US companies gain terrain in the race to Dominate AI.
The US has a massive lead in the AI race, powered by big tech companies and AI-specialized startups. Here are some AI heroes of the future.
Transformative technologies like electricity and the internet have improved our living standards, created new industries, enhanced our capabilities, and catalyzed further technology growth. AI will be the new foundation of modern industries in the coming decades and shape the economic world order. It is already being used to develop autonomous vehicles, predict diseases through genetic data, create high-frequency trading bots, recommend Youtube videos, and more.
The Transformative Power of AI
The Computational Biology department at the University of Washington (UW), Seattle, is using AI to design new antibiotics and vaccines within a few days, a task which required months earlier. Similarly, Google DeepMind’s AlphaGo AI defeated Lee Se-dol, South Korean Go champion, in 2016. It was previously believed to be impossible because a Go game can theoretically have more board setups than the total number of atoms in the observable universe. AlphaGo Zero AI is the undefeated champion of Go in the world. Some companies also help democratize data and propagate the development of AI. The Google Brain Team launched TensorFlow in 2015 as an open-source library for AI developers and researchers.
How US Companies are Winning the AI Race
The three critical elements for the development of AI are people, infrastructure, and funding. The US has a formidable edge in talent and computational capability as it is home to some of the biggest tech companies in the world like Facebook, Alphabet, Intel, Microsoft, and Amazon. These tech giants collectively hold the highest number of AI patents in the world and are responsible for aggregating a massive global talent pool.
Many industries have adopted AI for predictive maintenance, data analyses, virtual reality, manufacturing automation, autonomous vehicles, disease mapping, antibiotic engineering, and more. While most top tech companies use AI to solve their business challenges, several AI startups are helping businesses leverage AI opportunities in new sectors.
Viz AI: Faster HealthCare for All
Viz AI is an AI-focused healthcare company specializing in the early detection of life-threatening diseases. It automatically connects patients with specialists based on CT scans done at the primary hospital. The algorithm also synchronizes critical health data so specialists fully know the patient’s condition before entering the hospital. It also develops AI-powered workflows that automatically detect certain life-threatening conditions like a stroke, pulmonary embolism, and aneurysm and shares the data with all locally available specialists. It can save time during emergencies and ensure that patients end up at the right hospital at the right time. Many hospitals in the US are using Viz AI to enhance their synchronized stroke care process independently.
Databricks: Democratizing Data through AI
An essential component of a robust AI ecosystem is data. Data is generated everywhere in the modern world of interconnected devices, and consumers leave data footprints throughout the internet. San Francisco-headquartered DataBricks is one of the best data lakehouses in the world, helping businesses process this enormous data into actionable strategies to achieve better targets. It is currently valued at $28 billion and regarded as one of the leaders in data farming and analysis.
AMP Robotics: AI for Recycling Waste
California-based AMP Robotics specializes in waste recognition and recycling automation. AMP Neuron is a robust AI algorithm that can identify thousands of material types from a stream of waste flow with outstanding accuracy. It can distinguish between different types of plastics, papers, multilayer packages, polymers, etc. Its deployed assets are continuously learning from more than 50 billion scanned items annually, increasing its accuracy in waste detection. The company was featured as one of the Forbes Top Artificial Intelligence Companies To Watch In 2021 list due to its unique capabilities and noble approach.
DataRobot: Exploring Big Data for Industries
Massachusetts-based DataRobot is a leading AI analyst for advanced data processing. The company was founded in 2012 and is currently valued at US$6.3 billion. It specializes in data engineering, machine learning, MLOps, augmented intelligence, and decision intelligence capabilities. It provides AI services to Bank of America, CVS, and United airlines. The company acts as an AI enabler for businesses that want to implement AI technology into their workflow. Its capabilities include automating end-to-end processes, scaling AI penetration, and maintaining deployed AI assets. Tech startups like DataRobot are helping explore the possibilities of AI in businesses at large.
Farmwise: AI-Powered Organic Farming
Farmwise uses robots with deep machine learning capabilities to help farmers eliminate weeds from their farms. The process is totally automated and chemical-free. The technology uses advanced AI cameras to capture aerial images of a farm and identify plant species. Next, it mechanically destroys weeds while keeping the crop untouched. Farmwise can also determine each plant’s 3-D geometry, helping in better crop survivability. The company has generated data on thousands of plant species and helped clean farms organically throughout the US with its automated weeding technology.
Aurora Solar: Automating Solar Installations
Valued at $4.4 billion, San-Francisco-based Aurora Solar brings AI directly to consumers through its Aurora AI software. The AI can scan and recommend the optimal solar panel settings by combining aerial mapping data with virtual reality. The technology saves solar companies time and money on project inspections and reduces overall installation costs. Solar panel companies can virtually plan their projects anywhere in the world through its AI software. It lets users optimize solar panels based on the roof geometry of buildings and the daytime shading patterns of the local canopy. The technology can also accurately calculate the savings from switching to solar energy based on meteorological data.
The US currently dominates the global AI industry, followed by the EU and China. China has a workforce advantage over the US and is adopting AI faster than any other nation. The PRC has unveiled its plan to be the global leader in artificial intelligence by 2030. Most of the AI in China is used for public surveillance and military applications. The AI race in the US is spearheaded by the private sector with an aim of democratizing data and helping businesses solve societal challenges.