Reporting by Helen Popkin, Aayushi Pratap and Nina Wolpowhe Covid-19 pandemic was devastating for many industries, but it only accelerated the use of artificial intelligence across the U.S. economy. Amid the crisis, companies scrambled to create new services for remote workers and students, beef up online shopping and dining options, make customer call centers more efficient and speed development of important new drugs.
Even as applications of machine learning and perception platforms become commonplace, a thick layer of hype and fuzzy jargon clings to AI-enabled software.That makes it tough to identify the most compelling companies in the space—especially those finding new ways to use AI that create value by making humans more efficient, not redundant.
Our list was compiled through a submission process open to any AI company in the U.S. and Canada. The application asked companies to provide details on their technology, business model, customers and financials like funding, valuation and revenue history .received several hundred entries, of which nearly 400 qualified for consideration. From there, our data partners applied an algorithm to identify 100 companies with the highest quantitative scores—and that also made diversity a priority.
Looking ahead, judge Andrew Ng, founder of Google Brain, cofounder of Coursera and founder and CEO of Landing AI, sees more opportunities for AI to help manufacturers and healthcare providers with data tailored to their specific needs.