- More and more companies are betting on AI tools.
- Ramp reports that OpenAI, Midjourney and others are among the top AI companies people are spending money on.
- Big tech is partnering with increasingly popular services or creating their own AI services.
The business of artificial intelligence is booming, and its major players are helping companies grow in all sectors.
Spend management company Lamp released its first quarter spend report on which AI companies its customers are paying to. The results show that non-tech companies, particularly in healthcare and finance, are increasingly using AI.
In its report, Ramp compiled a list of the top 10 AI vendors based on thousands of transactions on customers’ corporate cards. This list includes familiar names in generative AI such as OpenAI and Midjourney, as well as more specialized tools such as Celebrities.
“OpenAI’s generative AI models like ChatGPT are extremely useful for functions like customer service, marketing, and engineering, while Midjourney and Celebrities are most likely to appeal to more artistic teams in branding and design. ,” said Rahul Sengottuvel, Head of Applied AI Platform at Ramp. he told Business Insider.
Ramp’s top 10 AI vendors are:
- OpenAI
- The middle of a journey
- human
- firefly.ai
- eleven lab
- Perplexity AI
- Introduce AI
- instant.ai
- beautiful.ai
- pine cone
No wonder OpenAI, the creator of ChatGPT, is king, followed by more generative AI services. According to Ramp data, 82% of companies that spent money on OpenAI in 2023 are still spending money on OpenAI a year later.
But specialized, “narrow” AI, which Rump describes as tools that mimic human intelligence for specific tasks, is growing in popularity.
Fireflies.ai, the limited AI tool at the top of the list, is a service that transcribes, summarizes, and analyzes conversations, and touts its ability to “automate meeting notes,” according to its website. doing.
As the companies on the list and others grow in popularity, big tech companies are also placing bets. Amazon has committed to a multibillion-dollar partnership with Anthropic, his AI safety and research company that features a chatbot named Claude.
Meanwhile, Microsoft partnered with OpenAI in 2019, a move that Microsoft CTO Kevin Scott called “basically a gamble” on Reid Hoffman’s “Possible” podcast last week.
So far, it’s paying off.
“We believe these vendors represent the forefront of innovation and continuous improvement in this AI era, as they offer scalable AI solutions that meet a wide range of business needs and can grow with your business,” Sengottuvelu told BI. Told.
Axel Springer, Business Insider’s parent company, has a global deal that allows OpenAI to train models based on its media brands’ reporting.
