Chat, Write Anything, Long Form Content, and Bertha Chrome Extension
Tome
Tome is a creative generative AI platform that was established by two former Meta managers that has quickly gained recognition for its versatile and intuitive interface. The founders’ goal was to create a fun tool that fills in some of the gaps left by tools like PowerPoint, especially when it comes to mobile usability. Trained on your value framework and sales data, Tome helps you research your target customers and then generates both relevant and somewhat randomized content for users’ presentations, acting as a business partner, assistant, or trusted friend who helps to brainstorm the best possible content for the project.
- Founded: 2022
- Founded By: Keith Peiris and Henri Liriani
- Category and Use Cases: AI presentation generation, AI storytelling, marketing and sales, product pitching, creative projects
- Core Products and Solutions: Tome
CopyAI
CopyAI takes on the unique role of creating generative AI for go-to-market workflows and strategizing, giving users the technology necessary to more intelligently attract, land, adopt, retain, and expand their reach. The platform is most often used by marketing and sales professionals to help them work through their GTM processes more quickly and smoothly. CopyAI can be used to translate content for a multilingual or global audience, generate blog and social media content, and create the content and structure necessary for a successful email marketing campaign.
- Founded: 2020
- Founded By: Paul Yacoubian and Chris Lu
- Category and Use Cases: GTM AI, task automation, content generation, CRM content enrichment, marketing, sales, brand voice management, email marketing, translation
- Core Products and Solutions: CopyAI platform, AI Marketing OS, AI Sales OS
Narrative BI
Narrative BI is building a new chapter in data democratization. The goal of this gen AI platform is to turn data, business intelligence, and analytics into narratives that are easier for all users to understand and contextualize within their roles and the greater frame of the business. With this approach, all employees can more effectively contribute to decision-making wherever important business data lives, including in and through a long list of applications, ranging from Google Analytics 4 to Facebook Ads to LinkedIn Ads. Also integrated are Salesforce, Slack, Snowflake, Amazon Redshift, PostgreSQL, and MySQL.
- Founded: 2020
- Founded By: Michael Rumiantsau and Yury Koleda
- Category and Use Cases: AI insights for marketing and sales, social media and analytics integrations, automated generative BI, narrativized analytics
- Core Products and Solutions: Narrative BI platform and Generative BI
Anyword
Anyword is a generative AI writing solution that focuses specifically on marketing and other business outcomes. Users can optimize existing content for better performance, personalize messaging on their websites at scale, and train AI to understand their brand’s voice and target audience. With features like a predicted performance score and the ability to use Anyword within other tools—including ChatGPT, Notion, and HubSpot—users can improve their content with minimal hassle.
- Founded: 2013
- Founded By: Yaniv Makove and Adam Habari
- Category and Use Cases: Marketing content generation, demand generation, SEO support, API, website automation, LLMs, copy intelligence
- Core Products and Solutions: Data-Driven Editor, Blog Wizard, Copy Intelligence Platform, private LLMs, Performance Boost AI Chrome Extension
Top 13 Generative AI Companies for Audio, Video, and Creative Projects
These generative AI leaders have revolutionized creative content production by outputting all manner of audio-video content based on text prompts.
Synthesia
Synthesia is a generative AI video company that focuses on video creation for personal and enterprise use. Users can rely on AI avatars and voices to communicate in training, marketing, and how-to videos in 120 different languages. Most significantly, professional-looking videos can be generated from users’ text inputs.
- Founded: 2017
- Founded By: Lourdes Agapito, Matthias Niessner, Steffen Tjerrild, and Victor Riparbelli
- Category and Use Cases: Video generation, AI voice and avatar generation, video templates
- Core Products and Solutions: Synthesia
Midjourney
Midjourney is a generative AI solution for image and artwork creation that primarily gives users access to its features and community support through Discord. Though Midjourney has faced some of the same controversies as Stability AI, the company continues to grow its capabilities and user base. It is particularly well known for its advanced and granular image editing features.
- Founded: 2022
- Founded By: David Holz
- Category and Use Cases: Natural-language-driven image generation, image enhancements and modifications, image editing
- Core Products and Solutions: Midjourney
For a detailed list of the leading AI video providers, read eWeek’s guide to the best AI video generators.
MURF.AI
MURF.AI is a leading voice AI generation company that is frequently praised for the quality of its multilingual voices as well as for its solutions’ ease of use. Murf comes with various third-party integrations that are relevant for creative content production. It also provides users with supportive resources and how-to guides for a diverse range of content types, including Spotify ads, L&D training, animation, video games, podcasts, and marketing and sales videos.
- Founded: 2020
- Founded By: Divyanshu Pandey, Ankur Edkie, Sneha Roy
- Category and Use Cases: Text to speech, voice cloning, AI dubbing, AI translation, API, voices for Windows, voice content generation
- Core Products and Solutions: Murf, Murf Studio, Murf API, and AI Translation
PlayHT
PlayHT is a leading AI voice generation company that has gone beyond the purview of most of its competitors to develop solutions like enterprise-specific AI voice agents and AI-generated podcast.ai, a subsidiary of PlayHT that offers a weekly podcast created with generative AI voices and transcripts. The podcast covers a different topic each week and has even used Steve Jobs recordings and biographical information to “record an episode with him.”
- Founded: 2016
- Founded By: Hammad Syed and Mahmoud Felfel
- Category and Use Cases: AI voice generation, AI voice agents, podcast content generation, content transcription
- Core Products and Solutions: PlayHT Studio, AI Voice Agents, PlayHT API, podcast.ai
ElevenLabs
ElevenLabs is both an AI research firm and the producer of AI voice generation technology for personal and business use. It is frequently praised for its audio quality as well as its enterprise-level scalability and reasonable pricing structure. The company reached official unicorn status in January 2024, with an estimated value of $1.1 billion.
- Founded: 2022
- Founded By: Piotr Dąbkowski and Mateusz Staniszewski
- Category and Use Cases: AI voice generation, voice cloning, dubbing, text to speech, speech to speech, API, fully managed video and podcast dubbing
- Core Products and Solutions: Text to Speech, Speech to Speech, Projects, Dubbing ElevenStudios, API, Languages, Voice Cloning, and Voice Library
Colossyan
Colossyan is a leading competitor in the AI video generation space because its product includes several ways for users to create high-quality corporate training videos with no actors or scripting necessary. Customization is a core part of this solution, and the AI assistant is a helpful resource for users who want support in content creation.
- Founded: 2020
- Founded By: Dominik Mate Kovacs, Kristof Szabo, and Zoltan Kovacs
- Category and Use Cases: AI video templates, AI avatars, text to speech, AI assistant, auto translation, AI voices, custom avatars, prompt to video generation
- Core Products and Solutions: Colossyan
AssemblyAI
AssemblyAI is a unique generative AI company that focuses on speech AI modeling, specifically for transforming speech to text after important conversations and recordings, like calls, video meetings, and podcasts. The tool includes several enterprise-ready features, including strong sentiment analysis capabilities and PII redaction. Most recently, the company released Universal-1, a multilingual speech recognition model that apparently surpasses Whisper-3 in performance accuracy and speed.
- Founded: 2017
- Founded By: Dylan Fox
- Category and Use Cases: Speech AI modeling, speech to text, speaker diarization, auto punctuation and casing, confidence scores, automatic language detection, speech recognition modeling, streaming transcriptions, sentiment analysis, content moderation, PII redaction
- Core Products and Solutions: AssemblyAI, Universal-1, Speech-to-Text, Streaming Speech-to-Text, Speech Understanding, Audio Intelligence, and LeMUR
Plask
Plask creates technology to make animation easier and more cost-effective. The tool can be used to create animated or hyper-realistic 3D motion videos. It automates the entire process of creating designs and movement. This type of automated animation is certainly the leading edge of a larger trend, as AI influences movie and TV production by allowing faster, cheaper episode creation.
- Founded: 2020.
- Founded By: Jaejun Yu and Junho Lee
- Category and Use Cases: AI-generated animation, prototyping, AI motion capture, 3D character building
- Core Products and Solutions: Plask Motion
LOVO
LOVO is a video and voice AI generation company that offers most of its features through a comprehensive platform called Genny. It’s a solid contender for users who need a platform with high-quality features for both voice and video, as well as built-in features for AI art generation and AI writing.
- Founded: 2019
- Founded By: Tom Lee
- Category and Use Cases: AI video generation, voice cloning, content generation, art generation, text to speech, corporate training, social content generation
- Core Products and Solutions: Genny, Auto Subtitle Generator, Online Video Editor, AI Art Generator, Text to Speech, Voice Cloning, and AI Writer
DeepBrain AI
DeepBrain AI is an AI video generation company that is moving rapidly upward toward mainstream adoption. It includes many of the video features you would expect from generative AI video—AI avatars, AI voices, templates, and video editing tools, for example—but it takes things a step further with truly interactive conversational avatars.
Its AI Humans solution is currently taking the world by storm, with recent reports indicating that certain governments are investing in this technology to create virtual assistants for their bureaucracies, and others are investing in this technology to support communication needs for ALS patients and others with disabilities.
- Founded: 2016
- Founded By: Eric Seyoung Jang
- Category and Use Cases: AI video generation, AI video editing, AI avatars, deepfakes, text to video, text to speech, conversational AI, AI conversation simulations
- Core Products and Solutions: AI Studios and AI Human
Elai.io
Elai.io provides AI video generation tools to users of all backgrounds, but its emphasis is on business and enterprise audiences. Built-in collaborative features include interactive storyboarding, customizable brand kits, and API power to support custom and scalable use cases. While Elai.io is a new competitor in a marketplace that’s becoming crowded, its emphasis on the lucrative enterprise AI market gives it an edge.
- Founded: 2021
- Founded By: Vitalii Romanchenko and Alex Uspenskyi
- Category and Use Cases: AI video generation, custom avatars, voice cloning, text to video, AI storyboarding, AI video editing, auto translation, video personalization
- Core Products and Solutions: Elai platform, AI Storyboard, and API
Sudowrite
Sudowrite is a creative tool offered by a generative AI startup that provides AI support for writers and authors. With this platform, users can flesh out an existing outline, expand on their current story, bounce ideas off the intelligent agent, or take other steps to expand their creative stories—including with images. Though this is a controversial platform, especially among creatives, several users have commented on the impressive nature of Sudowrite’s capabilities.
- Founded: 2020
- Founded By: Amit Gupta and James Yu
- Category and Use Cases: AI writing assistant, AI content generation, autocompletion and expansion, AI rewrite, AI recommendations, AI art generation
- Core Products and Solutions: Sudowrite, Describe, Story Engine, Write, Expand, Rewrite, Feedback, Canvas, Brainstorm, Visualize, and Chrome Extension for Google Docs
Tavus
Tavus is a generative AI company that creates new versions of videos that users have already created based on specific viewer qualities and other personalization requirements. The foundational template videos that users create give Tavus enough material to generate believable audio and visuals for future videos on different topics, making it possible to record only one video and send custom messages to each of your contacts.
- Founded: 2020
- Founded By: Hassaan Raza and Quinn Favret
- Category and Use Cases: Automated video generation and personalization, voice cloning, media blending, lip sync, video templates, recruiting and marketing campaign videos
- Core Products and Solutions: Tavus, AI video APIs
Top 10 Generative AI Companies for Healthcare, Pharmaceuticals, and Life Sciences
Among the many ways these generative AI companies assist healthcare is by exponentially speeding up the process of medical research, allowing for faster discovery of lifesaving pharmaceuticals and other solutions.
Hippocratic AI
Hippocratic AI takes a unique and much-needed approach to AI healthcare software, offering a foundation model and comprehensive resources for managing patient care and relationships. The platform is designed to follow Health Information Privacy (HIPAA) and other ethical expectations for healthcare, with AI healthcare agents that have been scored and reviewed by nurses and healthcare professionals. Most recently, Hippocratic AI has received funding from and started a partnership with NVIDIA, so expect this platform to scale quickly in the coming months.
- Founded: 2022
- Founded By: Munjal Shah, Vishal Parikh, Meenesh Bhimani, Subho Mukherjee, Alex Miller, Saad Godil, Kim Parikh, Debajyoti Datta, and Paul Gamble
- Category and Use Cases: Generative AI healthcare agents, artificial health general intelligence (HGI), LLM designed with constellation architecture
- Core Products and Solutions: Polaris model and AI healthcare agents
Paige AI
Paige AI uses generative AI to optimize cancer diagnostics and pathology, using AI to research on topics like tissue response. The platform currently specializes in breast cancer and prostate cancer diagnoses but also offers other diagnostic resources for oncology professionals, hospitals, and labs.
- Founded: 2017
- Founded By: David Klimstra, Norman Selby, Peter Schüffler, and Thomas Fuchs
- Category and Use Cases: Cancer diagnostics, computational pathology, biomarker detection, AI-driven image viewer
- Core Products and Solutions: Paige platform, Paige Prostate Suite (including Paige Prostate Detect), Paige Breast Suite (including Her2Complete), and FullFocus
Iambic Therapeutics
Iambic Therapeutics, previously known as Entos, is a company made up of top scientists, biotechnology professionals, and machine learning experts who are working to optimize drug discovery and therapeutics in oncology and other challenging fields. Their pipeline therapeutics has several different candidates in early-phase trials right now or scheduled for the coming months. The company has also patented or contributed to several AI-driven computational processes for drug discovery, all of which are part of its flagship platform.
- Founded: 2019
- Founded By: Fred Manby, Sarah Trice, and Thomas Miller
- Category and Use Cases: Drug discovery and development, physics-informed AI design, high-throughput experimentation, generative diffusion for protein-ligand structure prediction, AI-accelerated quantum chemistry, multi-parameter lead selection, generative molecular design, oncology therapeutics
- Core Products and Solutions: Pipeline of oncology therapeutics, NeuralPlexer, OrbNet, PropANE, Magnet
Insilico Medicine
Insilico Medicine is a pharmaceutical research and development startup that uses generative AI and machine learning to create more efficient processes across biology, chemistry, and analytics. It’s focused on reducing the time and cost of drug development, particularly in areas such as immunology, oncology, central nervous system disorders, and fibrosis.
- Founded: 2014
- Founded By: Alex Zhavoronkov
- Category and Use Cases: Novel molecules generation with de-novo drug design and scalable engineering, clinical trial design and predictive AI, deep biology analysis engine for multi-omics target discovery
- Core Products and Solutions: PHARMA.AI Suite, PandaOmics, Generative Biologics, Chemistry42, and inClinico
Etcembly
Etcembly is a company that is improving T-cell receptor immunotherapies with its machine-learning platform, EMLy. The platform sifts through complex TCR patterns and datasets to discover and identify personalized TCR therapeutic options for patients. Near the end of 2023, the company also developed what it touts as the world’s first immunotherapy drug designed through generative AI.
- Founded: 2020
- Founded By: Michelle Teng and Jacob Hurst
- Category and Use Cases: ML database for TCR immunotherapies, AI-driven TCR discovery and identification, computer-assisted engineering, biotechnology, generative AI drug design
- Core Products and Solutions: EMLy, bispecific T cell engager
Biomatter
Biomatter uses its Intelligent Architecture platform to design and develop proteins for health and sustainable manufacturing. It also goes beyond more traditional human protein expectations and supports use cases across molecular biology, food and beverage, biotherapeutics, and agriculture projects.
- Founded: 2018
- Founded By: Donatas Repečka, Laurynas Karpus, Rolandas Meškys, and Vykintas Jauniskis
- Category and Use Cases: Enzyme and protein design, sustainable manufacturing, biotherapeutics
- Core Products and Solutions: Intelligence Architecture platform
Activ Surgical
Activ Surgical uses intraoperative surgical intelligence to give surgeons real-time information and better visuals during surgery. With some of the company’s most recent developments, surgeons can also perform surgeries with the help of augmented reality overlays.
- Founded: 2017
- Founded By: Peter Kim and Seth Teicher
- Category and Use Cases: Surgical intelligence and assistance, multimodal advanced visualization, tissue evaluations
- Core Products and Solutions: ActivEdge Platform, ActivSight Intelligent Light
Kaliber Labs
Kaliber Labs focuses on developing AI-powered surgical software for arthroscopic surgery needs. The company also provides solutions, such as Rekap, to help patients and other members of the surgical team get the analytics and other information they need more seamlessly.
- Founded: 2015
- Founded By: Ray Rahman
- Category and Use Cases: Digital surgical assistance, AI-labeled patient communication platform, AI-powered feedback for surgeons, automated surgery stage recognition.
- Core Products and Solutions: Still in development; some will require FDA approval
Osmo
Osmo, founded in 2023 as a spinout from Google Research, uses machine learning and has created a map of odors and scents to help computers predict how something smells based on its molecular structure. From there, the company has begun working on “teleporting scent” and generating artificial smells. It hasn’t gone much farther than that at this point, but the vendor has stated its goal to use this technology to support human health and wellness.
- Founded: 2023
- Founded By: Alex Wiltschko
- Category and Use Cases: Olfactory science and computer smelling capabilities
- Core Products and Solutions: Osmo AI, Scent Teleportation (in the works)
Aqemia
Aqemia uses AI that includes experimental data to scale drug discovery in the pharmatech space. The company touts how it uses both quantum and statistical mechanics algorithms to achieve better outcomes for critical and niche disease categories. At the end of 2023, a $140 million multi-year collaboration with Sanofi was announced, so expect to see more innovations from Aqemia on the horizon.
- Founded: 2019
- Founded By: Emmanuelle Rolland-Martiano and Maximilien Levesque
- Category and Use Cases: Drug discovery, drug discovery pipeline, drug design
- Core Products and Solutions: Drug discovery pipeline; more in the works
Top 4 Generative AI Companies for Synthetic Data and Data Analytics
Synthetic data is computer generated data, which allows AI models to be productive without using personal information, among other advantages. The following generative AI firms focus on synthetic data and data analytics to serve the enterprise market.
Synthetaic
Synthetaic’s platform, RAIC, is primarily designed to generate AI models that can ingest and analyze unstructured and unlabeled datasets from videos, satellite imagery, and video and drone footage. The company famously tracked the origin of a Chinese balloon in February 2023. The company has also partnered with Microsoft and received additional funding for image-focused data analysis, which will likely lead to new products and use cases in the near future.
- Founded: 2019
- Founded By: Corey Jaskolski
- Category and Use Cases: AI prototyping, unstructured data analysis, geospatial analysis, drone-based monitoring, content moderation, model training, unlabeled data ingestion, video security
- Core Products and Solutions: RAIC
Synthesis AI
Synthesis AI is a cutting-edge synthetic data generation company that creates computer-vision-driven imagery, videos, and human simulations. Focused on ethical AI development, its use cases span across industries. Most recently, the company also started OpenSynthetics, an open community for synthetic data usage and development.
- Founded: 2019
- Founded By: Yashar Behzadi
- Category and Use Cases: Synthetic data generation for computer vision, image labeling, image generation, video generation, ID verification, automotive and driver monitoring, pedestrian detection, teleconferencing, security scenarios, virtual try-on, avatar creation, AR/VR/XR, 3D human models
- Core Products and Solutions: Data Visualizer, OpenSynthetics
Syntho
Syntho is a synthetic data generation startup that uses generative AI to create synthetic data twins of actual sensitive data. Syntho’s Syntho Engine is often used for realistic product demos, data analytics, and test data generation. Key reasons why users select this platform include its comparative ease of use and democratized approach to synthetic data generation and analytics.
- Founded: 2020
- Founded By: Marijn Vonk, Simon Brouwer, and Wim Kees Janssen
- Category and Use Cases: Synthetic data generation, test data generation, data analytics, smart de-identification
- Core Products and Solutions: Syntho Engine
GenRocket
GenRocket is a synthetic data generation solutions provider that emphasizes automation and enterprise-level scalability for data. Test data can be automatically generated, and what’s more, it can be generated in a dynamic format that’s easy to adjust and scale up as needed. The platform works across a variety of industries and use cases, including finance and insurance, healthcare, AI and ML model testing, ETL and big data testing, and other digital transformation projects.
- Founded: 2012
- Founded By: Garth Rose and Hycel Taylor
- Category and Use Cases: Synthetic data generation, data management, test data generation, data subsetting, data masking, data security, anomaly detection, fraud detection
- Core Products and Solutions: GenRocket Test Data Automation (TDA)
Top 7 Generative AI Companies for Customer Service and Customer Experience
There are countless ways that AI can assist with customer service, sometimes by replacing workers, in other scenarios by supporting them. The following generative AI outfits are catering to this exceptionally rapidly growing market.
Gridspace
Gridspace offers solutions for organizations that want to better automate, manage, and analyze contact center and customer interactions. The company offers voice bots and live agent training, making it possible to create a hybrid bot-human agent workforce in healthcare, retail, and other customer-service-driven sectors.
- Founded: 2012
- Founded By: Anthony Scodary, Evan Macmillan, and Nico Benitez
- Category and Use Cases: Conversational AI, virtual agents and voice bots, virtual contact centers, observability and call monitoring, customer service
- Core Products and Solutions: Gridspace Grace, Gridspace Sift Analytics, and Gridspace Pulse
Revery AI
Revery AI offers a virtual dressing room and try-on experience that uses generative AI to help users more accurately visualize how clothing will look on them in real life. The company has partnered with some fashion retailers to create a more integrated virtual shopping experience for users, and through this process has developed a more comprehensive AI shopping assistant.
- Founded: 2020
- Founded By: Jeffrey Zhang and Kedan Li
- Category and Use Cases: Virtual dressing room and try-on, virtual reality, garment tagging and classification, garment segmentation, smart shopping assistant, e-tail.
- Core Products and Solutions: Revery
Veesual
Veesual is a generative AI startup that uses deep learning and image generation to enable virtual try-ons for fashion and e-commerce. It gives users the ability to select the body-type model that looks most like them and then sort through high-res images of different clothing items on that model.
- Founded: 2020
- Founded By: Damien Meurisse, Eric Gillaume, and Maxime Patte
- Category and Use Cases: Virtual try-on and image generation
- Core Products and Solutions: Mix & Match, Switch Model, and Digital Dressing Room
Frame AI
Frame AI is a customer service and general audience analytics platform that uses artificial intelligence to support users who want to better understand their audiences’ wants and needs. The company focuses on behavioral and sentiment analysis, customer-specific insights, and customer segmentation. The platform uses stream-trigger augmented generation architecture rather than retrieval-augmented generation (RAG), meaning it’s focused on paying close attention to what’s happening in your business’s specific data stream and building intelligence around that.
- Founded: 2016
- Founded By: George Davis, Brandon Reiss, Jesse St. Charles, John Gu, and Robbie Mitchell
- Category and Use Cases: AI analytics for customer service, AI answer engines, trend detection, marketing, customer service, product feedback, stream-trigger augmented generation (STAG)
- Core Products and Solutions: Frame AI
Zowie
Zowie is a generative AI and conversational AI company that focuses on customer service in e-commerce environments. The platform includes a wide variety of intelligent customer support chatbots, including bots that are focused on email and sales conversations. The company also operates with its own LLM, X2, which is specifically designed for e-commerce conversational scenarios and is compliant with both GDPR and SOC-2.
- Founded: 2018
- Founded By: Maja Schaefer and Matt Ciolek
- Category and Use Cases: AI customer service, e-commerce customer service, conversational AI, chatbot, business intelligence, e-commerce focused LLM
- Core Products and Solutions: Zowie Chatbot, Zowie Emailbot, Zowie Inbox, Zowie Salesbot, Zowie Proactive Chats, Zowie Business Intelligence, and Zowie X2
Forethought
Forethought is a top provider of generative AI-driven customer service technology, with various features built in to help businesses understand and better direct customer queries more efficiently. At this time, most of Forethought’s customers are focused in e-commerce, SaaS, fintech, and travel companies. At the end of 2023, the company began to use Autoflows, a new feature for its Solve product that helps users autonomously manage policy creation and issue resolution for a variety of customer service and ticketing workflows.
- Founded: 2017
- Founded By: Deon Nicholas, Sami Ghoche, and Colm Doyle
- Category and Use Cases: AI-powered customer service, AI-powered employee resources, support ticket management, conversational routing
- Core Products and Solutions: SupportGPT, Triage, Assist, Autoflows, Solve, and Discover
Lily AI
Lily AI is a product management and customer service AI company that helps retail businesses understand their customers and create smoother shopping experiences. The platform includes features for product attribution and labeling, site search support, AI-powered recommendations, and demand forecasting. With recent funding rounds and the introduction of a customer-focused content generation solution to the Lily AI stack, expect to see more growth from this company in the coming months.
- Founded: 2015
- Founded By: Purva Gupta and Sowmiya Narayanan
- Category and Use Cases: Branded content generation, product description generation, demand forecasting, recommendations, site search
- Core Products and Solutions: Product Attribution, Lily E-Commerce, and Lily Demand Forecasting
Top 8 Generative AI Companies for Gaming and Entertainment
Gaming, with its enormous need for audio and video support, is a natural sector for generative AI to support. The following generative AI leaders play a role in both audio-video creation and gaming itself.
Runway
Runway is an established leader in AI-powered, cinema-quality video and content production. Specifically with Runway Studios, filmmakers of varying skill levels can use Gen-1 and Gen-2 models, as well as several other image and content editing tools, to create high-quality video content without actors or original footage. With OpenAI’s recent announcement of the text-to-video platform, Sora, Runway is expected to compete against the new tool and perhaps optimize its existing feature set or add new features to win this race.
- Founded: 2018
- Founded By: Cristóbal Valenzuela, Anastasis Germanidis, and Alejandro Matamala-Ortiz
- Category and Use Cases: Text to video generation, video to video generation, text to image generation, image to image generation, frame interpolation, image expansion, 3D texture generation, image variations, inpainting, motion tracking, image editing and effects
- Core Products and Solutions: Gen-1, Gen-2, and Runway Studios
Latitude.io
Latitude.io is one of the first and foremost providers of AI-generated gaming experiences. With its flagship AI Dungeon, users can enter actions into the game while AI drives the rest of the game narrative forward.
- Founded: 2019
- Founded By: Alan Walton and Nick Walton
- Category and Use Cases: Gaming
- Core Products and Solutions: AI Dungeon
Character.AI
Character.AI is a company that offers creative ways to develop and chat with user-created characters. Though the tool can simply be used for fun conversations with “real” or imagined people, it can also be used to simulate important conversations like job interviews.
- Founded: 2021
- Founded By: Daniel De Freitas and Noam Shazeer
- Category and Use Cases: Character generation with virtual chat and entertainment.
- Core Products and Solutions: Character.ai
Charisma Entertainment
Charisma Entertainment provides a plug-and-play platform for various entertainment companies and storytellers to create realistic characters and storylines that adjust to player/user inputs. Examples of media created with Charisma include The Kraken Wakes game and the Will Play virtual learning platform.
- Founded: 2015
- Founded By: Guy Gadney
- Category and Use Cases: AI storytelling, entertainment, gaming, virtual learning, intelligent character development, scripting tools, generative AI dialogue engine
- Core Products and Solutions: Charisma.ai
Replika
Replika is a generative AI solution that creates AI companions for human-like chats that have a more personal touch. The interface of this app is designed to not only allow users to have realistic conversations but also to spend time with their Replika characters in augmented reality experiences.
- Founded: 2015
- Founded By: Eugenia Kuyda
- Category and Use Cases: Conversational AI, AI companion/avatar generation, augmented reality
- Core Products and Solutions: Replika
Aimi.fm
Aimi.fm provides users with a generative AI music player that generates endless loops of music in different genres for listeners. With Aimi Studio, music producers of all skill levels can access basic music creation functionalities. With Aimi Music Services, music-as-a-service capabilities are available for business and enterprise users who want to create copyright and royalty-free music.
- Founded: 2019
- Founded By: Edward Balassanian
- Category and Use Cases: Generative music creation, music production, content curation
- Core Products and Solutions: Aimi, Aimi Studio, and Aimi Music Services
Inworld AI
Inworld AI is a company that uses generative AI and text-to-character prompts to help gaming and media companies make non-player characters (NPC) seem more realistic. These characters may appear in traditional video games, VR, training, and other types of digital entertainment and experiences.
- Founded: 2021.
- Founded By: Ilya Gelfenbeyn, Kylan Gibbs, and Michael Ermolenko
- Category and Use Cases: NPC character generation, gaming, training and education, customer experience agents, other forms of digital entertainment and interaction
- Core Products and Solutions: Inworld Engine, Inworld Studio, Inworld Core, and Inworld Arcade
SOUNDRAW
SOUNDRAW is a generative AI solution for music composition that can be tailored to different genres, instruments, and other musical variables. It is most frequently used to generate music that is placed in the background of videos. The company also offers a music generation API to support business users who want to incorporate custom music into their products.
- Founded: 2020
- Founded By: Daigo Kusunoki
- Category and Use Cases: Music and audio generation for videos, podcasts, games, social media, TV, radio, and other mediums
- Core Products and Solutions: SOUNDRAW, AI Music Generation API
Top 8 Generative AI Companies for Project Management, Legal, and Business Operations
With its ability to read and create text, generative AI has numerous applications in workflow management, which allows the following AI companies to play a key role across various business sectors.
Notion
Notion has found much of its success in providing task management and other kinds of daily work management tools for creatives and other project teams. Notion AI was released to the public in early 2023 and quickly gained traction as an option for teams that want to summarize notes, generate and fill out tables, create quick lists and action items, and write emails with the help of generative AI.
- Founded: 2013
- Founded By: Chris Prucha, Ivan Zhao and Simon Last
- Category and Use Cases: Content generation, content summarization, content suggestions and translations, Q&A, note taking, email writing, task management
- Core Products and Solutions: Notion AI, Wikis, Projects, and Docs
Harvey
Harvey is a legal AI startup that has grown incredibly quickly, reaching an estimated $715 million valuation after about a year in operation. The company targets its solutions for elite law firms and professional services firms, now offering its tools and support through a Microsoft Azure professional services platform. With recent additional funding rounds, a growing number of top-tier law firm partnerships, and its recent acquisition of Mirage, Harvey is a startup to watch in the legal sector.
- Founded: 2022
- Founded By: Winston Weinberg and Gabriel Pereyra
- Category and Use Cases: Legal generative AI, AI support for professional services, AI chatbot, AI-powered professional services platform
- Core Products and Solutions: AI-powered professional services platform on Microsoft Azure; most other solutions in the works or under wraps
Ironclad
Ironclad offers AI contract management software for industries and use cases ranging from legal and procurement to marketing, sales, IT, HR, and finance. The platform is designed to help users manage the entire contract lifecycle, providing tools for designing, editing, and reporting on the results of different contracts and terms. Ironclad AI is a subset of the larger Ironclad platform that includes intelligent contract analysis and management tools for automated approvals, flagging, and other support, which frees up human employees for more complicated tasks and strategy work.
- Founded: 2015
- Founded By: Jason Boehmig and Cai GoGwilt
- Category and Use Cases: AI-powered contract lifecycle management, workflow designer, AI editor, reporting, embedded contracts, terms management
- Core Products and Solutions: Ironclad CLM Software and Ironclad Clickwrap
Taskade
Taskade is a productivity and task management solutions company that uses AI agents, AI writing assistants, and other AI-supported tools to help users manage their tasks more effectively. Users can take advantage of Taskade for task list generation and other creative project management visualizations, as well as for more automated workflows in PM, marketing, and sales task management.
- Founded: 2017
- Founded By: John Xie, Dionis Loire, and Stan Chang
- Category and Use Cases: AI task management, AI writing assistant, AI agents, mind map and flowchart creation, project management, marketing assistant, AI prompt templates, document summarization, AI personas, action item and task generation
- Core Products and Solutions: Taskade AI, powered by either OpenAI GPT-3.5 Turbo, GPT-4, or GPT-4 128K
Humata
Humata is an AI knowledge base tool that focuses on helping users quickly get useful information out of PDFs and files, even if they’re incredibly long and dense. Users can upload as many files as they want, ask questions of the files, and highlight important citations for continued reference. A free version of this tool is available, but it also scales to enterprise-level requirements and includes enterprise security and compliance protections.
- Founded: 2022
- Founded By: Cyrus Khajvandi and Dan Rasmuson
- Category and Use Cases: PDF AI, content summarization for documents and files, document-focused Q&A, AI chat, citation highlights, website embedding
- Core Products and Solutions: Humata
Simplifai
Simplifai is an AI-powered automation platform and offers solutions primarily for banking, finance, insurance, and public sector companies. The platform includes many features to help users more effectively manage claims, debts, and other complicated document formats. With its commitment to GDPR, ISO/IEC 27001:2013, and other data privacy and security protocols—as well as its purpose-built InsuranceGPT tool—Simplifai is a leading provider of AI tools for highly regulated FinTech businesses.
- Founded: 2017
- Founded By: Bård Myrstad and Erik Leung
- Category and Use Cases: Intelligent automation, business process automation, AI-powered chat and customer service, claims and document handling, compliance management, banking and finance, insurance, public sector
- Core Products and Solutions: Simplifai AI Automation Platform, Insurance GPT, Chat Processing Module, Document Processing Module, and Written Inquiry Processing Module
PatentPal
PatentPal is a tool that is specifically designed with patent law requirements in mind. It reviews claims that have been written by an author (often a lawyer) in order to generate tonally and factually accurate patent specification drafts on its own. The goal is to streamline the effort to protect intellectual property.
- Founded: 2018
- Founded By: Jack Xu
- Category and Use Cases: Content generation and summarization for patent applications and intellectual property
- Core Products and Solutions: PatentPal
Adept AI
Adept AI is a newer OpenAI competitor that relies on AI and natural language processing commands to create better interactions between humans and computers in the workplace. It automates and simplifies workflows in common business tools, including Salesforce and Google Sheets. Its ACT-1 model is an established offering, and at the beginning of 2024, Adept released Adept Fuyu-Heavy, a highly capable multimodal AI model that should expand Adept AI’s customer base.
- Founded: 2022
- Founded By: Ashish Vaswani, David Luan, and Niki Parmar
- Category and Use Cases: Business and software development, process automation, in-app task and goal development, generative AI models, multimodal content generation
- Core Products and Solutions: ACT-1, Adept Fuyu-Heavy
Top 3 Generative AI Startups for Chatbots, Search, and Personal Assistance
The AI chatbot sector is clearly the most active and established area for generative AI, with an extended list of top AI chatbots now in use. The following companies are a brief sampling of the many top contenders.
Perplexity AI
Perplexity AI is an AI search engine with an interface that resembles other leading chatbots and LLMs, but with a greater focus on personalization and conversational accessibility. In Perplexity’s output, a detailed response and explanation is presented; several sources and relevant images are included in these results, as well as related queries that can support users who want to continue their research. In essence, this tool combines the best of a traditional search engine with an AI model’s power and conversational capabilities.
- Founded: 2022
- Founded By: Aravind Srinivas, Denis Yarats, Andy Konwinski, and Johnny Ho
- Category and Use Cases: AI search engine, conversational AI, contextual AI
- Core Products and Solutions: Perplexity
Andi
Andi is a generative-AI search bot with a friendly tone that not only helps users search for information across the web but also summarizes and further explains that information. As the company explains, “Andi is designed from the ground up to not generate the sort of made-up rubbish and fake sources that you see with GPT-based chatbots.” Using current search results helps support this goal. Additionally, users appreciate Andi’s clean interface and lack of ads.
- Founded: 2021
- Founded By: Angela Hoover
- Category and Use Cases: AI semantic search, chatbot, search results summarization
- Core Products and Solutions: Andi
You.com
You.com is a private and secure search engine that summarizes and personalizes results with generative AI. The generative AI solution is available as a Chrome extension and can be used through iOS, Android, and WhatsApp. The company also boasts YOU API, which it claims is the first full web index for large language models.
- Founded: 2020
- Founded By: Bryan McCann and Richard Socher
- Category and Use Cases: AI-driven search, AI assistant, AI chat, content generation, content summarization and personalization
- Core Products and Solutions: You.com, YOU API, and YOU LLM OS
Why Is Generative AI Important?
The rise of generative AI startups underscores the importance of this technology, as it enables all manner of content creation, making AI more accessible and useful to a larger audience. Individuals can use generative AI in their daily lives at little to no cost. Among the many advantages, breakthrough innovations in areas like medical imaging and drug discovery are now possible to develop at scale because of generative AI. This technology can also better define, contextualize, and automate business operational tasks than previous types of AI ever could, meaning it’s already being applied to many enterprise use cases.
How Does Generative AI Work?
Depending on what users are trying to create, generative AI uses different types of large language models that undergo extensive training with massive datasets and deep learning algorithms on an ongoing basis. This type of training allows generative AI tools to pull data-driven knowledge from all corners of the web and other information resources, which makes it possible for AI software to generate believable, human-like text and results.
The deep learning, neural network design mimics the functioning of the human brain. Consequently, generative AI software can understand context, relationships, patterns, and other connections that have traditionally required human thinking to grasp.
FAQs
Generative AI startups are newer companies that develop and commercialize artificial intelligence systems capable of generating content such as text, images, music, code, or even video—based on data they’ve been trained on. Some notable startups include OpenAI, Anthropic, Stable Diffusion, and Jasper.
Despite Chat-GPT’s powerful functionality and wide-ranging usage, it’s not always the best generative AI platform; the best is the tool that helps you achieve your specific goals within your desired budget. For example, if you need help creating videos, you’ll favor a generative video platform over Chat-GPT.
The downsides of generative AI include increased spread of misinformation, intellectual property issues, job loss, and other ethical problems, for instance, cheating on school essays.
Like any new groundbreaking technology, generative AI may replace some jobs, especially in white collar professions, but overall the long term effect will likely be one of job augmentation and change. It’s unlikely to ever replace all humans.
ChatGPT is a generative AI tool that can understand, summarize, and generate various forms of data, including text, images, and code.
Bottom Line: Generative AI Startups Are Reshaping Tech
Ever since the debut of ChatGPT in November of 2022, generative AI and artificial intelligence in general has taken a huge leap forward and permeated various industries and business sectors. Managers, consumers, and investors have all woken up to the vast potential for generative AI to support or take over countless tasks, freeing up actual humans to do higher-value work.
It’s the young companies on this list that are reshaping the future of AI, which in turn will shape the future of technology and society at large in many profound ways. Much like with any other nascent and dynamic area of technology, expect these players to shift their products, roles, and impact in the coming months and on an ongoing basis; the only constant is ceaseless change.
Read What Is a Generative AI Model? To learn how generative AI models work and how users can make the most of their capabilities.