How Many AI Tools Are There: Best AI Tools In 2024

How Many AI Tools Are There: Best AI Tools in 2024

Usman Ali

March 3, 2024

0 Comment

AI technologies are reshaping sectors, altering how organizations operate, solve complicated challenges, and engage with consumers. From healthcare to banking, manufacturing to marketing, AI is enables enormous potential by automating repetitive operations, processing vast quantities of data, and providing insights in real time.

So, how many AI tools are there?

Let’s look at the statistics.

If you want to remove AI detection and bypass AI detectors use Undetectable AI. It can do it in one click.

Top AI Tool Statistics

The AI industry is predicted to increase from $86.9 billion in 2022 to a whopping $407 billion in 2027.
AI software has a substantial market share among the AI software, hardware, and services areas.
The AI software industry is expected to reach $126 billion by 2025.
By 2030, China will dominate the globe in AI technology, accounting for 26.1% of the worldwide market.
97% of company owners feel ChatGPT will benefit their operations.
When looking for information, 67% of customers prefer to employ AI language model tools over conventional search engines.

How Many AI Tools Are There?

The AI industry is booming, with dozens of AI solutions being launched to sites. This makes it complicated to determine how many AI tools are there, although the number is in the hundreds of thousands. As of March 2023, there were 14,700 artificial intelligence companies in the United States.

These firms are built on AI-powered tools, software, and services for a variety of purposes, including health management, payment processing, deep learning, customer management, content creation, productivity, and data analytics. The worldwide AI hardware market is predicted to increase from $19.63 billion in 2018 to $234.6 billion by 2025.

The AI-driven hardware industry encompasses CPUs, GPUs, network equipment, and storage devices. The top three suppliers are Nvidia, AMD, and Intel.

Over 4 billion devices have AI-powered assistants, with the number expected to reach 8.4 billion by 2024.
Almost fifty percent of Americans use digital assistants: 42% on their cellphones, 14% on a computer or tablet, and 8% on a standalone device like Amazon Echo or Google Home.
The chatbot market is expected to increase from $190.8 million in 2016 to $1.25 billion by 2025.
By 2022, 90% of customer contacts will be handled by bots, saving firms around $8 billion per annum.

Main Players in AI Market

Along with examining how many AI tools are there, we need to analyze which firms are at the top of the list for AI goods and services.

How Many AI Systems Are There?

AI systems are classified into three groups based on how they learn and utilize that information.

Artificial Narrow Intelligence

These AI tools, known as Weak AI, are taught to carry out precise orders and are unable to master abilities besides those required for their function. Examples include virtual assistants, picture recognition software, and self-driving automobiles.

Artificial General Intelligence

These artificial intelligence systems, known as Deep AI, can learn and understand in ways similar to humans. Examples include supercomputers and generative AI models such as ChatGPT.

Artificial Super Intelligence

Science fiction is comprised of the noticeable degree of artificial intelligence. These AI gadgets are intelligent than humans.

What is Foremost Potent Artificial Intelligence?

GPT-3: OpenAI

GPT-3, which is designed to create human replies, contains 175 billion parameters and excels at a variety of linguistic tasks.

GPT-4: OpenAI

The recent generation of the GPT series, GPT-4, contains 100 trillion parameters and can analyze up to 25,000 words, which is eight times the capabilities of GPT-3.

Watson: IBM

This potent AI program is capable of interpreting written materials and identifying patterns that humans would struggle to notice. Watson is capable of reasoning, hypothesis testing, and receiving feedback.

It excels in the healthcare field, where it can forecast skin malignancies based on a patient’s photograph and diagnose ailments with accuracy.

Sophia: Hanson Robotics

Sophia is a humanoid robot that can communicate with people via facial expressions, gestures, voice synthesis, emotional stimulation, and natural language processing. She made history in 2017 when Saudi Arabia gave her citizenship.

AlphaGo: Google DeepMind

Designed to play the Chinese board game Go, this technology made headlines when it defeated the reigning world champion, Lee Sedol. AlphaGo was learned on a massive dataset of human Go games and tuned using Deep Reinforcement Learning.

Tesla Autopilot: Tesla

Tesla Autopilot, the technology that drives Tesla’s self-driving vehicles, is a clever AI system that employs cameras, radar, ultrasonic sensors, and GPS to drive and park without the need for human interaction. It can identify traffic accidents with 90-95% accuracy.

Foremost Used AI Language

According to the University of California, Berkeley, popular and sought programming languages for artificial intelligence are:

Advanced AI Models

Large language models are computer algorithms that are taught to evaluate immense volumes of textual data in order to anticipate word sequences. Language models are the foundation for natural language processing applications, such as speech-to-text conversion and sentiment analysis. Some of the advanced AI models are:

OpenAI

GPT-3
GPT-4

Google

DeepMind

Gopher
AlphaFold
Gato
Chinchilla
Sparrow

Baidu

Ernie 3.0 Titan
Ernie Bot

Huawei

PanGu-Alpha

Smartest AI Robots

Humanoid robots resemble the human body. They are intended to work with human tools and customer service. The sophisticated robots can communicate with people, move like humans, and show emotions.

Humanoid robots have a wide range of applications, including education, personal support, manufacturing, search and rescue, healthcare, and entertainment. Here are the five smartest AI robots in the world.

Sophia: Hanson Robotics
Asimo: Honda
Atlas: Boston Dynamics
Ameca: Engineered Arts
Nadine: Kokoro

How AI Tools Will Affect Business?

Businesses are thrilled about AI’s potential to decrease labor costs and boost productivity. Along with these advantages, there are worries about technological reliance and the learning curve associated with AI adoption.

97% of business owners feel that ChatGPT will assist their company.
Businesses saved $11 billion in 2022 just by using chatbots.
Businesses may save up to 30% on customer support expenses by using chatbots.
55% of organizations that deploy chatbots produce quality leads.
Chatbots may enhance website conversion rates by up to 100%.
Upselling chatbots have a 20 percent conversion rate.
30% intend to utilize ChatGPT to produce website content.
44% aim to create material in a variety of languages.
64% feel that AI will improve customer connections.
64% feel that AI will improve corporate efficiency.
42% feel that artificial intelligence will improve employment operations.
43% are worried about technological reliance.
35% are concerned about not having the technical ability to utilize AI.
27% of corporate leaders want to invest in AI cybersecurity protections to combat cyber threats.

How AI Tools Will Affect Consumers?

With the rise of AI technologies like as ChatGPT and Dall-E, people are inclined to utilize AI instead of conventional methods for engaging with information online.

88% of customers have had a minimum of one interaction with a chatbot.
Chatbots are used by around 1.5 billion individuals worldwide.
67% of people prefer to ask inquiries and discover information using ChatGPT rather than Google.
67% of customers expect to communicate with a company via live chat.
62% of customers would prefer speak with a chatbot than wait for a human representative.
A chatbot can address 90% of consumer issues in 10 or below messages.
54% feel that AI can enhance website content.
46% of Americans use digital aides.
53% feel that chatbots have enhanced the customer experience.
Seventy-five percent are worried about misrepresentation from AI technologies.

How consumers are using AI Tools for daily tasks?

45% use AI to react to texts or emails.
43% utilize artificial intelligence to address financial issues.
38% utilize AI to design their vacation schedule.
31% utilize AI to compose emails.
30% utilize artificial intelligence to prepare for job interviews.
25% employ artificial intelligence to compose social media posts.
19% utilize AI to summarize broad and complicated works.
71% communicate with a chatbot to inquire about the progress of their orders.
67 percent utilize a chatbot to look for items.
62% utilize a chatbot to find deals and discounts.
59% use a chatbot to order meals.
58% contact a chatbot to schedule a meeting.
54% utilize AI to make payments.
46% contact a chatbot to return a product.
40% contact a chatbot for troubleshooting.
28% contact a chatbot to complain about a product or service.

Top Barriers to Adopting AI Tools

When it comes to implementing novel technologies, companies might confront a variety of problems. Here are some of the hurdles to using AI in the workplace:

56% lack people skills.
42% are unable to comprehend the advantages and applications of AI.
34% data scope.
26% of integration complexity.
26% discover use cases.
25% defined a strategy
20% security or privacy issues.
13% of governance concerns.
12% shortage of funds.
10% incertitude about vendor capabilities.

Which Industries Will Survive AI?

Artificial intelligence will continue to revolutionize the workplace.

By 2025, robots, artificial intelligence, machine learning, and automation will have replaced 7% of US occupations.
The substantial interruptions will occur in the areas of office and administrative support.
AI will produce fresh positions such as data scientists, content curators, and robot monitoring specialists, resulting in 8.9 million prospective employees by 2025.
93% of automation experts believe they are unprepared, or just somewhat equipped, to face the challenges of smart machine technology.

Each phase is not doom and gloom as AI sweeps throughout the labor sector. Forbes IT experts anticipate that the following sectors will survive the AI onslaught:

Logistics
Healthcare
Education
Agriculture
Financial Services
Marketing and Advertising
Human Resources
Energy
Construction
Public Transportation
Media and Entertainment

Conclusion: How Many AI Tools Are There?

The emergence of AI has altered sectors in ways we have never seen before. As technology advances, the range of AI tools will expand, bringing automation, customization, and efficiency into our everyday routines.

Embracing these breakthroughs will allow us to achieve novel levels of efficiency, ease, and invention, leading to a society in which AI technologies collaborate with people to improve lives.

FAQs: How Many AI Tools Are There?

How can I determine the number of available AI tools?

When it comes to finding out the number of AI tools available, the task can be challenging due to the evolving nature of the AI landscape. As of 2024, there are numerous artificial intelligence tools offered by various companies catering to different needs and domains.

What are the benefits of using AI tools?

AI tools offer a wide range of benefits, including enhanced efficiency, improved accuracy, automation of tasks, cost savings, and the ability to handle complex data analysis. Businesses can leverage AI technology to stay competitive in the market and drive innovation in their operations.

How do AI tools contribute to the global AI market?

AI tools play a vital role in driving the growth of the global AI market by offering innovative solutions across industries. They enable businesses to stay at the cutting edge of technology and harness the power of artificial intelligence for various applications.

What are some examples of advanced AI tools in the market?

Some notable AI tools include generative AI tools, AI writing platforms, conversational AI solutions, AI content generators, and AI language models. These tools are designed to enhance productivity and deliver intelligent capabilities.

How can businesses benefit from adopting AI tools?

By adopting AI tools, businesses can streamline processes, gain insights from data, improve decision-making, personalize customer experiences, and create engaging content. The AI tools can revolutionize operations and drive growth.

Are there any free trial options available for AI tools?

Some AI tool providers offer free trials for their products to allow users to experience their capabilities before making a purchase. Free trials enable users to explore the features and functionalities of AI tools without financial commitment.