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5 Biggest Publicly Traded AI Companies in the World

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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.”

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A New Dawn is Coming to U.S. Stocks

I work for one of the largest independent financial publishers in the world – representing over 1 million people in 148 countries.

We’re independently funding today’s broadcast to address something on the mind of every investor in America right now…

Should I put my money in Artificial Intelligence?

Here to answer that for us… and give away his No. 1 free AI recommendation… is 50-year Wall Street titan, Marc Chaikin.

Marc’s been a trader, stockbroker, and analyst. He was the head of the options department at a major brokerage firm and is a sought-after expert for CNBC, Fox Business, Barron’s, and Yahoo! Finance…

But what Marc’s most known for is his award-winning stock-rating system. Which determines whether a stock could shoot sky-high in the next three to six months… or come crashing down.

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And is still used by hundreds of banks, hedge funds, and brokerages to track the billions of dollars flowing in and out of stocks each day.

He’s used this system to survive nine bear markets… create three new indices for the Nasdaq… and even predict the brutal bear market of 2022, 90 days in advance.

Click to continue reading…