India Ranks 10th In Private Investment In AI Globally, Attracting $1.4 Billion: Report

India has made its mark on the global stage by securing the tenth position in terms of private investment in Artificial Intelligence (AI), amassing a total of $1.4 billion (around ₹11,693 crore).

What Happened: According to Bond Capital, India has attracted $1.4 billion in private investment for artificial intelligence (AI), placing it tenth on the global scale, reported Moneycontrol. The US tops the chart with a staggering investment of over $67 billion (around ₹5.59 lakh crore).

This comes as the Indian government intensifies its focus on AI through initiatives such as the IndiaAI mission and the Global IndiaAI Summit.

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China is next in line after the US, with close to $8 billion (around ₹66,821 crore) in investments. The UK is third, having received nearly $4 billion (around ₹33,410 crore). Germany, Sweden, France, Canada, Israel and South Korea are the other countries that make up the top 10.

The report, “Will Master's of Learning Master New Learning,” also found that 14 out of the 17 globally listed companies with a market capitalisation exceeding $500 billion (around ₹41.76 lakh crore) are based in the US.

Moreover, nine out of these 17 companies are in the tech and AI sector, all being US-based, including tech powerhouses such as Microsoft, Nvidia, Apple, Alphabet (Google) and Amazon.

Over 60 machine-learning models are housed in the US, with China hosting 15. India, however, does not feature on this list.

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