10 Artificial Intelligence Business Success Stories [2024]
The global artificial intelligence market size is estimated to grow by approximately 54% YoY, reaching over 22 billion U.S. Dollars in the next few years.
Therefore, starting an AI-related business today can be a lucrative business opportunity. Are you wondering which AI business ideas you can start in 2024?
Here is a full list of top artificial intelligence business ideas you can start today.
Here are some real life success stories of starting a artificial intelligence business:
1. AdviNow Medical ($2.4M/year)
James Bates, the CEO and Founder of AdviNOW Medical, came up with the idea for his business after realizing that doctors spend 2/3 of their time on clerical work, leaving less time for patients. He saw the potential for artificial intelligence to automate the front and back office of clinics, allowing doctors to focus on patients and increasing revenue and profitability. With the vision of making healthcare available to everyone through technology, AdviNOW is revolutionizing the industry and seeing significant success with over 1,000 medical locations adopting their automated medical visit system.
How much they make: $2.4M/year
How much did it cost to start: $15M
Current team size: 25
AdviNOW Medical uses artificial intelligence to automate clerical work, resulting in doctors being able to focus solely on patients and patients seeing more doctors every day, leading to increased profitability while solving healthcare issues.
2. Marine Digital ($6K/year)
Ivan, the founder of Marine Digital, came up with the idea to create a modern digital service in the marine industry after seeing how outdated and inefficient the industry was during his work in banking, IT, and logistics. With the support of APX VC Fund and a pivot in his business, Ivan and his team developed a fuel optimization system that has garnered interest from clients and generated €60K in revenue from pilot projects. Now, they are launching the production of their digital twin in the EU, with plans for worldwide mass-market scaling in the future.
How much they make: $6K/year
How much did it cost to start: $1M
Current team size: 12
Marine Digital is a deep-tech company that aims to make modern instruments of decarbonization available for the mass market and has made massive progress in performance digital twin cost reduction (10 times lower than the average market cost), providing opportunities for non-giant marine companies to use it, with 3 pilots earning about €60k.
So... can you actually make money with a artificial intelligence business?
Of course. There are millions to be made in this industry.
But how?
- Research real, profitable businesses and see exactly how much money they make.
- Study exactly what works, and what doesn’t.
- Take action, because now you have the roadmap.
Join Starter Story and build your next big thing:
3. Cleanvoice AI ($4.8K/year)
Adrian, a computer science graduate and former data scientist, started Cleanvoice after experiencing the time-consuming process of editing podcasts. His interest in applied AI led him to develop a tool that uses machine learning to automatically edit podcasts, removing filler words and stuttering. Cleanvoice currently generates $400 MRR and offers a pay-as-you-go credit-based pricing model.
How much they make: $4.8K/year
How much did it cost to start: $600
Current team size: 0
So... can you actually make money with a artificial intelligence business?
Of course. There are millions to be made in this industry.
But how?
- Research real, profitable businesses and see exactly how much money they make.
- Study exactly what works, and what doesn’t.
- Take action, because now you have the roadmap.
Join Starter Story and build your next big thing:
4. Imagined with AI ($54K/year)
Sabatino, a full-stack freelance developer and head of development at Craftzing, became interested in the AI revolution happening and trained his first model after playing around with Google Colabs. During a city trip to New York, he and his girlfriend Silke came up with the idea for AI-generated portraits, which led them to launch Imagined with AI. Within 24 hours of launching their MVP, they sold their first AI-generated portraits and have since attracted customers from over 25 countries, generating over 234,000 unique images to date.
How much they make: $54K/year
How much did it cost to start: $0
Current team size: 0
Imagined with AI generates unique, AI-generated portraits in various styles that has helped generate over 234,000 unique images to date, and is used by customers in over 25 countries.
5. EDIIIE ($3.6M/year)
Gautam Arjun, the co-founder of EDIIIE, came up with the idea for the business after working with EdTech and health tech firms that wanted to create interactive and immersive learning experiences. The success of their first projects, including a virtual reality journey through the solar system and a VR solution to cure Amblyopia, confirmed that they were on the right path. Now, EDIIIE is India's largest solution provider for AR/VR/MR and Gamification needs, with a team of 150+ employees and a diverse portfolio of projects.
How much they make: $3.6M/year
How much did it cost to start: $150K
Current team size: 150
EDIIIE is a creative technology company that uses AR/VR/MR and gamification to design and develop next-generation experiences for global brands, with over 150 experienced employees across three offices, having successfully delivered 200+ projects to businesses worldwide, including training modules for leading manufacturing firms, delivered some of the top projects to many leading firms across industries, and are currently looking to hire for senior positions.
So... can you actually make money with a artificial intelligence business?
Of course. There are millions to be made in this industry.
But how?
- Research real, profitable businesses and see exactly how much money they make.
- Study exactly what works, and what doesn’t.
- Take action, because now you have the roadmap.
Join Starter Story and build your next big thing:
6. Satalia ($14M/year)
How much they make: $14M/year
Current team size: 104
This case study features Daniel Hulme, a world-renowned AI specialist and founder of Satalia, who combines technology and organizational psychology to build swarm-like companies, leading to WPP's acquisition of Satalia.
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- 4,818 founder case studies
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- 8,628 business ideas
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- 4,818 founder case studies
- Access to our founder directory
- Live events, courses and recordings
- 8,628 business ideas
- $1M in software savings
- 4,818 founder case studies
- Access to our founder directory
- Live events, courses and recordings
- 8,628 business ideas
- $1M in software savings
- 4,818 founder case studies
- Access to our founder directory
- Live events, courses and recordings
- 8,628 business ideas
- $1M in software savings
- 4,818 founder case studies
- Access to our founder directory
- Live events, courses and recordings
- 8,628 business ideas
- $1M in software savings
- 4,818 founder case studies
- Access to our founder directory
- Live events, courses and recordings
- 8,628 business ideas
- $1M in software savings
- 4,818 founder case studies
- Access to our founder directory
- Live events, courses and recordings
- 8,628 business ideas
- $1M in software savings
