The Strategist

NVIDIA steals first place in MIT Technology Review rating

07/04/2017 - 12:55

MIT Technology Review rating of the world’s most innovative companies was first headed by American developer of graphics accelerators, processors and sets of system logic NVIDIA.

M.O. Stevens
M.O. Stevens
NVIDIA has been lingering in the rating since 2015. This year, the company has risen immediately by 11 positions, having established itself as the leading provider of computing power for software of artificial intelligence (AI). MIT Technology emphasizes that the company's revenues from its data center and automobile business increased by 186% and 24% respectively, during the last financial quarter. The company also spent $ 3 billion to develop a new graphics chip of the seventh generation.

SpaceX company, has been staying in the rating since 2011, is the second this year. It added 14 positions and proved that it is possible to create reusable rockets, thus making the cost of launching considerably cheaper. SpaceX also reduced the time it took to repair its recycled rockets (from one year to several months) and began preliminary testing of its Falcon Heavy booster rocket, which is expected to be completed at the end of the year and will be the most powerful in the world.

The top three is closed by Amazon, which has fallen in the ranking down by two positions. The company has made significant strides with its Amazon Alexa assistant service. Now, it controls everything from TVs to cars, and can become the next important computing platform. There are 12 thousand programs published for Alexa at the moment. The company is also optimizing physical sales: now a customer, entering Amazon Go store in Seattle, can make purchases through an application on the phone, and receive the ordered goods immediately.

23andMe private biotech company is the fourth. This year, the company opened a new business and authorized sale of genetic risk reports for late Alzheimer's disease, Parkinson's disease and eight other diseases. In the middle of the ranking is Alphabet, whose division DeepMind continues to develop new ways for AI systems to simulate human intelligence and learn faster, and Waymo's car management project continues to improve performance.

The sixth place belongs to IT-company iFlytek, which dominates the market of voice technologies in China. Last year, the company expanded the system of voice commands for cars, houses, robots and schools. The seventh place is taken by the American biopharmaceutical company Kite Pharma, which develops a method of targeting T-cells to fight cancer.

Chinese communications company Tencent, the owner of the largest Chinese messenger WeChat, holds the eighth place. It is also the largest video game company in the world. In April, the Internet giant surpassed the US banking company Wells Fargo and became one of the ten most valuable companies in the world by market capitalization.

The ninth place belongs to American biotechnology company Regeneron. In March, it was announced that along with the British Biobank and pharmaceutical giant GlaxoSmithKline, the company will begin to sequester genetic data from 500,000 volunteers to support research into drug development and DNA dependence on diseases.

American company Spark Therapeutics is closing the top ten leaders. In addition to treating progressive form of blindness, the company is testing a method of fighting hemophilia B, as well as cure clotting disorders by intravenous treatment with viruses with revised versions of the gene.

Apple, the most expensive corporation of the world, took the 16th place. The rating notes that the company is trying to catch up with Amazon with the help of HomePad. The 23rd place is occupied by Facebook, fighting against fake news and developing its units for creating AI. IT-companies Microsoft and Tesla settled on the 27th and 31st places, respectively, and manufacturers of processors Intel and IBM hold the 13th and 39th places.

Curiously, Adidas, which launched a robotic microfabric for the production of shoes in German Ansbach, hit the 38th place – this is the first time for the company. Besides, Adidas is working with 3D printing company Carbon on new ways of making materials, including the grating sole used in Futurecraft 4D shoes.