It’s commonly believed that smaller startups are generally more dynamic and more innovative than larger, established market leaders. And it’s a perception which is prevalent in all industries.
But it’s not always the case, since the creation of innovative products and services is often very expensive, and only a company with significant resources can realise these types of ambitions.
Much as we’d prefer not to use Apple as an example – because we can’t afford their fancy-pants products – but its latest smartphones always pack a huge number of innovations, both in terms of hardware and software.
Starting up in hardware is probably far more costly and complex – because manufacturing can be a nightmare, and so too can logistics. In fact, everything in the real world is a nightmare.
Software is more of a level playing field. Basically, all you need is a computer and an internet connection, and if you can code, you can pretty much do anything.
These days, big tech companies like Google, IBM, Intel, and even Apple and Baidu are falling over themselves to offer cloud-based software tools for developers.
These companies are particularly interested in finding people with talent, skills and development experience in the areas of artificial intelligence and its branches, machine learning and deep learning.
Many a small startup has been bought for big bucks by one of the big-tech moneybags, Google being the most acquisitive, according to CBInsights.
The data research website calculates that around half of all AI startups acquired since 2012 have venture capital backing from some giant company or other.
But it’s not all about selling up or selling out, depending on your point of view. It’s about developing powerful AI solutions which are not only interesting now, but will also prove to be important in the future.
So what we’ve tried to do in this top 10 is round up some companies which have either been acquired for a large sum of money in the past year or two, or have an interesting approach to developing AI solutions which may prove important in the future.
And while we are calling it the top 10 machine learning companies, it’s probably more accurate to say it’s about AI with an emphasis on ML.
Also, although we’re looking to find less well-known companies which are either developing or using machine learning in interesting and innovative ways, it’s impossible to ignore the big tech companies.
And for those of us who might not know or remember, machine learning refers to a machine’s ability to learn. Meaning, it doesn’t have to be programmed for every single detail of a specific situation, just given parameters for its decision-making, which, together, are usually called machine learning models.
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