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150 Top AI Companies of 2024: Visionaries Driving the AI Revolution
Wednesday June 26, 2024. 04:00 PM , from eWeek
Artificial intelligence companies are riding a hyper-accelerated growth curve. Like the crack of a starting gun, the November 2022 launch of ChatGPT awakened the world to the vast potential of AI—particularly generative AI. As more companies invest in machine learning, automation, robotics, and AI-based data analytics solutions, the AI algorithm has quickly become the foundational technology of business.
This list of AI companies chronicles this growth by reflecting the dynamic shifts disrupting the tech industry. It covers the full ecosystem of AI vendors: new generative AI companies, entrenched giants, AI purveyors across verticals, and upstart visionaries. There’s no telling which will most influence AI’s future, but we believe that the players on this list as a whole will profoundly reshape technology and, as a direct result, the arts, retail, and the entirety of culture. TABLE OF CONTENTS ToggleAI GiantsAI PioneersAI VisionariesGenerative AI CompaniesAI Enterprise MajorsAI Robotic Process Automation CompaniesConversational AI CompaniesHealthcare AI CompaniesFinancial Services AI CompaniesEducation AI CompaniesCybersecurity AI CompaniesRetail AI CompaniesAI Industry OrganizationsBottom Line: AI Companies Featured Partners: AI Software Learn More AI Giants It’s no coincidence that this top AI companies list is composed mostly of cloud providers. Artificial intelligence requires massive storage and compute power at the level provided by the top cloud platforms. These cloud leaders are offering a growing menu of AI solutions to existing clients, giving them an enormous competitive advantage in the battle for AI market share. The cloud leaders represented also have deep pockets, which is key to their success, as AI development is exceptionally expensive. Microsoft Enterprise leader in AI As a dominant provider of enterprise solutions and a cloud leader—its Azure Cloud is second only to AWS—Microsoft has invested heavily in AI, with plenty to show for it. For example, it has significantly expanded its relationship with OpenAI, the creator of ChatGPT, leading to the development of intelligent AI copilots and other generative AI technologies that are embedded or otherwise integrated with Microsoft’s products. Leveraging its massive supercomputing platform, its goal is to enable customers to build out AI applications on a global scale. With its existing infrastructure and partnerships, current trajectory, and penchant for innovation, it’s likely that Microsoft will be the leading provider of AI solutions to the enterprise in the long run. Visit Microsoft Amazon Web Services (AWS) Top-tier managed services for cloud and AI As the top dog in the all-important world of cloud computing, few companies are better positioned than AWS to provide AI services and machine learning to a massive customer base. In true AWS fashion, its profusion of new tools is endless and intensely focused on making AI accessible to enterprise buyers. AWS’s long list of AI services includes quality control, machine learning, chatbots, automated speech recognition, and online fraud detection. It is one of the best providers of innovative AI managed services. Visit AWS To learn about new direction in generative AI, see the eWeek video: AWS VP Bratin Saha on the Bedrock Generative AI Tools Leading generative AI for technical and non-technical audiences As the most successful search giant of all time, Google’s historic strength is in algorithms, which is the very foundation of AI. Though Google Cloud is perennially a distant third in the cloud market, its platform is a natural conduit to offer AI services to customers. The Gemini ecosystem has proven especially popular and innovative, combining access to generative AI infrastructure, developer tools, and a user-friendly natural language interface. The company is also heavily focused on responsible AI and communicating how it is working toward an ethical AI approach. Visit Google IBM Founder of Watson and watsonx AI solutions A top hybrid and multicloud vendor, boosted by its acquisition of Red Hat in 2019, IBM’s deep-pocketed global customer base has the resources to invest heavily in AI. IBM has an extensive AI portfolio, highlighted by the Watson platform, with strengths in conversational AI, machine learning, and automation. The company invests deeply in R&D and has a treasure trove of patents; its AI alliance with MIT will also likely fuel unique advances in the future. Visit IBM Nvidia Leading provider of GPUs and other AI infrastructure All roads lead to Nvidia as AI—especially generative AI and larger models—grows ever more important. At the center of Nvidia’s strength is the company’s wicked-fast GPUs, which provide the power and speed for compute-intensive AI applications. Additionally, Nvidia offers a full suite of software solutions, from generative AI to AI training to AI cybersecurity. It also has a network of partnerships with large businesses to develop AI and frequently funds AI startups. Visit Nvidia For an in-depth look a how generative AI and advanced hardware are changing security, see the eWeek video: Nvidia CSO David Reber on AI and Cybersecurity Meta Embedded AI assistance in social media apps Meta—the parent company of Facebook, Instagram, and many other popular platforms—has had a slightly slower start on generative AI than some of the other tech giants, but it has nonetheless blazed through to create some of the most ubiquitous and innovative solutions on the market today. Meta’s Llama 3, for example, is one of the largest and easiest to access LLMs on the market today, as it is open source and available for research and commercial use. The company is also very transparent with its own AI research and resources. Most recently, Meta has developed Meta AI, an intelligent assistant that can operate in the background of Facebook, Messenger, Instagram, and WhatsApp. Visit Meta Baidu Chinese innovator in AI and quantum computing Little known in the U.S., Baidu owns the majority of the internet search market in China. The company’s AI platform, Baidu Brain, processes text and images and builds user profiles. With the most recent generation, Baidu Brain 6.0, quantum computing capabilities have also expanded significantly. It has also launched its own ChatGPT-like tool, a generative AI chatbot called Ernie Bot. Visit Baidu Oracle Leader in cloud-based AI support Oracle’s cloud platform has leapt forward over the past few years—it’s now one of the top cloud vendors—and its cloud strength will be a major conduit for AI services to come. To bulk up its AI credentials, Oracle has partnered with Nvidia to boost enterprise AI adoption. The company stresses its machine learning and automation offerings and also sells a menu of prebuilt models to enable faster AI deployment. Visit Oracle To find out how a cloud leader is facing the challenges of today’s IT sector, see the eWeek video: Oracle Cloud’s Leo Leung on Cloud Challenges and Solutions Alibaba Cloud leader and innovator in APAC region Alibaba, a Chinese e-commerce giant and leader in Asian cloud computing, split into six divisions, each empowered to raise capital. Of particular note is the Alibaba Cloud Intelligence group, which handles cloud and AI innovations and products. While Alibaba has been greatly hampered by government crackdowns, observers see the Cloud Intelligence group as a major support of AI development. The company is also working to optimize a ChatGPT-like tool. Visit Alibaba For more information about today’s leading generative AI software, see our guide: Top 20 Generative AI Tools & Applications AI Pioneers Think of these AI companies as the forward-looking cohort that is inventing and supporting the systems that propel AI forward. It’s a mixed bunch with diverse approaches to AI, some more directly focused on AI tools than others. Note that most of these pioneer companies were founded between 2009 and 2013, long before the ChatGPT hype cycle. These companies are at the center of a debate about who will have the most control over the future of AI. Will it be these agile and innovative pioneers, or the giant cloud vendors that have the deep infrastructure that AI needs and can sell their AI tools to an already-captive customer base? OpenAI Founder of ChatGPT The world was forever changed when OpenAI debuted ChatGPT in November 2022—a major milestone in the history of artificial intelligence. Founded in 2015 with $1 billion in seed funding, San Francisco-based OpenAI benefits from a cloud partnership with Microsoft, which has invested a rumored $13 billion in OpenAI. Not content to rest on its success, OpenAI has launched GPT-4, a larger multimodal version of its successful LLM foundation model, and continues to innovate in areas like text-to-video generation. The company also offers DALL-E, which creates artistic images from user text prompts. Visit OpenAI C3.ai Industry-focused AI solutions and services Founded in 2009, C3.ai is part of a new breed of vendors that can be called an “AI vendor”: not a legacy tech company that has shifted into AI but a company created specifically to sell AI solutions to the enterprise. The company offers a long menu of turnkey AI solutions so companies can deploy AI without the complexity of building it themselves. Clients include the U.S. Air Force, which uses AI to predict system failure, and Shell, which uses C3.ai to monitor equipment across its sprawling infrastructure. Visit C3.ai For in-depth comparison of C3.ai and a major competitor, see our guide: C3.ai vs. DataRobot: Top Cloud AI Platforms H2O.ai Solutions provider for generative and predictive AI Founded in 2011, H2O.ai is another company built from the ground up with the mission of providing AI software to the enterprise. H2O focuses on “democratizing AI.” This means that while AI has traditionally been available only to a few, H2O works to make AI practical for companies without major in-house AI expertise. With solutions for AI middleware, AI in-app stores, and AI applications, the company claims thousands of customers for its H2O Cloud. Visit H20.ai To learn how computers can “see” the world around them, watch our eWeek video: H2O.ai’s Prashant Natarajan on AI and Computer Vision DataRobot Cloud-agnostic AI and data solutions Founded in 2012, DataRobot offers an AI Cloud that’s “cloud-agnostic,” so it works with all the cloud leaders (AWS, Azure, and Google, for example). It’s built with a multicloud architecture that offers a single platform accessible to all manner of data professionals. Its value is that it provides data pros with deep AI support to analyze data, which supercharges data analysis and processing. Among its outcomes is faster and more flexible machine learning model creation. Visit DataRobot For in-depth comparison of DataRobot and a major competitor, read DataRobot vs. H2O.ai: Top Cloud AI Platforms. Snowflake Next-gen data warehouse and AI data cloud vendor Founded in 2012, Snowflake is a next-gen data warehouse vendor. Artificial intelligence requires oceanic amounts of data, properly prepped, shaped, and processed, and supporting this level of data crunching is one of Snowflake’s strengths. Operating across AWS, Microsoft Azure, and Google Cloud, Snowflake’s AI Data Cloud aims to eliminate data silos for optimized data gathering and processing. For an expert take on how today’s IT platforms are enabling wider data access, see the eWeek video: Snowflake’s Torsten Grabs on AI and Democratizing Data Visit Snowflake Dataiku Low-code/no-code AI/ML model development platform Founded in 2013, Dataiku is a vendor with an AI and machine learning platform that aims to democratize tech by enabling both data professionals and business professionals to create data models. Using shareable dashboards and built-in algorithms, Dataiku users can spin up machine learning or deep learning models; most helpfully, it allows users to create models without writing code. Visit Dataiku Altair (RapidMiner) End-to-end data analytics and AI workflows Since RapidMiner was acquired by Altair in 2022, the vendor has continued to grow and improve its no-code AI app-building features, which allow non-technical users to create applications without writing software. The company also offers a no-code MLOps solution that uses a containerized approach. As a sign of the times, users can build models using a visual, code-based, or automated approach, depending on their preference. Visit Altair Domino Data Lab Unified AI orchestration solution provider Founded in 2013, Domino Data Lab offers both comprehensive AIOps and MLOps (machine learning operations) solutions through its platform technology. With its enterprise AI platform, users can easily manage their data, software, apps, APIs, and other infrastructural elements in a unified ecosystem. Users have the option to work with hybrid or multicloud orchestration, and they can also choose between a SaaS or self-managed approach. Domino Data Lab has partnered with Nvidia to provide a faster development environment, so expect more innovation from them soon. Visit Domino Data Lab To learn how today’s software developers are finding ways to work faster, see the eWeek video: Domino Data Lab’s Jack Parmer on “Code First” Data Science Databricks AI-optimized data lakehouses and infrastructure Founded in 2013, Databricks offers an enterprise data intelligence platform that supports the flexible data processing needed to create successful AI and ML deployments; think of this data solution as the crucial building block of artificial intelligence. Through its innovative data storage and management technology, Databricks ingests and preps data from myriad sources. Its data management and data governance tools work with all major cloud players. The company is best known for its integration of the data warehouse (where the data is processed) and the data lake (where the data is stored) into a data lakehouse format. Visit Databricks Interested in the relationship between AI and Data? See the eWeek video: Databricks’s Chris D’Agostino on AI and Data Management Adobe AI solutions for graphic designers and creatives Adobe is a SaaS company that primarily offers marketing and creative tools to its users. The company has begun to enhance all of these products with AI solutions, including Adobe Firefly, a robust generative AI tool and assistant that helps users personalize marketing assets, edit visual assets for better quality, and generally create creative content at scale across different Adobe suite products. In late 2023, Adobe expanded its AI capabilities through its acquisition of Rephrase.ai, a text-to-video studio solution. Visit Adobe Alteryx Drag-and-drop approach to data and AI modeling A prime example of a mega theme driving AI, Alteryx’s goal is to make AI models easier to build. The goal is to abstract the complexity and coding involved with deploying artificial intelligence. The platform enables users to connect data sources to automated modeling tools through a drag-and-drop interface, allowing data professionals to create new models more efficiently. Users grab data from data warehouses, cloud applications, and spreadsheets, all in a visualized data environment. Alteryx was founded in 1997. Visit Alteryx Learn about the major trend toward enabling wider access to data by watching the eWeek video: Alteryx’s Suresh Vittal on the Democratization of Data Analytics Inflection AI A conversational approach to generative content Inflection AI labels itself as an AI studio that is looking to create advanced applied AI that can be used for more challenging use casesWhile it has hinted at other projects in the works, its primary product right now is Pi, a conversational AI that is designed to take a personalized approach to casual conversations. Pi can be accessed through pi.ai as well as iOS and Android apps. The company was founded by many former leaders from DeepMind, Google, OpenAI, Microsoft, and Meta, though several of these leaders have since left to work in the new Microsoft AI division of Microsoft. It’s truly up in the air how this change will impact the company and Pi, though they expect to release an API in the near future. Visit Inflection AI Scale AI Leading provider of AI for public sector use cases Scale is an AI company that covers a lot of ground with its products and solutions, giving users the tools to build, scale, and customize AI models—including generative AI models—for various use cases. The Scale Data Engine simplifies the process of collecting, preparing, and testing data before AI model development and deployment, while the Scale Generative AI Platform and Scale custom LLMs give users the ability to fine-tune generative AI to their specifications. Scale is also a leading provider of AI solutions for federal, defense, and public sector use cases in the government. Visit Scale AI Arista Networks Leader in AI networking solutions Arista Networks is a longstanding cloud computing and networking company that has quickly advanced its infrastructure and tooling to accommodate high-volume and high-frequency AI traffic. More specifically, the company has worked on its GPU and storage connections and sophisticated network operating software. Tools like the Arista Networks 7800 AI Spine and the Arista Extensible Operating System (EOS) are leading the way when it comes to giving users the self-service capabilities to manage AI traffic and network performance. Visit Arista Networks Cloudera Hybrid, cloud-agnostic data platform Having merged with former competitor Hortonworks, Cloudera now offers the Cloudera Data Platform and the Cloudera Machine Learning solution to help data pros collaborate in a unified platform that supports AI development. The ML solutions are specifically designed to perform data prep and predictive reporting. As an example of emerging trends, Cloudera provides “portable cloud-native data analytics.” Cloudera was founded in 2008. Visit Cloudera For an inside view of where data leader Cloudera is headed, see the eWeek video: Cloudera’s Ram Venkatesh on the Cloudera Roadmap Accubits Leader in blockchain, Web3, and metaverse technologies Accubits is a blockchain, Web3, and metaverse tech solutions provider that has expanded its services and projects into artificial intelligence as well. The company primarily works to support other companies in their digital transformation efforts, offering everything from technology consulting to hands-on product and AI development. The company’s main AI services include support for AI product and model development, consulting for generative AI projects, solution architecting, and automation solutions. Visit Accubits AI Visionaries If the AI pioneers are a mixed bag, this group of AI visionaries is heading off in an even wider array of directions. These AI startups are closer to the edge, building a new vision even as they imagine it—they’re inventing the generative AI landscape in real time, in many cases. More than any technology before, there’s no roadmap for the growth of AI, yet these generative AI startups are proceeding at full speed. Anthropic Generative AI leader committed to constitutional AI Founded by two former senior members of OpenAI, Anthropic’s generative AI chatbot, Claude 3, provides detailed written answers to user questions; with this most recent generation, certain aspects of multimodality have been introduced while other components of the platform have been improved. In essence, it’s another tool that operates like ChatGPT, but with a twist: Anthropic publicly proclaims its focus on Constitutional AI, a methodology it has developed for consistent safety, transparency, and ethicality in its models. Visit Anthropic Glean Leader in generative enterprise search technology Considered one of the unicorns of the emerging generative AI scene, Glean provides AI-powered search that primarily focuses on workplace and enterprise knowledge bases. With its Workplace Search, Assistant, Knowledge Management, Work Hub, and Connectors features, business leaders can set up a self-service learning and resource management tool for employees to find important documentation and information across business applications and corporate initiatives. Visit Glean Adept Commitment to general intelligence AI assistants Currently, generative AI platforms like DALL-E and GPT-4 create images or text in response to user text prompts. Adept is building the next step: It’s creating a full-fledged digital assistant—“an AI teammate for everyone”—that will execute a series of complex commands based on text prompts, even for developer tasks. As an example of how Adept works, if you type in the prompt, “convert this client into a sales opportunity,” the Adept digital assistant performs various actions to complete the sale. Ideally, Adept’s platform will be able to use any API, software app, or website just as a human would. Though Adept is a fledgling—founded in 2022—it has attracted massive funding. Visit Adept Synthesia Generative AI video platform with AI avatars Is the person in this video real or virtual? Synthesia uses AI to create video avatars who speak and present as if they’re human. The AI company offers more than 150 stock AI avatars to allow users to create a virtual talking head using text prompts. To add realism, the avatars can be customized with facial gestures like raised eyebrows, head nods, and local languages and dialects. Visit Synthesia To learn about the future of video and AI, see the eWeek video: Synthesia CEO Victor Riparbelli on AI and Video Avatars Ironclad AI for contract lifecycle management Ironclad is a contract lifecycle management vendor that uses AI to manage contract data, contract creation, analytics, and more. Its contract review process is thorough and customizable, offering users AI-driven suggestions for how to improve existing contracts based on both best practices and the AI playbooks users upload themselves; the platform also includes a comprehensive AI-powered editor and a repository that makes contracts editable in a Word-Document-like format. More recently, the vendor has come out with Ironclad Contract AI, an AI assistant that supports users with chat-driven solutions for additional contract tasks and queries. Visit Ironclad Cohere Leading models with accessible AI playground Founded in 2019 by an elite group of AI experts, most of whom were former researchers at Google Brain, Cohere’s goal is to enable more natural communication between humans and machines for generative AI, search, discovery, and retrieval tasks. The startup builds large language models for enterprise customers, accessible via an API, which is clearly a lucrative new niche. Funding has gushed in. Its top models are the Command, Rerank, and Embed models. Visit Cohere Abacus.ai AI technology used to build AI technology Founded in 2019, Abacus creates pipelines between data sources—such as Google Cloud, Azure, and AWS—and then allows users to custom-build and monitor machine learning models. A unique aspect of this platform is that it also enables AI to build AI agents and systems rather than requiring hands-on human intervention. Abacus’s prebuilt AI technology can be used to build AI solutions like LLMs and can provide additional information about these models to improve explainability. Visit Abacus.ai Gong AI-powered revenue, service, and sales intelligence Gong is a fast-growing provider of customer service, sales, and marketing solutions that focus on revenue and engagement intelligence and analytics. AI is infused throughout the platform and is used to provide contextual information and recommendations for customer interactions, as well as coaching for internal team members. The vendor also offers its smart trackers tool, which gives users the ability to train Gong’s AI to more granularly detect certain types of customer interactions and red-flag behaviors. Visit Gong Runway Text-to-video and video-to-video content generation platform The three founders of Runway met in art school, where they were immersed in digital design software. Their generative AI platform, which is browser-based and requires no plugins, creates images and videos from text prompts. Think of it as a filmmaker’s dream: If you can imagine it, the Runway platform will help you create it. Runway already has a major production credit for the film Everything Everywhere All At Once, which won Best Picture in the 2023 Academy Awards. Its most recent models and developments have earned high praise for their realism and controllability. Visit Runway Openstream.ai Highly configurable conversational AI Openstream.ai is a player in the rapidly growing conversational AI market. Openstream.ai’s Eva platform leverages sophisticated knowledge graphs that use both structured and unstructured data, enabling it to work across multiple channels, including social media platforms. Openstream.ai uses this AI architecture to power natural language understanding (NLU), which involves impressive levels of reading comprehension. The vendor also develops copilots, help des and contact center agents, and other customer service solutions with its conversational AI approach. Visit Openstream.ai Samsara AI-powered driving assistance and analytics Samsara is an IoT company that has brought forth several innovative technologies over the years, but more recently, it has expanded into AI for driver and road safety. The company’s built-in AI and advanced edge computing for vehicles give drivers and/or fleet managers real-time insights into road conditions and driving performance, as well as coaching workflows and in-cab driver assistance. AI dash cams are built into vehicles and designed to send footage directly to the cloud, so fleet managers and business owners can review driver and vehicle issues in a timely manner. Visit Samsara Moveworks AI for IT and support workflows Moveworks is an AI company that focuses on creating generative AI and automated solutions for business operations and employee and IT support. The platform is filled with AI-powered features, including AI workflows, analytics, knowledge management, and ticket and task automation. The company is also leading the way with copilot assistive AI technology, giving users access to tools like MoveLM, an LLM that’s dedicated to employee support queries and tasks. Visit Moveworks Synthesis AI AI for multiple computer vision scenarios Synthesis AI is a generative AI and synthetic data company that focuses on creating data and models for computer vision use cases. The platform can be used for a variety of use cases spanning across industries, including AR/VR/XR, virtual try-on, teleconferencing, driver and pedestrian monitoring, and security. It can also be used in biometrics and security, specifically for ID verification and threat detection. Visit Synthesis AI Insitro Multidisciplinary, AI-powered approach to drug discovery Founded by a former professor of machine learning at Stanford, Insitro’s goal is to improve the drug discovery process using AI to analyze patterns in human biology. Drug discovery is enormously expensive, and it’s typically met with low success rates, so AI’s assistance is greatly needed. Driving this development is the company’s mixed team of experts, including data scientists, bioengineers, and drug researchers. Visit Insitro Eightfold AI AI solution for recruiters and talent management Eightfold AI is a vendor that uses AI-powered technology to make recruitment, onboarding, retention, and other organizational talent management tasks easier to manage at scale. Users can work with the vendor’s all-encompassing Talent Intelligence Platform, which includes features not only for talent acquisition and talent management but also for resource management. Its automations and smart analytics help users to comb through larger quantities of applicants at a quicker pace while ensuring they identify top talent and new talent pipelines with minimal bias. Visit Eightfold AI InVideo Customizable AI videos for social media InVideo is an AI video company that focuses on automating script, scene, voiceover, and overall video production. The platform is frequently used for digital marketing and content marketing projects, allowing users to transform blogs and other text prompts into YouTube, talking avatar, Instagram, and other types of engaging video content. Users can customize the content the platform generates by inputting target audience, platform, and other customization instructions. Visit InVideo FarmWise AI-powered farming technology innovator Forget using chemicals to kill weeds in agricultural fields: FarmWise’s weeding robot uses AI and computer vision to yank out weeds without the herbicide. The FarmWise machine resembles a tractor with many arms and uses what the company calls its Intelligent Plant Scanner, a tool that is capable of sub-inch weeding accuracy. Visit FarmWise Generative AI Companies Generative AI is a type of artificial intelligence that can generate content based on user text prompts. The benefits of generative AI are remarkable: finished essays, interesting graphics, complex software code, and more. However, its shortcomings and issues are also significant: Generative AI can lead to cybersecurity concerns or “hallucinate,” meaning it creates false or even defamatory information. Despite these challenges, businesses are flocking to the new technology and generative AI startups are launching daily. Meanwhile, a highly charged debate is roiling within the generative AI sector. These AI platforms are trained on a massive store of existing material, including the work of artists and writers—but what are the copyright issues? Who owns the output of generative AI applications? These are thorny ethical issues with no clear answer at this point, though more may come as AI regulations continue to pass into law. Tabnine Generative AI coding assistant Tabnine is an AI company that focuses on providing AI assistance for coding and product development. The tool is designed to automate and complete code wherever possible, provide coding suggestions, and do all of this work while also ensuring that all code and data remains secure and compliant. The tool emphasizes AI ethics as well, ensuring users know that it has only been trained on open-source data repositories with permission. Visit Tabnine Midjourney AI-powered image generation and editing solutions A generative AI service that creates images from natural language text prompts, Midjourney is one of the most popular generative AI platforms. Founded in 2022, it has already been used to generate surprisingly high-profile art: For example, the English publication The Economist has used Midjourney to create its cover image, and a Midjourney image scored top honors in a digital art contest hosted by the Colorado State Fair. Visit Midjourney Infinity AI Synthetic-data-as-a-service provider Infinity AI speeds up the process of building digital models by employing AI to create and shape synthetic data (synthetic data is computer-generated data churned out to fill in a model). In essence, Infinity AI uses AI to offer synthetic data-as-a-service, which is a niche sector that will grow exceptionally quickly in the years ahead. Visit Infinity AI
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