This RadarView aims to help enterprises understand the current state of AI and identify opportunities for leveraging this technology to streamline their business workflows. It begins with a summary of key trends shaping the supply side of the market. It continues with a detailed assessment of 14 providers delivering generative AI (Gen AI) platforms. Each profile gives an overview of the platform provider, its key IP and assets, and a list of major clients and partnerships, along with brief client case studies. Each profile concludes with an analyst’s insights on the provider’s product maturity and market adaptability.
Why read this RadarView?
Since ChatGPT’s debut in 2022, Gen AI platforms have undergone rapid evolution. Initially designed for text-based interactions, demand for processing image, audio, and video input spiked across sectors such as banking, healthcare, and retail. To meet these demands, vendors augmented their platform capabilities with multimodal data processing, industry-specific customizations, and long context windows. Additionally, these vendors are integrating LLMs into smart devices, including smartphones, laptops, and industrial robots, to cater to diverse application areas.
The Generative AI Platforms Q2 2024 RadarView™ highlights key supply-side trends in this space and Avasant’s viewpoint on them. It aids companies in identifying top platform providers to assist them in their Gen AI journeys. It also analyzes each platform provider’s capabilities in technology and delivery support, enabling organizations to select the right strategic partners to implement AI.
Featured providers
This RadarView includes a detailed analysis of the following Gen AI platform providers: AI21 Labs, Alibaba Cloud, Anthropic, AWS, Baidu, Atos, Cohere, Databricks, Google Cloud, Meta, Microsoft, Mistral AI, OpenAI, and xAI.
Methodology
Our evaluation of platform providers is based on primary input from the providers, focused briefings, public disclosures, validation from their clients, and Avasant’s ongoing market interactions. The assessment is across the two dimensions of product maturity and market adaptability, leading to our recognition of those platform providers that have brought the most value to the market over the past 12 months.
Table of contents
About the report (Page 3)
Executive summary (Pages 4–9)
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- Definition and scope of Gen AI platforms
- Avasant recognizes 14 top-tier providers supporting the enterprise adoption of Gen AI platforms
- Provider comparison
Lay of the land (Pages 10–12)
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- Multimodal AI use cases are being explored by 80% of enterprises across sectors, offering a massive opportunity to enhance productivity and gain a competitive edge.
- LLM providers are exploring the convergence of Gen AI with smart devices to provide better user experience across diverse form factors.
Platform provider profiles (Pages 13–27)
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- Detailed profiles for AI21 Labs, Alibaba Cloud, Anthropic, AWS, Baidu, Atos, Cohere, Databricks, Google Cloud, Meta, Microsoft, Mistral AI, OpenAI, and xAI.
Appendix (Pages 28–32)
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- RadarView assessment
- Research methodology and coverage
- Interpretation of classification
Key contacts (Page 33)
Read the Research Byte based on this report.
