A Complete List of AI Stocks

We analyzed a list of all the initial public offerings (IPOs) stocks for 2023, financial data, patent lists, research and development spending (R&D), and tech greenhouse gas emissions. Specifically, we looked at how much Artificial Intelligence (AI) companies contributed to each of these areas. This post shares our findings and provides a detailed look into the metrics, methodology, sources, and resources we used. 

We looked at the top 5 AI ETFs by Assets Under Management (AUM) in 2024 and curated a complete list of the top AI stocks:

• Global X Robotics & Artificial Intelligence ETF (BOTZ) some text
  • AUM (1.7 billion)
• Robo Global Robotics and Automation Index ETF (ROBO) some text
  • AUM (1.4 billion)
• iShares Robotics and Artificial Intelligence Multi-Sector ETF (IRBO) some text
  • AUM (1.2 billion)
• ARK Autonomous Technology & Robotics ETF (ARKQ) some text
  • AUM (600 million)
• First Trust Nasdaq Artificial Intelligence and Robotics ETF (ROBT) some text
  • AUM (557.2 million)

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List of ETFs

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List of 50 AI Stocks From ETFs

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Key Summary Findings as of May 2024 

1. 33% of companies with an initial public offering (IPO) in 2023 were AI stocks (United States), compared to 2022, where 19% were AI companies. 
2. The top 5 AI companies held 30% of all AI patents in 2023.
3. 63% of the top 100 R&D spenders were AI companies (United States).
4. The top 5 companies contributed 35% ($150 billion) of R&D spending. 
5. 53% of the top 100 Tech Carbon Emitters were AI companies. 

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AI Stocks IPOs in 2023 

Overview

In 2023, 154 companies made an initial public offering (IPO). An IPO is when a private company lists shares on a stock exchange, allowing the general public to invest in that company. 

All public companies in the US have to file and disclose information to the Securities and Exchange Commission (SEC) so the public can access financial and other information about the business (audited quarterly and annually). This is crucial for transparency and accountability. 

We analyzed the IPO list and found that 33% (50 companies) were AI companies. Company name, Website, and Financial data are listed below.

Sources: SEC.gov, StockAnalysis, Financial Modeling Prep

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Top 100 Companies With AI Patents in 2023 

In 2023, Harrity Patent Analytics published a list of the top 100 companies in AI with the most AI-related technologies. Patents are exclusive rights granted for an invention (product or process) that provides a new way of doing or solving a particular problem.

We analyzed the top AI patent producers in 2023, and here is what we found: 

• The top 100 AI companies produced 13,152 patents.
• The top 5 companies produced 3,899 patents (approximately 30%).

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The top 5 companies held approximately 30% of all patents in AI for 2023

Sources: United States Patent and Trademark Office (USPTO), Harrity Patent Analytics

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Methodology and Resources

Here is the process that we went through to gather and analyze our data. To get the percentages of AI companies from all our data lists: 

• First, careful manual labeling was done to identify if the company was an AI company or not. 
• Second, facebook/bart-large-mnli was used to classify each company based on their Prospectus/About me. 
• After getting the list of companies from the classifier, a second round of manual checking was applied. This involved looking at the company Prospectus/About me and their websites to further curate the list of companies. 
• This process was done for the AI IPO’s list, AI R&D spenders, and AI Carbon Emitters.

All data was collected from cited sources, the official SEC EDGAR database, and/or both for cross-referencing and checking data accuracy and integrity.