At a time when AI is the buzzword on everybody’s lips — from companies to governments — the place does India stand on adoption of the know-how? The Synthetic Intelligence Index Report 2024 printed by Stanford College sheds some mild. India is primary on the earth when it comes to relative AI talent penetration, and is within the high 4 globally on the subject of relative AI hiring fee.
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The nation’s AI expertise focus stays low however the fee of development has been the quickest on the earth between 2016 and 2023. India is simply behind the US on the subject of GitHub AI tasks. Nevertheless it lags method behind the remainder of the world within the variety of AI patents, accounting for less than 0.2% between 2010 and 2022.
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One other space the place India falls quick is in non-public investments in AI, with solely $9 billion invested between 2013 and 2023, in comparison with $335 billion within the US.
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As of 2023, it additionally noticed solely 45 newly-funded AI corporations — the US in contrast had 897.
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