It’s fair to say that artificial intelligence ranks high on the 12th annual CNBC Disruptor 50 list.
About two-thirds of the 50 companies on the Disruptor 50 list describe artificial intelligence as “critical” to their business. It starts at the top: For the first time ever, one company is repeating the number one spot: OpenAI.
Artificial intelligence is reshaping the market even further. Thirteen of the 2024 disruptors call themselves “generative AI companies,” including five of the top 10 on this year’s list, which have collectively raised at least $5.5 billion from investors in the past year.
Companies in industries ranging from cybersecurity to agriculture also define artificial intelligence as mission-critical. This is an important shift from the past era of disruptive innovation dominated by Silicon Valley, in which the “better, faster, cheaper” mantra, almost entirely funded by venture capital, is disappearing.
Artificial intelligence requires significant capital investment and will inevitably lead to close cooperation with existing giants, not just disruptive competition.
Overall, disruptors have raised $70 billion in 2024, with a total implied valuation of $436 billion.
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