Introduction
Generative AI is currently attracting people’s curiosity worldwide. Virtual characters in our social networking feeds, the predominance of text-to-image resources, and ChatGPT‘s success are only a few reasons for the hype. With faster processing speeds and lower costs, generative AI is rapidly catching up to human creativity. Some tech-savvy enthusiasts have taken generative AI as their passion and created exceptional generative AI solutions. Let’s have a look at the top 10 generative AI startups that have given the world a better experience with the help of this software.
Table of Contents
Top 10 Generative AI Startups
| Name | Founding Year | Evaluation |
| OpenAI | 2015 | $28 million |
| Hugging Face | 2016 | $15 million |
| Anthropic | 2021 | $100 million (annual revenue) |
| Inflection AI | 2022 | $1.3 billion (funding raised) |
| Jasper | 2021 | $125 million (funding raised with an evaluation of $1.7 billion) |
| Synthesis AI | 2019 | $19.7 million (latest deal) |
| Glean | 2020 | $100 million |
| Stability AI | 2020 | $1 billion |
| Lightricks | 2013 | $1.8 billion |
1. OpenAI
Without question, one of the top companies in the generative AI space is OpenAI. OpenAI, well-known for its innovative language models like GPT-3, has expanded the spectrum of artificial intelligence capabilities. Its models are able to produce writing that resembles that of a human, have conversations, and even write poetry. OpenAI has received a lot of recognition and attention for its dedication to expanding AI while making it available to ordinary individuals.
2. Hugging Face
Hugging Face is a well-known organization in the AI world, popular for offering resources for building machine learning solutions. The Transformers library, designed for natural language processing uses, is the organization’s most prominent service.
Hugging Face creates a collaborative and innovative atmosphere by offering an interface for users to exchange datasets and machine learning models. Hugging Face is a pioneering AI business that is actively contributing to the development of AI by empowering developers to create, train, and implement cutting-edge models with their free and open-source tools.
3. Cohere
Leading the way in language artificial intelligence (AI), Cohere offers developers and companies of all sizes natural language processing (NLP) technology that protects and anonymizes data. Their AI models provide large-scale functions like content creation, summarized analysis, and exploration.
To protect data, Cohere’s high-performance, configurable AI models can be used on clouds that are either private or public. Motivated by state-of-the-art research, Cohere enables developers and companies to create novel products that utilize linguistic artificial intelligence for efficient company uses.
4. Anthropic
The goal of Anthropic, an Al safety research and development company, is to create steerable, comprehensible, and dependable Al systems. The multidisciplinary staff of the organization possesses expertise in the fields of machine learning, science, legislation, and goods. Anthropic performs cutting-edge research, creates and implements a range of safety strategies, and implements the systems, produced through a number of collaborations and goods.
The business approaches AI safety as a methodical scientific endeavor, carrying out studies, incorporating the findings into their goods, incorporating the insights gained back into future studies, and periodically sharing the knowledge they acquire with the public.
5. Inflection AI
Inflection AI is an innovative application business that aims to improve interaction between humans and computers. It attempts to solve the issue that people should make their requests to computers simpler.
Pi, which stands for “personal intelligence,” is Inflection’s first publicly accessible product. It can be downloaded by users worldwide, though initially only in English. The product is designed to function as a diligent listener, supporting users in talking using questions or concerns through conversational exchanges. The AI then remembers and appears to learn about over time. While it can provide factual responses, it’s more personalized than Google Bard, OpenAI’s GPT-4, or Microsoft’s Bing built on it.
6. Jasper
Jasper AI is a well-known AI writing tool. It creates writing that resembles humans by using machine learning techniques. It is an effective tool for producing written content of the finest quality since it is made to comprehend the context and produce writing that flows organically. Jasper provides a range of templates to help users create particular kinds of content, like email subject lines, product descriptions, and blog openings. It helps the users to cross the hurdle of writer’s block, improve the outlines, and create new blog post ideas.
7. Synthesis AI
Synthesis AI combines cutting-edge CGI technologies with innovative generative AI models. Their patented pipeline can generate large amounts of data, which are then used to train strong computer vision models. Their unique API generates millions of images with unique subjects in a range of contexts. Simply provide your preferred distributions in JSON, send a job request, and the technology as a service automatically scales seamlessly in the cloud to output terabytes of data effortlessly.
8. Glean
Glean is an organizational search engine driven by AI that gives you access to data from all of the apps used by your business. It is a workforce efficiency and participation enhancer that ensures conceptual comprehension for natural language questions with vector search driven by deep learning-based LLMs. Without the need for manual refinement, the platform continually evolves from the specific language and setting of your business to increase search relevancy.
9. Stability AI
Stability AI has created seven research groups globally and an ecosystem of over 140,000 developers. The organization’s efforts include AI models for image, language, code, music, video, life sciences, and various other scientific areas. The primary emphasis is on producing and making research accessible through an open-source methodology.
Stability AI co-launched Stable Diffusion, a revolutionary text-to-image model driven by their relationship with Amazon Web Services and the Ezra-1 UltraCluster supercomputer. The open-source platform has been phenomenally effective, with four of the most popular ten Apple App Store products using Stable Diffusion within a month when SD 2.0 was released.
10. Lightricks
Lightricks is well-known for using artificial intelligence (AI) technology to power various tools for artistic expression. The startup first rose to prominence with Facetune, a picture editing tool that was well-suited for social media. Since then, it has added state-of-the-art AI to Facetune and its various other apps. This has enabled users to edit and create new material for projects involving images, videos, and art.
Lightricks is embracing technology that will enable users to do more than simply edit images or videos. With the “Text to Image” tool, they will also be able to employ AI to generate original works of art.
Conclusion
Generative AI is transforming businesses and allowing humans to be more creative and productive. The top ten generative AI startups mentioned in this article are expanding the possibilities of AI. These include software that generates lifelike graphics and music, streamlines design processes, and boosts customer experience. These gen AI startups are coming up with innovative methods to use significant language models to improve video production, image creation, and copywriting. Looking ahead, it will certainly be intriguing to watch where progressively efficient generative language models lead us.
Sabreena Basheer is an architect-turned-writer who's passionate about documenting anything that interests her. She's currently exploring the world of AI and Data Science as a Content Manager at Analytics Vidhya.
