Race in AI Research

The race to the top among the world’s leaders in AI research. Let’s have a look at it.

AI adoption across the world has been growing rapidly. many countries have a stake in the AI race. some countries have AI efforts, funding, technologies, and intellectual property that make them serious contenders in the jostling for AI dominance. AI research is raising more money than ever. Researchers on quantum computing, big data, robotics, AI technologies are increasing among the countries.

The global artificial intelligence (AI) market was valued at $36bn in 2020, according to a recent report by Fortune Business Insights. This figure is expected to increase to $47bn in 2021 and reach a staggering $360bn by 2028, growing at a compound annual growth rate of 33.6%. The use of AI can be seen across a wide variety of sectors from transportation and manufacturing to education and finance. Its extensive influence has caused many countries to invest heavily in AI research and development to sustain long-term economic growth and protect national security.

Here is a list of the top 10 countries leading the AI rush all across the globe:

1. US: The US is the leading country in Investment Monitor‘s first ranking assessing investor within the AI space to become AI power. The US holds first place in eight out of 17 indicators analyzed. More than 58,000 AI-related patents were registered in the US between November 2016 and 2021. . Venture capital as an industry was invented and perfected in the US. So, so many tech companies became members of the US such as Amazon, Apple, Facebook, Microsoft, Google, IBM, etc. US index score of AI research is 100.

2. Singapore: Singapore ranks second in the Investment Monitor‘s AI Index. AI research in Singapore will work with companies to use AI to raise productivity, create new products, and translate and commercialize solutions to boost the city-state’s AI standing. total of $150m will be invested in 100 AI-related projects to solve real-world problems across finance, healthcare, and city management by mid-2022. Singapore’s index score for AI research is 67.22.

3. Switzerland: Switzerland takes third place in the ranking; Switzerland is home to world-renowned universities and research institutes in the area of AI. AI research companies establishing operations in Switzerland can expect significant protection for intellectual property as well as high investment security for research and development activities. Switzerland’s index score of AI research is 67.14.

4. Netherland: In the past four years, the Netherlands and the European Union have made joint plans to invest in the development of AI research.it is one of the strengths of Europe and the Netherlands.AI research in the Netherlands has grown significantly since 2013, it’s investing heavily in the development of AI research. Netherland index score of AI research is 66.2.

5. Japan: Japan emerges as a surprise leader in AI adoption. as well, artificial intelligence is seen by many as key to future developments. The Japanese government considers AI one of the central elements that will contribute to “Society 5.0”, a vision of society in which the physical space and cyberspace are increasingly interconnected. Japan’s index score for AI research is 64.22.

6. South Korea: South Korea is developing its AI capabilities and its AI research and development strategy in three categories: human resources, technology, and infrastructure. Under this South Korea will cultivate 1370 AI talents by 2022, including 350 key researchers; and award 4,500 domestic AI scholarships. South Korea’s index score of AI research is 64.11.

7. Sweden: Sweden major AI researchers on quantum technology and artificial intelligence.it will change science, industry, healthcare, and probably all sectors of society. The overall objective for AI Innovation of Sweden is to serve as an engine for the Swedish AI ecosystem that fuels the Swedish economy. Sweden’s index score for AI research is 64.05.

8. Finland: Finland is using artificial intelligence to create unique products and services that will become an important part of the global economy in the future. Finland AI research is focused on Advanced research by companies and research institutions, Vivid startup community, Easy cooperation with authorities, universities, research institutes, and companies, Health data for research, development, and innovation, Open data, Government encouraging AI development, High-level digital infrastructure for piloting and implementation. Finland’s index score for AI research is 63.09.

9. Germany: Germany is at the forefront of artificial intelligence (AI) in Europe. The German Research Center for Artificial Intelligence is one of the world's largest nonprofit contract research institutes for software technology based on artificial intelligence (AI) methods. Germany’s index score for AI research is 62.82.

10. Ireland: Ireland has strengths in AI research, and many of its researchers have been globally recognized for their achievements. AI has the power to bring big changes and shape the future of Ireland. Ireland’s index score of AI research is 62.77.