The Growth of AI-Driven Companies in 2020–2023

With the advent of ChatGPT, the number of new AI tools, plugins, and inventions has risen enormously. The internet is exploding with AI news. Consequently, we have prepared a data analysis about AI-driven companies and their growth.

This research analyzed 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 founded between 2020 and 2023.

Important: This graph does not represent the number of AI-driven companies in these countries. It only shows companies founded between 2020 and 2023.

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

At the time of writing, we only had 2023 data until April. Assuming that the growth rate remains the same, it's likely that by the end of 2023, the amount of newly founded AI-driven companies will exceed the year 2022, letting us believe that the numbers are going up again for the first time since 2020.

Top 10 largest AI-driven companies by headcount

The growth of AGI-related (Artificial General Intelligence) companies

At the time of this research, there were 118 registered companies that mentioned Artificial General Intelligence or AGI in their descriptions. In contrast to AI built for a specific purpose, AGI is capable of doing a range of tasks, often better than a human would.

What’s interesting about this is that there are 3 companies on the list, dating back to as early as 1976. However, most AGI companies (68) were founded between 2016 and 2022.

Conclusion

As more people talk about AI and AGI, it’s no surprise that there is growth in companies focused on these technologies.

However, it’s worth noting that not all these companies may exclusively be working towards developing 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 statistics have data from China, it will be clearly disclaimed.