Open AI Vs Neurala: Who is Leading the Deep Neural Network Market?

Deep neural network market size is expected to reach US$5.98 billion by 2027, who is leading the market?

Neural networks are empirical mathematical models that mimic how people identify patterns, learn new skills, and solve problems. A neuron in a mammalian brain is activated and "fires" a connected neuron only after an electrical threshold is exceeded. This has led to the development of neural networks. According to Emergen Research, the global deep neural network market size is expected to reach US$5.98 billion by 2027, registering a CAGR of 21.4% over the forecast period. Let's see who is leading between Open AI and Neurala in the deep neural network market.

OpenAI is a non-profit artificial intelligence research company, associated with business magnate Elon Musk, that aims to carefully promote and develop friendly AI in such a way as to benefit, rather than harm, humanity as a whole. The organization aims to "freely collaborate" with other institutions and researchers by making its patents and research open to the public. The company is supported by over US$1 billion in commitments. Its current revenue is over US$27 million.

Neurala, founded in 2006, is a visual AI software pioneer. Neurala helps industrial companies improve their quality inspection process with technology that dramatically reduces the time, cost, and skills required to build and maintain production-quality custom vision AI solutions, as part of its mission to make AI more applicable and useful in the real-world applications. Neurala raised US$12 million in 2021 in funding to accelerate the development of vision AI for manufacturing. Its current revenue is US$32.1 million.

Although enormous quantities of money have been obtained through investments and some through acquisitions, the non-profit research group focuses on the creation of AI for the benefit of all humanity and has managed to keep its open-source mentality. OpenAI employs some of the most well-known individuals in AI, including deep learning expert Ilya Sutskever. Microsoft, Amazon, and Elon Musk are among its sponsors.

Neurala leverages its proprietary AI platform to empower companies to automate visual inspections. Manufacturers around the world use Neurala VIA software to increase inspection rates and reduce product defects. Now with a European office in Trieste, Italy.