India ranks 5th in countries with most Al investment

India ranks 5th in countries with most Al investment

Daily Current Affairs   /   India ranks 5th in countries with most Al investment

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Category : International Published on: April 15 2023

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  • According to Stanford University’s annual Al Index report 2023, India ranked fifth in terms of investments received by startups offering artificial intelligence (Al)-based products.
  • Total investments in AI startups in India stood at $3.24 billion in 2022, placing it ahead of South Korea, Germany, Canada and Australia, among others.
  • Those ahead of India in the list are the US, China, the UK and Israel.
  • The report also showed that AI startups in India received total funding of $7.73 billion during 2013-2022, making it the sixth leading country with the most AI investments during the period. Nearly 40% of this investment was made last year.
  • Among Indian AI startups, Chennai-based conversational AI startup Uniphore raised $400 million in a Series E funding round last year at a valuation of $2.5 billion.

Some Recent Important index: 

  1. Passport Index 2023 published by Arton Capital – India ranks at 144th; topped by UAE
  2. World Happiness Index 2023: India ranked 125; topped by Finland; Last Afghanistan
  3. Global Terrorism Index 2023 – India ranked 13th, topped by Afghanistan
  4. World Air Quality Report – Most polluted cities (1. Lahore, Pakistan 2. Hotan, China 3. Bhiwadi Rajasthan, 4. Delhi)
  5. Electoral Democracy Index 2023: India ranked 108; topped by Denmark
  6. International IP Index: India ranked 42 in 55 countries; topped by USA
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