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Data Analysis

The Growth of AI-Driven Companies During 2020-2023

The Growth of AI-Driven Companies During 2020-2023
Andrius Ziuznys

Andrius Ziuznys

June 23, 2023

With the advent of ChatGPT, there has been an enormous rise in the number of new AI tools, plugins, and inventions. The internet is exploding with AI news. Consequently, we have decided to prepare a data analysis about AI-driven companies and their growth.

This research was conducted by analyzing 67 million company records from the most popular professional network.

The list of companies included in this analysis was generated by extracting data from a large-scale database based on company specialties. All businesses that were selected had the keywords “Artificial Intelligence”, “Artificial General Intelligence”, “AI”, or “AGI” in their specialties.

New AI-driven companies: Top 5 countries

Data shows that the U.S. has the highest number of AI-driven companies that were founded between 2020 and 2023.

top 5 countries

Important: this graph does not represent the total number of AI-driven in these countries, only companies that were founded in 2020-2023.

How many new AI-driven companies were founded during 2020-2023?

At the time of writing, we only had 2023 data until April. If we assume that the growth rate remains the same, it is likely that by the end of 2023, the number of newly founded AI-driven companies will exceed 7,800, which would lead to approximately 600 more companies than in 2020.

companies founded 2020-2023

Top 10 largest AI-driven companies by headcount

top 10 largest AI-driven companies by headcount

At the time of this research, there were 118 registered companies that mentioned Artificial General Intelligence or AGI in their descriptions. What’s interesting about this, is that there are 3 companies on the list, dating back to as early as 1976. However, most of the AGI companies (68) were founded between 2016 and 2022.

AGI companies growth


As more and more people are talking about AI and AGI, it’s no surprise that there is a growth of companies that are focused on these technologies.

However, it’s worth noting that not all of these companies may exclusively be working towards the development of AI and AGI. Some of them may simply be using AI as a tool. Therefore, we’re not making any loud claims that the number of new AI companies is exploding. We only show what our data tells us.

Please note that China was excluded from the majority of the research. China has limited access to our source, therefore, we decided not to risk distorting the data. If any of the statistics have data from China in them, it will be clearly disclaimed.

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