In this article, we will discuss: 11 Best AI Assistants in 2024.
As we have mentioned in our article, “10 Most Popular AI Penny Stocks Under $1,” the estimated value of the global artificial intelligence market in 2023 was $196.63 billion, and between 2024 and 2030, it is expected to increase at a CAGR of 36.6%.
Regionally, in terms of revenue, the North American AI market held a 30.9% share in 2023, while from 2024 to 2030, the artificial intelligence industry in Europe is expected to grow at a significant CAGR of 33.2%, per Grand View Research. Moreover, the artificial intelligence and robotics markets in the United States have advanced significantly, with an estimated valuation of $42.00 billion in 2023.
The U.S. Census Bureau survey indicates that industry-specific AI adoption rates differ. The information and professional, scientific, and technical services sectors dominate in this regard, with 18% and 12% of businesses reporting present use of AI, respectively, while agriculture and construction have low AI adoption rates of 1% each.
With the launch of ChatGPT, AI technologies are still at the forefront of AI market trends. After launching in November 2022, OpenAI claims that ChatGPT, its AI tool, attracted over a million users in just five days. The Head of AI & Data at Deloitte Switzerland, Marc Beierschoder, is unequivocal on the significance of AI in day-to-day business, stating that “AI is not a passing fad.” In the distant past, a dazzling toy that would momentarily enhance a company’s reputation for innovation has evolved into a vital instrument for smooth corporate operations. Particularly, employees are already accustomed to using generative AI technologies like ChatGPT and DALL-E, which generate fresh content in the form of text, photos, audio files, or videos.
If 2023 was the year that generative AI (Gen AI) was first introduced to the world, then 2024 is the year that businesses really started utilizing this new technology and reaping its benefits. According to the McKinsey Global AI May 30, 2024 Survey, 65% of participants claimed their companies use generative artificial intelligence on a regular basis. This is almost twice as many as the survey’s results from just 10 months ago. Respondents’ expectations for Gen AI’s impact are as high as they were last year, with three-quarters forecasting major or disruptive change in their industry in the next years.
Another study by PwC’s Global Artificial Intelligence, “Sizing the Prize: Exploiting the AI Revolution,” examines the enormous potential that artificial intelligence holds for economies and businesses. According to the study, artificial intelligence could boost GDP in local economies by up to 26% and add an incredible $15.7 trillion to the global economy by 2030. As businesses look to “augment” the productivity of their labor force using AI technology and automate some jobs and roles, advances in labor productivity will fuel initial GDP growth. Additionally, the analysis indicates that by 2030, improvements to products will drive up consumer demand and account for 45% of all economic gains. This is due to the fact that AI will eventually lead to a wider range of products that are more affordable, individualized, and attractive. China and North America stand to gain the most from AI, with China’s GDP expected to rise by 26% and 14.5%, respectively, to reach a total of $10.7 trillion, which represents over 70% of the global economic impact.
With that said, here are the 11 Best AI Assistants in 2024.
Methodology:
To pick out the 11 Best AI Assistants in 2024, we searched the internet for the best AI assistants in 2024 and ranked them based on their number of appearances in our sources, so each appearance got one Insider Monkey score. Then we ranked the list based on the aggregated scores.
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A man with an AI powered virtual assistant, demonstrating the coexistence of the two.
11. Socratic AI
Insider Monkey Score: 2
Using the Socratic method, Socratic AI is an educational tool that leads students through critical thinking and problem-solving by posing focused questions. More than just answers, it facilitates deep understanding of concepts by learners. It links students to beneficial educational resources from the internet and websites like YouTube by utilizing Google’s artificial intelligence and search technology.
10. Samsung Bixby
Insider Monkey Score: 2
One of the best AI assistants in 2024 is Samsung Bixby, a virtual assistant driven by artificial intelligence developed by Samsung. It is created to work with all of Samsung’s products, including smart TVs, wearables, smartphones, and household appliances. Bixby supports voice control, picture recognition, and text-based commands, allowing users to conduct tasks, access data hands-free, and control devices. In 2022, Bixby had more than 200 million users per company.
9. Otter.AI
Insider Monkey Score: 3
Otter AI is a specialized artificial intelligence platform that has been created to accurately translate audible speech into written text. It provides teachers and students access to real-time notes and captions for both in-person and online lectures, seminars, and meetings. Over 1 billion meetings have been transcribed by Otter since 2018, while more than 47 million meetings have been summarized by OtterPilot.
According to a 2023 Otter.ai survey, 71% of professionals they surveyed use AI at work, and nearly all of them claim it has increased their productivity. The 75% of the surveyed managers advise their staff to utilize AI at work, and the majority of managers (96%) are aware that their staff members use it.
8. Fireflies.AI
Insider Monkey Score: 4
Voice chats can be transcribed, summarized, searched for, and analyzed with the help of Fireflies.AI. Being one of the best AI meeting assistants, it summarizes and transcribes meetings from Zoom, Teams, Google Meet, and other platforms. Fireflies.ai Notetaker can be conveniently invited to meetings through the calendar by the AI assistant. It records in-person meetings, uploads audio recordings, and transcribes dialer phone calls. Moreover, Fireflies records audio and video in addition to taking AI-powered notes. Reportedly, it has altered workplace meetings for over 10 million people in more than 100 countries.
7. Replit AI
Insider Monkey Score: 5
One of the free AI coding assistants, Replit AI, is a tool designed to improve the coding process by providing code explanations and comments, allowing software developers to write code more quickly and effectively.
6. Amazon CodeWhisperer
Insider Monkey Score: 7
CodeWhisperer is Amazon’s AI-powered coding assistant. CodeWhisperer can examine developer code as it is written, providing real-time ideas for finishing the current line or creating the following line. Developers can write code that is more in line with their goals with these suggestions, which are based on the desired outcome and existing code.
Amazon CodeWhisperer, which offers inline code suggestions and security inspections through Amazon Q Developer, is now a part of Amazon Q Developer as of April 30, 2024.
5. GitHub Copilot
Insider Monkey Score: 9
GitHub Copilot, often known as an AI pair programmer, is an advanced AI coding assistance. Python, Ruby, TypeScript, and JavaScript are just a few of the programming languages that it supports. The AI coding assistant enables you to create code faster and with less effort, allowing you to focus more on problem-solving and collaboration.
During the Q2 2024 earnings call, Microsoft Chairman and CEO Satya Nadella stated that GitHub revenues had climbed by 40% YoY due to platform growth and an expanding Copilot customer base. According to Nadella, there are 1.3 million paying users of the AI-powered coding assistant, a 30% rise from the previous quarter. Additionally, the GitHub Copilot business has attracted 50,000 business clients from various industries. An Irish-American professional services firm named Accenture intends to make the tool available to 50,000 coders this year. According to Nadella, Etsy, Dell Technologies, and Goldman Sachs are among the enterprise customers.
4. Apple Siri
Insider Monkey Score: 11
AI-powered Siri is a virtual assistant included in Apple Inc. (NASDAQ:AAPL)’s watchOS, tvOS, and iOS operating systems. It makes recommendations, executes commands, and responds to questions by using voice recognition to assign requests to online services. Siri is well known for its strong safety and easy-to-use interface.
Apple is planning to replace Siri with AI to manage different application features. The concept is to use voice to control functionality within specific apps.
Polen Focus Growth Strategy stated the following regarding Apple Inc. (NASDAQ:AAPL) in its Q2 2024 investor letter:
“The largest relative detractors in the quarter were NVIDIA, Apple Inc. (NASDAQ:AAPL), and Salesforce. In a reversal from some of the concerns driving the stock down in the first quarter, Apple re-emerged as a top performer in the second quarter. The company reported better-than-feared results in its iPhone segment that quelled concerns over weakness in China. Additionally, the company forecast a return to sales growth and announced a $110 billion stock buyback plan, the largest in U.S. history. Later in the period, at its Worldwide Developers Conference, Apple introduced long-awaited new AI features that spurred some optimism around an upgrade cycle for the iPhone and, more generally, the important role Apple may be able to play in the emerging AI landscape. We continue to study Apple closely, which we previously owned the company for many years during its growth phase, to determine if it is poised for another significant revenue and earnings growth period.”
3. ChatGPT
Insider Monkey Score: 12
Leading artificial intelligence research lab OpenAI created the sophisticated AI chatbot ChatGPT, which is one of the best AI chatbots. It uses a language model that is now the basis of generative artificial intelligence. Over 180.5 million people were using ChatGPT as of August 2024, and the number is constantly rising. ChatGPT does much more than just respond to basic inquiries. ChatGPT can do math, write essays, engage in philosophical discussions, and even write code.
The GPT-4o model was recently included in ChatGPT, which improves its conversational accuracy and customization capabilities.
2. Amazon Alexa
Insider Monkey Score: 14
Amazon.com, Inc. (NASDAQ:AMZN)’s AI virtual speech assistant service, Alexa, is accessible on over 100 million devices made by Amazon and other manufacturers. It’s intended to assist consumers in purchasing Amazon things, playing music, and controlling smart home gadgets (Echo). Many IoT devices and Amazon items come pre-installed with it. The Echo Show 8 is the most recent Alexa show device.
In its May 2024 investor letter, Lakehouse Global Growth Fund provided an update on Amazon.com, Inc. (NASDAQ:AMZN), sharing their analysis and perspective on the company’s performance and future prospects:
“Amazon.com, Inc. (NASDAQ:AMZN) delivered an impressive quarterly result that also came in well ahead of analyst expectations. Net sales increased 13% year-on-year to $143.3 billion and operating profits increased 219% year-on-year to $15.3 billion (vs the high end of guidance at $12.0 billion). As has been the case for several quarters now, the highlight of the result was the significant improvement in profitability metrics, as management continues to drive cost efficiencies across its retail operations and Amazon Web Services (AWS). Amazon delivered to Prime members at its fastest speeds ever. In March, across the top 60 largest U.S. metro areas, nearly 60% of Prime member orders arrived the same or next day, and in London, Tokyo, and Toronto, 3 out of 4 items were delivered the same or next day. Bigger picture, we continue to believe that the market underestimates the length of the runway ahead in the core retail business (note that e-commerce sales in the U.S. still only make up 15% of total retail sales) and that there is still significant margin expansion ahead as scale and efficiency benefits continue to come through.”
1. Google Assistant
Insider Monkey Score: 15
Alphabet Inc. (NASDAQ:GOOGL)’s Google Assistant, which debuted in 2016, is the best voice-activated virtual assistant with AI capabilities available. Being the best AI assistant in 2024, it distinguishes itself as a leader in the industry with strong capabilities and a broad range of integrations. Google Assistant is available on a wide range of devices, including headphones, smartphones, home appliances, and cars. Being the most versatile AI assistant, it is compatible with over 50,000 smart home appliances from over 10,000 reputable companies, such as Pandora and YouTube per the company.
Among its best features are text and voice input, voice-activated navigation, task completion, appointments, and real-time translation via its Interpreter Mode.
Patient Capital Opportunity Equity Strategy stated the following regarding Alphabet Inc. (NASDAQ:GOOGL) in its Q2 2024 investor letter:
“Alphabet Inc. (NASDAQ:GOOGL) was a top contributor in the second quarter, finally catching up to its peers in the Magnificent 7. The company gained 20.8% in the period following strong first quarter earnings, a new $70B repurchase program (3% of shares outstanding) and the initiation of a cash dividend ($0.20 per share; 0.42% yield). We continue to believe the market underappreciates Google’s exposure to AI with its Gemini model being integrated into search results, YouTube advertising and its cloud offering. We continue to think that the cloud players will be the AI winners in the long-term, with Google being well positioned to take advantage. While the company trades at 24x 2024 earnings, if you remove the money-losing and under-earning businesses, you realize that you are paying below a market multiple for the core Google business. We do not believe there are many other AI winners trading at such an attractive multiple.”
At Insider Monkey, we cover a variety of topics, especially finance. Our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns, and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than NVDA but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.
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