AI Unicorn ByteDance Faces Rough Overseas

Best known for its video sharing app TikTok and news aggregating site Toutiao, ByteDance is the most valuable AI unicorn. Last year, it raised a whopping $1.3 billion at a valuation of $75 billion.

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C3.ai Looking to International Partners and Markets

According to an Allied Market Research report, the global enterprise AI market is estimated to grow at 35% CAGR to $53.06 billion by 2026 from $4.68 billion in 2018. Redwood City-based C3.ai is a leading player in the sector.

Cloud Stocks: Dropbox Gears Up to Regain Lost Valuation

According to a Market and Market research report, the Enterprise Collaboration Market is estimated to grow at 9% CAGR to $48.1 billion by 2024 from $31 billion in 2019. Growth is expected to be driven by the higher adoption of social networking websites and the usage of mobile devices for enterprise collaboration. Dropbox (Nasdaq: DBX) is a leading player in the industry that is gearing up its product portfolio to meet this growing demand for collaboration.

Driverless Car Startup Pony.ai Joins Unicorn Club

According to an Allied Market Research report, the global autonomous vehicle market size is projected to grow from $54.23 billion in 2019 to $556.67 billion by 2026 at a CAGR of 40%. Fremont-based Pony.ai is a leading player in the market.

Dataminr Leveraging AI to Manage Risk

According to a recent report by Fortune Business Insights, the global artificial intelligence market is estimated to grow 33% annually to $202.57 billion by 2026. New York-based Dataminr is using AI tools to help organizations mitigate and manage crises and opportunities effectively.

Oracle Focuses on Cloud Native Applications

Oracle (NYSE: ORCL) continues to struggle to meet market expectations. The recently reported second quarter results missed revenue forecasts despite beating earnings. The market was not pleased, and the stock fell 5% post the result announcement.

Upwork Focuses on Enterprise

According to a recent report by Payoneer, earnings for freelancers in the US grew by 78% in 2018, making it the fastest growing freelance market in the world. The growth of freelancers is attributed to organizations wanting to employ contractual employees to avoid fixed costs and the increasing supply of professionals who treat freelancing as a lifestyle option. Freelance services platform Upwork (Nasdaq: UPWK) recently reported its results that surpassed market expectations.

Cloud Stocks: Anaplan Sees Expanding Use Cases

According to a Tech Navio report, the global ERP market is estimated to grow 9% over the next few years to $18.91 billion by the year 2023. The growth in the industry will be driven by the increased adoption of planning solutions by the SMB segment. Cloud-based enterprise planning services provider Anaplan (NYSE:PLAN) is already witnessing this growth and features among our list of Top 20 Cloud Stocks for 2020.

Cloud Stocks: Top 20 for 2020

The year 2019 has come to an end and here we do a review of the best performing cloud stocks of 2019 and the most promising for 2020. The criteria for making this list are a strong strategy or performance in Platform-as-a-Service (PaaS), Artificial Intelligence (AI), and robust Developer Ecosystems.

Cloud Stocks: Adobe Revs up its Experience Platform

Adobe last week reported a strong fourth quarter that beat estimates. Its annual revenue crossed the milestone of $10 billion. It recently upgraded its product portfolio and its Digital Experience platform that have helped it build momentum for 2020.