![]() The following companies have not yet reached the market capitalization of our top 12, but are each worth tens of billions of dollars and have made some amazing achievements in generative AI technology in their own right, making them interesting prospects for investors. “You will need to have better mechanisms to know that this was not a human being writing that to you, but a machine pretending to be a human being writing something to you.”Ĭisco has also brought to market new generative AI tools for IT professionals, including the AI Policy Assistant. “Over time, what you will see is attacks will get more bespoke and more sophisticated,” Patel explained. Earlier this year, Jeetu Patel, executive vice president and general manager of security and collaboration at Cisco Systems, spoke about the potential security threats posed by generative AI technology like ChatGPT. The company has a large portfolio of multi-cloud products and applications, alongside strong relationships with Azure, AWS and Google Cloud.Ĭisco’s AI and machine learning offerings encompass a wide range of computing solutions for enterprises, including a focus on cybersecurity. Multinational digital communications firm Cisco Systems is a leader in IT and communications networks. Market cap: US$211.15 billion current share price: US$52.13 Many of its generative AI products are still in their early stages, but the company has expressed its commitment to continued research within the generative AI sphere with an open-source approach to its software developments. At the event, the company also introduced a new updated version of its open-source language model, Llama 2, which was designed using fewer resources than ChatGPT. In May, the company introduced AI Sandbox, a virtual testing center for developing Meta AI products, some of which were later introduced at the Meta Connect Conference that ran from September 27 to 28. The company's platform, Meta Advantage, has a suite of generative AI products that use machine learning to streamline ad campaign generation and help businesses reach the right consumers. The giant behind Facebook, Instagram and WhatsApp is one of the most influential companies in tech, sharing ranks with the likes of Microsoft and Alphabet. ![]() Market cap: US$774.22 billion current share price: US$301.27 In May, the tech giant launched its latest AI supercomputer, the high-powered DGX GH200, as well as NVIDIA ACE, a generative AI platform for video game development. NVIDIA is also working with Dell Technologies (NYSE: DELL) on AI applications for enterprises, ranging from language-based services to speech recognition and cybersecurity. NVIDIA supported Meta Platforms in putting together its own AI supercomputer called the Research SuperCluster, which reportedly uses a total of 16,000 of NVIDIA's GPUs. Generative AI's explosive growth is driving the market for chips designed by companies like NVIDIA and Marvell (NASDAQ: MRVL), another chip-making giant, and Micron (NASDAQ: MU), a company that makes memory chips, which are another important component to training generative AI systems. The company also offers supercomputing processing capabilities to scientific researchers around the world. Its business model primarily focuses on gaming, automotive electronics, mobile devices and AI. The company designs these specialized chips used to train AI and machine learning models for laptops, workstations, mobile devices, notebooks, PCs and more. NVIDIA is a pioneer and global leader in graphics processing unit (GPU) technology. Market cap: US$1.01 trillion current share price: US$407.80 The product is still in its experimental phase, but the company expects it to be ready to test with select consumers by early 2024. On October 4, Google announced that it was working to combine Bard with another AI tool, Google Assistant. While Alphabet's market cap dropped by US$100 billion in one day, the company made a quick recovery - and, as Forbes staff writer Jonathan Ponciano pointed out, there is still plenty of bullish sentiment that Google is well positioned to “capture a significant part of the market.” The chatbot entered testing in early February and became available to the general public in September.Īlphabet’s foray into the AI chatbot space hit a road bump at launch when Bard made headlines by fumbling a question about discoveries from the James Webb Space Telescope. Much like Bing, the company has incorporated Bard into its Google Search tool. ![]() It was built via Alphabet subsidiary Google’s Language Model for Dialogue Applications. Market cap: US$1.56 trillion current share price: US$125.30Īlphabet’s AI chatbot Bard launched on March 21.
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