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The Future is AI: How US and India are Leading the Race in AI Innovation

“The Future is AI”. Indian Prime Minister Narendra Modi during his visit to the US on June 24 gifted a T-shirt to US President Joe Biden with the exact words written on it.

The partnership between US and India is bright for Artificial Intelligence. Since ChatGPT’s launch in September 2022, there has been a record rise use of AI-enabled tools. Soon after Google launched its own AI platform Bard to compete with Microsoft.

These Generative AI tools have caught people’s attention and have been used almost in our daily work life. The ability to write text, generate code, and create art has attracted people to experiment on their own.

In this article, we will learn how some top companies in US and India are leading the race in AI innovation.

Top AI Companies in the USA

Here are some of the renowned companies in the US that are leading the AI revolution.

  1. OpenAI

OpenAI was founded by Elon Musk, Sam Altman, and others in 2015 and is headquartered in San Francisco. The motto of the company is to ensure artificial intelligence benefits all humanity.

The company had built various tools, including the most popular ChatGPT, which can answer anything and write basic coding for developers. The other tool developed is DALL-E, which can create images by simply writing a description of it.

The company has approximately 375 employees as of 2023. OpenAI received funding of $1 billion in 2019 and another $10 billion in 2023, from Microsoft.

OpenAI uses NLP models to understand general human interface content, enabling a wide range of application processes like chatbots, content generation, etc. The model is trained with GPT-4, which is the most advanced language currently available in the market.

  1. Jasper AI

Jasper is an AI-writing assistant tool founded by Dave Rogenmoser in 2020 and headquartered in Austin, Texas. The software is beneficial for marketers and content creators to write high-quality engaging content.

The AI tool can easily write blog posts, social media captions, ad copy, product descriptions, etc. It contains a variety of tones to write text such as formal, informal, persuasive, etc. It can translate text into 20 languages, which becomes a valuable option for businesses to communicate in different languages.

The company has entered into a partnership with Google Cloud, that will allow Google users to purchase Jasper licenses. The partnership will help in greater personalization and on-brand writing assistance to the users

  1. Eightfold AI

Eightfold AI specializes in building AI software platforms for recruiting and talent management. The company was founded in 2016 by Ashutosh Garg and Varun Kacholia. The headquarters is located in California, United States.

Eightfold recently announced the launch of its new Talent intelligence Copilots to offer assistance to both employers and recruiters. The company focuses on using deep learning to understand a job applicant’s skills, abilities, and learning process.

The Employee Copilot is created to assist employees in identifying career education opportunities, and opportunities within the organization. On the other hand, Recruiter Pilot helps recruiters with interview schedules and creating job descriptions using NLP.

  1. C3 AI

C3 AI is one of the leading enterprises in AI software development. It was founded by Thomas Siebel in 2015. The C3 AI platform is the forerunner product of the company. It is an end-to-end platform for developing and operating various applications.

There are pre-built applications available such as fraud detection, supply chain management, and customer engagement. The company’s presence is found in various industries that include, manufacturing, energy, finance, and government.

C3AI has raised more than $1 billion in funding from investors such as Accel Partners, Greylock Partners, and Kleiner Perkins Caufield & Byers.

  1. Azilen Technologies

Azilen Technologies is a leading AI consulting and product engineering company based in San Francisco, California. The company was founded by Naresh Prajapati and Niket Kapadia in 2009.

The company helps organizations of all sizes utilize AI’s power to achieve their goals. The services provided include AI product development, Enterprise AI Consulting, NLP, and Data Engineering.

Azilen’s expertise ranges to a variety of industries that including HRTech, Fintech, Retail, and Hospitality. From consulting to UX engineering, software design & development, test automation, DevOps, and modernization of software products, the company engages with product companies to build a competitive advantage with the right mix of technology skills, knowledge, and experience.

Top AI Companies in India

  1. Happiest Minds

Happiest Minds is a multinational company headquartered in India and is founded by Ashok Soota. The company’s AI involvement includes NLP, Image analytics, video analytics, and augmented intelligence.

The company has a positive track record, delivering significant profit over the years. It aims to double its investment in AI in the upcoming two years. With the growing demand for artificial intelligence, machine learning, and statistical models to handle large databases, the company wants to increase its revenue from AI which currently stands at 12.2 percent.

  1. Tata Elxsi

Tata Elxsi is a multinational technology design and engineering services company that provides AI-enabled solutions across various industries. The company was founded in 1989 and was later acquired by Tata Group.

The company offers various AI products and services such as TESA and AI CoE.

TESA is an AI-enabled smart platform that is built to increase the pace of development for autonomous and intelligent systems. The system can be easily trained to generate real-world data algorithms.

On the other hand, AI CoE offers a cloud-based integrated data analytics framework where customers can configure the landscape to gather actionable insights and better results.

The company has recently expanded its network in the North American region. As the demand for EVs and green mobility increases, it intends to grow its center from 50 to 200 by 2025.

  1. Fractal Analytics

Fractal Analytics is another popular company that offers AI services in sectors like insurance, healthcare, retail, and technology. The company was founded in 2000 and has a presence in over 16 global locations.

The company provides AI services that offer ML and artificial intelligence end-to-end solutions. Additionally, fractal helps companies make better financial decisions, including revenue forecasting, fraud identification, and understanding investment portfolios.

The company has been recognized as a Leader in the Forrester Wave for Customers Analytics Service Provider for two consecutive years.

  1. SigTuple

SigTuple specializes in the healthcare domain. The company uses AI-powered intelligent screening solutions for diagnosis using visual medical data.

The company was founded in 2015 and is headquartered in Bengaluru. The company’s forerunner product A100 is a portable AI-enabled microscope that can digitally analyze blood and urine samples.

SigTuple has partnered with top medical institutions and medical specialties to develop its AI tool. Additionally, it also provides a cloud-based platform named Manthan, that can analytics from raw and unstructured data.

The startup has recently raised $4.3M in funding to expand its geographical footprint. As per its expansion plans, the company has its eyes on key markets of South East Asia, MENA, Europe, and North America.

  1. DatatoBiz

DatatoBiz is an AI consulting firm, that helps companies to implement AI solutions. The company was founded in 2018 and is headquartered in Chandigarh.

The services provided include strategy development, implementation, and training. DatatoBiz has a vast experience in a wide range of industries that include, finance, retail, and healthcare.

The company assists SMEs and large enterprises to make more informed decisions and deploy models with faster solutions.

Final Thoughts

There is no doubt that AI will play a crucial role in shaping our world. Both India and US have emerged as leaders in artificial intelligence, with companies piloting advancements in software product development.  The strategic partnership between the US and India in the domain of AI is flourishing, with investments and expertise driving the innovation.

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