5 Biggest Publicly Traded AI Companies in the World

In this article, we will take a look at the 5 biggest publicly traded AI companies in the world. If you want to read our detailed analysis, you can go directly to 16 Biggest Publicly Traded AI Companies in the World.

5. Amazon.com Inc (NASDAQ:AMZN)

Market Capitalization as of May 8, 2024: $1.96 Trillion

Amazon.com Inc (NASDAQ:AMZN) ranks fifth on our list of the biggest publicly traded AI companies in the world. The company offers a range of generative AI tools in Amazon Web Services (AWS) including Amazon Q, Amazon Bedrock, Amazon SageMaker, AI Infrastructure, and Data Foundation. On October 17, 2023, the company collaborated with Anthropic, a foundational model, to boost its generative AI capabilities on its AI chips, AWS Trainium and AWS Inferentia. This collaboration enabled Anthropic to train and deploy foundational models on the AWS Cloud. Here are some comments from Amazon.com Inc’s (NASDAQ:AMZN) Q1 2024 earnings call:

“We see considerable momentum on the AI front where we’ve accumulated a multibillion-dollar revenue run rate already. You heard me talk about our approach before, and we continue to add capabilities at all three layers of the Gen AI stack. At the bottom layer, which is for developers and companies building models themselves, we see excitement about our offerings. We have the broadest selection of NVIDIA compute instances around, but demand for our custom silicon, training, and inference is quite high, given its favorable price performance benefits relative to available alternatives. Larger quantities of our latest generation, Trainium 2 is coming in the second half of 2024 and early 2025. Companies are also starting to talk about the eye-opening results they’re getting using SageMaker, our managed end-to-end service has been a game changer for developers in preparing their data for AI, managing experiments, training models faster, lowering inference latency, and improving developer productivity.”

4. Alphabet Inc. (NASDAQ:GOOG)

Market Capitalization as of May 8, 2024: $2.13 Trillion

Alphabet Inc. (NASDAQ:GOOG) is one of the biggest publicly traded AI companies in the world. Google DeepMind, a prominent research lab focused on machine learning, neuroscience, engineering, mathematics, simulation, and computing infrastructure, was first launched in 2010. In 2020 the lab launched AlphaFold, an AI system that efficiently predicts 3D models of protein structures. Alphabet Inc.’s (NASDAQ:GOOG) Google Gemini is a next-gen AI model facilitating long-context understanding. Gemini Advanced 1.0 Ultra is capable of coding, reasoning, and creative collaboration.

3. NVIDIA Corporation (NASDAQ:NVDA)

Market Capitalization as of May 8, 2024: $2.26 Trillion

With a market capitalization of $2.26 trillion, NVIDIA Corporation (NASDAQ:NVDA) ranks third on our list of the biggest publicly traded AI companies. The company owns the Advanced AI Platform for Enterprise that streamlines the AI workflow, enhances productivity, speeds up the AI deployment and production process, and boosts accuracy and efficiency. On March 18, NVIDIA Corporation (NASDAQ:NVDA) launched its new Blackwell Platform, capable of running generative AI on trillion-parameter large language models in real-time. The Blackwell GPU architecture is backed by six technologies in data processing, engineering simulation, electronic design automation, computer-aided drug design, quantum computing, and generative AI.

2. Apple Inc. (NASDAQ:AAPL)

Market Capitalization as of May 8, 2024: $2.80 Trillion

Apple Inc. (NASDAQ:AAPL) is one of the biggest AI companies in the world. On May 7, Reuters reported that the company just launched a new AI chip for its 11-inch iPad priced at $1,000 and its 13-inch iPad priced at $1,300. The iPad has an M4 chip with a neural engine supporting the computing required by AI features. On May 6, the Wall Street Journal reported that Apple Inc. (NASDAQ:AAPL) has been working to produce its own chip capable of running artificial intelligence software in data center servers. The company is also at the forefront of acquiring AI startups. In March this year, the company acquired Darwin AI, a Canadian AI startup to expand its AI division. Here are some comments from the company’s Q2 2024 earnings call:

“We continue to feel very bullish about our opportunity in Generative AI. We are making significant investments, and we’re looking forward to sharing some very exciting things with our customers soon. We believe in the transformative power and promise of AI, and we believe we have advantages that will differentiate us in this new era, including Apple’s unique combination of seamless hardware, software and services integration, groundbreaking Apple’s silicon, with our industry-leading neural engines and our unwavering focus on privacy, which underpins everything we create.”

1. Microsoft Corporation (NASDAQ:MSFT)

Market Capitalization as of May 8, 2024: $3.04 Trillion

Microsoft Corporation (NASDAQ:MSFT) ranks first on our list of the biggest publicly traded AI companies in the world. The tech giant offers a range of AI-backed platforms including Microsoft Azure, Dynamics 365, Microsoft 365, Microsoft Cloud, and Power Platform. All these platforms allow companies to create innovative AI solutions, manage data, and enhance productivity. Microsoft Corporation (NASDAQ:MSFT) is also engaged in the development of custom chips to meet the AI demand. The company launched two chips last year in November including the Microsoft Azure Maia AI Accelerator and the Microsoft Azure Cobalt CPU.

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