It’s not Amazon, it’s not Apple and it’s not Microsoft – Massachusetts Institute of Technology’s MIT Technology Review has just declared NVIDIA as the smartest company in 2017.

Nanette Byrnes, senior editor for business, MIT Technology Review

“These are the companies that the competitors must follow.”Nanette Byrnes,
senior editor for business

Technology and innovation drive business and some companies are better at that than others.

Every year, MIT Technology Review ranks companies for their annual 50 Smartest Companies list.

These include companies, both public and private, originating across the globe.

“The companies on the list combine a high level of technology innovation with a business model that will help them make the most of it,” states Nanette Byrnes, senior editor for business.

“Public, private, large and small, based in countries around the globe, this group of companies are creating new opportunities and pouncing on them, these are the ones that competitors must follow.”

Artificial intelligence, a technology that MIT Technology Review believes will drive much of the economic growth over the next few years, is sprinkled throughout the list.

The company at the top, Nvidia, has gained expertise in AI and used it to transform itself.

Nvidia was once known as a maker of chips for gaming, it is now a leading player in deep learning and autonomous vehicles.

MIT Technology Review 50 Smartest Companies 2017

  1. Nvidia
  2. SpaceX
  3. Amazon
  4. 23andMe
  5. Alphabet
  6. iFlytek
  7. Kite Pharma
  8. Tencent
  9. Regeneron
  10. Spark Therapeutics
  11. Face++
  12. First Solar
  13. Intel
  14. Quanergy Systems
  15. Vestas Wind Systems
  16. Apple
  17. Merck
  18. Carbon
  19. Desktop Metal
  20. Ionis Pharmaceuticals
  21. Gamalon
  22. Illumina
  23. Facebook
  24. Udacity
  25. DJI
  26. MercadoLibre
  27. Microsoft
  28. Rigetti Computing
  29. Kindred AI
  30. Sophia Genetics
  31. Tesla
  32. Oxford Nanopore
  33. Foxconn
  34. M-KOPA
  35. ForAllSecure
  36. Flipkart
  37. Bluebird Bio
  38. Adidas
  39. IBM
  40. General Electric
  41. Alibaba
  42. HTC
  43. Blue Prism
  44. Jumia (Africa Internet Group)
  45. Veritas Genetics
  46. Daimler
  47. Salesforce
  48. Snap
  49. Ant Financial
  50. Baidu

What Business Are These Companies in?
While technology is the basis for this ranking, it spans firms that map human genetics in search of cures for rare diseases, drone manufacturers, social media companies and even firms that supply 3-D printing tech for sneakers.

In terms of industries, those in the business of intelligent machines and artificial intelligence constituted almost a third of the total followed by biomedicine firms (22%), and firms in the business of connectivity comprising 20%.

Smartest Companies 2017: By Industry

Source: MIT Technology Review