Forbes released its sixth annual 'AI 50' in collaboration with Sequoia and Meritech Capital

Forbes' AI 50 list recognizes the most noteworthy privately-owned AI companies. With a particularly competitive landscape as the backdrop, this year's edition of the AI 50 received about 1,900 submissions, over twice as many as last year. Applicants are judged using a combination of a quantitative algorithm and qualitative panels, which consider publicly disclosed information, or, where missing, PitchBook and Crunchbase reports. The sheer diversity of companies represented in the list is dizzying. Expectedly, sector giants such as OpenAI, Anthropic, Databricks, and Runway are present, and so are newer names such as Mistral, Hugging Face, Cohere, and Adept. But the list also recognizes some smaller organizations for the first time, especially since they have shown steady growth, such as LangChain, Baseten, and Unstructured. A sizeable chunk of the list comprises every AI application imaginable: media generation companies such as Pika, Midjourney, and Leonardo AI, voice generation specialists ElevenLabs, robot maker Figure AI, productivity software Notion, medical and legal AI startups Abridge and Harvey, and even chipmaker Cerebras Systems.

Forbes has prepared a full package of coverage on the AI 50, a great starting point to learn more is the full list, which includes links to their methodology and more.