50+ AI (artificial intelligence) Startups

50+ artificial intelligence startups you should get to know

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Artificial intelligence (AI) is the simulation of human intelligence processes by machines, especially computer systems. These processes include learning (the acquisition of information and rules for using the information), reasoning (using rules to reach approximate or definite conclusions) and self-correction. Particular applications of AI include expert systems, speech recognition, and machine vision.

With AI playing an increasingly major role in modern software and services, each of the major tech firms is battling to develop robust machine-learning technology for use in-house and to sell to the public via cloud services. Each regularly makes headlines for breaking new ground in AI research, although it is probably Google with its DeepMind AI AlphaGo. On 26 January 2014, Google announced the company had acquired DeepMind for $500 million, and that it had agreed to take over DeepMind Technologies.

In September 2015, Apple purchased a speech recognition startup VocalIQ. Microsoft's took note and In February 2016, SwiftKey, a machine learning-powered keyboard was purchased by Microsoft, for $250 million. In June 2016, Twitter's acquired Magic Pony, a machine-learning startup that specializes in visual processing or put simple Photo-recognition technology for $150 million.

According to a report by a 2018 McKinsey Global Institute, AI could contribute an additional global economic activity worth around $13 trillion by 2030, by which point around 70 percent of companies will have adopted at least one form of AI. As a country, China is pursuing a three-step plan to turn AI into a core industry for the country, one that will be worth 150 billion yuan ($22bn) by 2020.

The GrowList Team has spent hours going through hundreds of AI startups. Here are the most interesting companies that we have discovered which we think will be at the forefront of AI.

AI Startups

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