India becomes world's 3rd most competitive nation in AI
What's the story
India has been ranked the third most competitive country in artificial intelligence (AI) by a report from Stanford University. The ranking highlights India's rapid growth and increasing competitiveness in the global AI landscape. The Global AI Vibrancy Tool, developed by Stanford, measured various factors like talent availability, research and development, investment, public policy and perception, infrastructure and economic impact to arrive at these rankings.
Ranking details
India's score in global AI competitiveness
India scored 21.59 on the Global AI Vibrancy Tool, placing it behind only the US (78.6) and China (36.95). The score is significantly higher than those of other major economies such as South Korea, Japan, Singapore, the United Kingdom and Germany. However, the wide gap in points indicates that India still has a long way to go before it can match up to these two AI powerhouses.
Contributing elements
Factors contributing to India's AI competitiveness
The Global AI Vibrancy Tool takes into account several factors such as talent availability, research and development, investment, public policy and perception, infrastructure and economic impact. India's strong tech ecosystem, increasing investments in the sector, and a growing pool of talent have been identified as key contributors to its rapid progress in AI.
Investment influx
Global investments in India's AI infrastructure
The ranking comes after several top global companies announced their plans to invest billions of dollars in India's AI infrastructure over the next few years. Amazon has committed to investing $35 billion by 2030 in key AI, logistics, and cloud computing infrastructure. Microsoft has also pledged a massive $17.5 billion investment—its largest in Asia—for the expansion of cloud and AI services.