In 2024, the artificial intelligence (AI) sector continues to grow rapidly, with emerging startups making significant strides and attracting substantial funding. The launch of ChatGPT by OpenAI in late 2022 has spurred unprecedented growth in the AI industry. As the global AI market is projected to expand at a compound annual growth rate (CAGR) of 36.6% from 2024 to 2030, many new startups are capitalizing on this momentum.

According to a forecast by Grand View Research, the AI market is on track to reach $407 billion by 2027. With approximately 42% of enterprise-scale organizations integrating AI into their operations and around 38% implementing generative AI, the sector is thriving. Forbes has recently highlighted the top emerging AI startups of 2024 that are leading the charge and securing significant investments.

Leading the list is OpenAI, with an impressive $11.3 billion in funding, underscoring its dominant position in AI model development. 

Here are the top 10 emerging AI startups of 2024 that are drawing attention and investment: 

1. OpenAI
2. Anthropic
3. Databricks
4. Anduril Industries
5. Figure AI
6. Cerebras Systems
7. Insitro
8. Scale AI
9. Mistral AI
10. Cohere

Source: Forbes and The Indian Express