Releasing its first-ever artificial intelligence (AI) Top 50™ list in 2023, Everest Group has once again focused on the groundbreaking work and exceptional business performance carried out by AI technology providers from every corner of the globe.
Continue reading to discover more about the leading AI-first providers featured in the top 50 list, as determined by Everest Group’s in-depth and continuous research.
See Everest Group’s AI Top 50™ list
The importance of recognizing high-performance AI organizations in 2024
According to Everest Group estimates, AI technology has garnered substantial interest throughout the last few years, giving rise to more than 7,000 AI technology providers in the past decade alone, and many established providers are adapting to provide AI-based offerings themselves.
The pursuit of AI’s potential to reveal hidden patterns—from weather predictions to insights on consumer behavior—has been underway for quite some time. However, the introduction of large language models (LLMs) marked a pivotal moment in AI’s evolution, possibly even in the history of technology itself. AI is now firmly in the spotlight, captivating consumers, businesses, and technologists alike.
With AI now recognized as more than a passing trend, it’s increasingly important to focus on this tool that is reshaping nearly every industry and workflow. This list serves as a resource for enterprises to identify leading technology providers in the AI space that have achieved substantial scale, while also offering AI-first providers a way to benchmark themselves against the competition.
How does Everest Group define AI?
To define the terms in the report, we used a multi-faceted approach, drawing on a combination of exclusive proprietary data, including insights gathered directly from AI technology providers. Along with that, the methodology incorporates publicly accessible information such as reported revenue, total funding, and valuation data obtained from publicly accessible sources. This thorough methodology ensures the accuracy and breadth of the data.
How is the Everest Group AI Top 50™ determined?
Working with and analyzing over 2,000 AI technology providers from across the globe, a list was then narrowed down to 250+ providers, based on preliminary assessments, before the final top 50 was confirmed.
The AI Top 50™ list represents AI technology providers that meet the following criteria:
- AI-first: companies that develop and integrate AI as a key component in their products and solutions to a degree that – without it – their offerings would be fundamentally incomplete; the list excludes for example, providers that have AI as a feature that helps them improve their current offerings, such as automation-first vendors
- Software-first: providers that develop and provide software-based AI solutions as their primary offering; the list excludes pure-play hardware and service-based AI providers
- B2B focus/offerings: those that offer software products and solutions to meet other businesses’ technology needs; the list excludes providers that exclusively offer AI solutions for B2C purposes
Similarly to the 2023 report, US-based OpenAI gained the top spot in 2024, in no small part thanks to their exemplary work and innovation across the board, with the US as a nation dominating the top 20, with 15 organizations hailing from the country.
OpenAI also boasts top spots in the AI Top 10 providers by total private funding received and AI Top 10 providers by valuation lists. US firms Anthropic (2nd), Databricks (3rd), and Palantir (4th) also rank highly in all three lists, with French-based Mistral AI (5th) and Dataiku (6th) both flying the flag for Europe in the respective top 10s.
To learn more about the 2024 Everest Group AI Top 50™, reach out to Vishal Gupta, [email protected], Abhigyan Malik, [email protected], Priya Bhalla, [email protected], and Abhiram Srivatsa, [email protected].
