10 AI startups to watch in 2024

OpenAI

OpenAI showcased the world's AI capabilities with the chatbot ChatGPT, launched in 2022. Since then, the company has continued to push the boundaries of technology. It has developed software capable of creating impressively realistic videos, as well as AI that can respond to users' questions in near real-time with a human-like voice.

Anthropic

Anthropic, founded by former OpenAI employees, is considered its main competitor in the field of language models. The startup is close to OpenAI in terms of performance and funding from Google and Amazon. The company focuses on business solutions and is significantly expanding its client base, which includes Bridgewater Associates, Salesforce, and Pfizer.

Suno

Suno creates unique music based on prompts. This technology generates complex and realistic songs in just seconds. Suno leads among new startups in automating the music creation process. Despite its popularity among users, the company has faced backlash from the music industry.

Perplexity

Founded in 2022, Perplexity quickly attracted attention as a disruptor of Google's system, offering an AI-powered search engine. Perplexity's investors include Jeff Bezos, SoftBank, and Nvidia.

Mistral

Mistral, founded in Paris last year by former Google DeepMind and Meta employees, stands out among American and Chinese AI companies. The startup has released several popular open-source language models, developer tools, the Le Chat chatbot, and a programming product. Mistral aims to become an independent alternative to Silicon Valley, despite partnerships with major American tech giants such as Microsoft and IBM.

xAI

Elon Musk's new AI startup, xAI, raised several billion dollars earlier this year, promising to create the Grok chatbot. This bot is trained on posts from X and is available to network subscribers. Musk stated that xAI aims to become the "funniest AI».

Scale AI

The Scale AI platform cleans and labels data using software and human labor. This data is essential for creating AI systems. The startup's clients include major companies such as OpenAI, Google, and Meta, as well as the U.S. Department of Defense. High demand for data has made Scale one of the most highly valued AI companies in the world.

Cohere

Cohere develops large language models primarily for corporate clients such as Salesforce and Accenture. Founder Aidan Gomez, a former Google engineer and co-author of an important AI paper, helps implement new solutions in business. Cohere's Command R+ model is cheaper than OpenAI's GPT-4 Turbo and is designed for specific business tasks, despite having slightly lower performance.

CoreWeave

CoreWeave provides cloud computing power, including graphics processing units (GPUs), which are necessary for AI companies to operate. Microsoft struck a deal with CoreWeave for additional access to GPUs. The company doubled its valuation in April 2024, becoming one of the most expensive startups in the U.S. Previously focused on cryptocurrency mining, CoreWeave has successfully transitioned to providing computing power for AI.

ElevenLabs

ElevenLabs is developing voice cloning technologies. The company is creating software capable of imitating human voices, converting text to speech, and translating speech from one language to another. The technology is used by AI video creation startups such as HeyGen and Captions, as well as individual users.