Tech giants like IBM and retail giants like Amazon have vast amounts of money invested into research into artificial intelligence (AI). Companies like these regularly make news with their innovations, but a number of smaller companies are also making gains on the new technological frontier of AI. These are 10 of the smaller companies to look out for.
10 AI Companies to Watch Going Forward
AIBrain’s goal is no less than to teach computers to learn, remember, and problem-solve in human-like ways. The company’s two primary developments are AICoRE, a reasoning engine, and Memory Graph, an AI intended to have a human-like memory.
AICoRE, or the Adaptive Interactive Cognitive Reasoning Engine, incorporates the human-like functions of discovering, learning, planning, remembering, sensing, and reasoning. It can make a human-like decision from beginning to end. Because it works with both speech and physical actions, ALCoRE is an an example of a CMAP, a cognitive multiple action planner.
AIBrain is also the creator of Futurable, an AI game. The unique aspect of Futurable is that it allows the player to cede control of his/her player character to the AI. As the AI takes over the player character, it makes decisions for the character with its perfect memory, precise computation, and processing speed a million times faster than the human mind.
Named after the Japanese word for memorization, Anki applies AI learning to digital flash cards, making learning easier and more efficient for the human mind. Whether the user wants to study for a medical school entrance exam, learn a new language, memorize a lengthy piece of literature, or learn musical notation, Anki can be applied to the learning process. Unlike any traditional flash card system, Anki is built to handle a deck of 100,000 or more cards.
Anki is also a media-rich tool. Users can learn through not only words and symbols but also video, audio, and scientific markup via LaTeX. Anki’s algorithm uses spaced repetition to enhance the way the human brain learns naturally. The technology has the potential to revolutionize learning.
This real-time content discovery tool picks up clusters of activity and language across social media networks, allowing users to detect events happening in a particular location at a particular time. Banjo collects and analyzes a “world feed” that spans mobile devices around the world. The mobile Banjo app allows users to see events trending around the globe as they happen.
Real-life applications of this kind of technology include allowing the public to avoid natural disaster areas and developing crime scenes. It can also be used by law enforcement to help track dangerous situations. The inspiration for the Banjo start-up, in fact, came from the hunt for the Boston Marathon bombers.
Taking artificial intelligence a step further, CloudMind has created cloud intelligence, a way to make robots “smarter.” According to the company with offices in China, Japan, and Silicon Valley, the silicon required to make a robot “brain” equivalent to the human brain would be too large and weighty to fit inside a humanoid robot. CloudBrain’s solution is to upload the robot’s intelligence to the cloud. Its goal is to get human-like helper robots into average households by 2025.
Jun Wang, a geneticist from Beijing, founded this health information management company. It allows for hospitals, doctors’ offices, and other health care facilities to securely store and manage the reams of data that include individual genomic records, medical records, and other health care information.
Using data mining and artificial intelligence, iCarbonX is able to help health care providers and their patients make decisions based on a wealth of information. Essentially, the AI is able to act as a consultant to doctors and other health care providers.
6. Iris AI
Iris is an AI that reads and analyzes scientific publications on behalf of universities, research institutes, and corporate research and development departments. Simply give the Iris AI the URL of an scientific, academic paper and the AI gives you an extract of the main ideas of the paper. The extract is presented in a visual, interactive format that makes it easy for non-scientists to navigate.
7. Next IT
One of the companies that pioneered the chatbot, Next IT continues to use parsing software that allows AI to scan online conversations between customers and Fortune 500 companies to facilitate getting the customer to the information and services the customer is seeking. Next IT’s technology has applications across a wide variety of industries from insurance to transportation to health care.
Salesforce is a cloud-based customer relationship management (CRM) software. Its AI wing is called Salesforce Einstein. Clients get a dashboard with a simple interface that lets them access Einstein’s analytics tools so they can easily watch how consumers are interacting with their brand. Salesforce Einstein delivers both recommendations and business predictions.
SoundHound’s voice recognition and parsing technology is used to identify songs by title and artist, and the company also offers the ability to integrate voice-recognition technology into almost any type of product. Its Houndify services allow companies to add conversational intelligence (which not only recognizes and parses words, but also learns and interacts in an intelligent way) to their products in a way that’s consistent with their branding.
This visually-based artificial intelligence learns to recognize things that look similar to one another. In practical terms, it allows consumers on retail sites to compare features and prices of similar items, find alternatives for out-of-stock and unavailable items, and find items similar to those they see used by social media influencers. ViSenze can also automatically tag images.
These 10 companies are only a few of the many start-ups and established businesses that are finding innovative uses for AI in a wide variety of industries. From retail sales to education to genomic medical information, artificial intelligence continues to provide industries and human endeavors with new ways to solve problems. These companies are at the cutting edge of an increasingly useful and important technology.