Last Updated on November 21, 2023 by SPN Editor
Fortune unveiled its first-ever Fortune 50 AI Innovators list, a definitive guide to the pioneering companies shaping this technology-driven future. This sector is currently drawing a significant portion of startup investment dollars, accounting for one in every four.
Recent events in AI highlight the importance of staying abreast of its developments, as noted by Lee Clifford, Fortune’s investing and finance editor. Clifford points to the uncertainties surrounding AI’s impact, including its potential to render jobs obsolete and the projected timeline for computers to attain human-level intelligence by 2029.
The inroads of investments into AI are evident, with Microsoft’s findings revealing a $3.50 return for every $1 invested in AI. Crunchbase data indicates that one in every four dollars invested in American startups is directed towards AI ventures, resulting in the creation of 200 AI unicorns this year.
The Fortune 50 AI Innovators list, curated with inputs from VCs, industry analysts, and AI experts, identifies companies at the forefront of AI innovation. Clifford underscores that these companies’ efforts will not just shape AI’s trajectory but also profoundly impact our global landscape.
The Fortune 50 AI Innovators list encompasses both smaller entities like Adept, Runway, Pinecone, Exscientia, and ARC, as well as industry giants such as OpenAI, Anthropic, Google DeepMind, Meta, and Nvidia.
Clifford emphasizes their collective influence in shaping AI’s future and its broader societal impact. Many of these listed companies will participate in the Fortune Brainstorm AI 2023 conference in San Francisco on December 11-12.
This conference, now in its third year, will feature renowned speakers such as Vinod Khosla, Reid Hoffman, Sal Khan, Clara Shih, Matthew Prince, and others, offering insights into AI’s transformative effects across various sectors. Curated by Fortune’s editors, the conference will host discussions among executives, academics, and policymakers, exploring AI’s evolving role in business practices.
This year’s event, presented in partnership with Accenture, the founding partner of the Fortune Brainstorm AI conference, will showcase intimate one-on-one discussions, compelling panel debates, and dynamic roundtable sessions. These sessions aim to delve into the transformative effects of AI on business practices. Additionally, Fortune Brainstorm AI 2023 is supported by partners including AARP, Amgen, Check Point, Felicis, Hanshow, Salesforce, and Workday.