AI is having a real moment in history. It is the darling of every industry revolutionizing the way we work, study, and even play. Artificial intelligence (AI) and machine learning (ML) have become integral to many industries, from social media to finance to e-commerce. We are coming into a new era of AI and ML.
In recent years, some of the world’s most well-known companies have started using AI and ML. In this article, we’ll take a look at some of the top companies that use AI and ML in their offerings, and how they are changing the game and markets. AI software is predicted to reach astonishing heights within the next few years.
Revenues from the artificial intelligence (AI) software market worldwide from 2018 to 2025
According to Omdia, revenue from the Artificial Intelligence (AI) software market worldwide is expected to reach 126 billion dollars by 2025.
Netflix
Netflix, the popular streaming service, has been using AI and ML for years to personalize the user experience. Its recommendation system uses algorithms to analyze user data and suggest shows and movies that the user is likely to enjoy. Netflix’s AI also helps them to optimize video compression, improving video quality while reducing bandwidth usage. Recently, Netflix has started using AI to enhance its production capabilities, allowing it to automate tasks like script analysis and image recognition. Next time you’re browsing your feed, know that Netflix has used AI to suggest a binge session of Emily in Paris!
Amazon
Amazon, the e-commerce giant, has been using AI and ML to power its recommendation engine, which suggests products to users based on their browsing and purchase history. There is a very real science connected to your extensive suggestions on Korean beauty products. Your browsing history within the site has carefully pulled data and curated a list for you. The company’s AI-powered assistant, Alexa, has also become a popular addition to many households, allowing users to control smart home devices, play music, and even order products with voice commands. In addition, Amazon has been using ML to optimize its supply chain and improve delivery times, as well as to detect and prevent fraud.
Google, perhaps the most well known user of AI and ML, the search engine giant, has been using AI and ML to enhance its search results for years. Its RankBrain algorithm uses ML to better understand user queries and deliver more relevant results. Google has also integrated AI into many of its other offerings, including Google Maps, which uses ML to predict traffic and suggest faster routes. In addition, the company’s AI-powered virtual assistant, Google Assistant, has become a popular addition to many households.
Tesla
Tesla, the electric car manufacturer, has been using AI and ML to enhance its self-driving capabilities. Its Autopilot system uses a combination of sensors, cameras, and AI to detect and avoid obstacles, making driving safer and more efficient. Tesla’s AI also helps them to optimize battery usage, improving the range and reducing charging times. In addition, its AI-powered voice command system, Tesla Voice, allows drivers to control various features of their car without taking their hands off the wheel.
Social Media
Perhaps one of the biggest use cases for AI and ML is social media. Platforms like Facebook have gone so far as to change their name to Meta which is an ecosystem that aims to be entirely virtual moving from 2D into an immersive experience. Instagram uses AI to personalize the user experience by analyzing user data to suggest relevant content, like posts, ads, and products. Social media platforms are using AI to detect and remove harmful content, like hate speech and fake news.
These are just a few examples of how AI and ML are being used by some of the world’s most well-known companies to enhance their products and services. The software developed by Creed&Bear uses AI and ML to analyze vast amounts of data when calculating risk . Historical data and current data points are all pulled and calculated into Creed&Bears proprietary software giving their clients a competitive edge. Creed&Bear’s early adoption of the newest technologies sets them apart from traditional companies providing software solutions. As AI technology advances , we can expect to see even more innovative use cases emerge, revolutionizing the way we interact with technology.
