The likes of Apple, Microsoft and TikTok lead the list of TIMEs 100 Most Influential Companies for the year 2023 which was released by the Magazine on Wednesday.

This years edition is the third annual TIME100 Most Influential Companies list with TIME Magazine highlighting businesses and leaders shaping the worlds future.

The 2023 Issue features two worldwide covers, each spotlighting a Chief Executive Officer (CEO) or top executive from a company on the list with an in-depth profile.

The list includeincludees the likes of Kim Kardashian who is the founder of Skims and Sam Altman who is the CEO of OpenAI.

On how they chose the TIME100 Most Influential Companies of 2023, the magazines editors, led by Emma Barker, sought nominations from across sectors and polled their global network of contributors and correspondents as well as outside experts.

They then evaluated each on key factors, including impact, innovation, ambition and success. The result is a diverse group of businesses helping chart an essential path forward.

The annual TIME100 Companies list demonstrates that businesses can be an agent for change, TIME CEO, Jessica Sibley said.

From artificial intelligence to fashion, this list spotlights the innovative companies and visionary leaders that are shaping the world.

TIME Editor-in-Chief, Sam Jacobs also had something to write about the 2023 TIME100 Companies list.

Since we began this effort, we have seen how quickly the role business plays in our lives can change, Jacobs wrote.

We launched this franchise following the first year of a pandemic that transformed how many people viewed their jobs, their offices and work entirely.

Company leaders were thinking in new ways about what they owed their employees, society and the planet, businesses dont just change the world but the people who work at them.

At TIME, our legacy is our strength and, like many of the companies on this years list, we are excited to be building what comes next.

Meanwhile, The 2023 TIME100 Most Influential Companies features more firms in Artificial Intelligence (AI) and Sustainability than ever before.

More than 12% of the companies on this years list are in the AI industry including OpenAI, Nvidia, Google DeepMind, Hugging Face, Metaphysic, Runway and more.

This year, more than 15% of the companies on the list are in the Sustainability category including M-Kopa, Schneider Electric, Aclima, Albemarle, Land OLakes, Kayrros, Patagonia, The North Face, ZeroAvia, Regrow Ag and more.

Remarkably, 42% of the companies on the list have less than 500 employees and over half of the companies featured have less than 1,000 employees.

Major technology companies including Samsung, Google DeepMind, Microsoft, Apple, IBM and more-are included on the list.

Novo Nordisk“creator of diabetes and weight-loss drugs Ozempic and Wegovy-Cost Plus Drugs, Virta Health, Maven Clinic and Honeybee Health are among the companies on the list in the health industry.

Several companies are in the entertainment industry, including TikTok, Disney, Live Nation Entertainment, A24 and more.

Major League Baseball and Formula One are included on this years list from the sports industry.

The fashion and retail industry is also represented on the list by The North Face, Crocs, Meesho, thredUP, Skims, LVMH, Ganni and more. (AFP)