What Countries Are Winning in the Race for AI Domination?

The AI revolution is now fully underway, but in spite of the fact that this is the case, not all countries are investing in it equally. It turns out that the US coupled with China have surged past other nations in terms of AI startups and overall levels of investment with all things having been considered and taken into account. Between 2013 and 2022, 4,634 AI startups were launched in the US which collectively received $249 billion through private investments.

Meanwhile, China saw 1,337 AI start ups rise to the fore in the same period which received a total amount of $95 billion from private investors. With all of that having been said and now out of the way, it is important to note that 524 AI startups in the US were launched in 2022 alone, and they have received a combined total of $47 billion from a variety of private sources. However, the 160 new AI startups in China in 2022 received the highest investment per startup with $71 million apiece on average.

The United Kingdom ended up in third place, although its 630 startups in the previous decade is barely more than what America created in just the year of 2022 on its own, and they received $18 billion in investments. This seems to suggest that no other country is matching America and China’s investments into the AI niche, which might make their future dominance even more insurmountable than might have been the case otherwise.

Despite being a relatively small nation, Israel reached the fourth spot on this list with 402 AI startups, and the sum total of their investment from private investors came up to around $11 billion. These four are the only countries that managed to cross the $10 billion mark, with America being the sole nation to cross $100 billion although China will very likely join its ranks by the time 2023 runs its course.

Rounding off the top five list is Canada, where 341 start ups popped up between the years of 2013 and 2022. Their investment total reached $9 billion, and chances are that Canada will join the $10 billion club by next year at the latest if the current trend persists.

The next two countries on this list, France and India, show a peculiar trend. While France has more Ai startups, coming up to 338 as of the end of 2022, its total of $7 billion was lower than the $8 billion that India’s 296 startups receives. This indicates that Indian startups are receiving higher investments on average, which might help the South Asian nation secure its place as an emerging global power.

Japan is close at its heels with 294 startups despite having a fraction of the population, although its investment total of $4 billion falls well short of India’s. Germany and Singapore are the final two nations in the top ten list, with 245 and 169 startups respectively. Total investments pouring into the German AI sector amounted to $7 billion, once again far surpassing France’s average total, while Singaporean startups sat at an impressive $5 billion. It will be interesting to see which nations are able to catch up to the superpowers of the world in the AI race.

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