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.”