5 billion dollars vs India AI plan 😯
2 min readMay 15, 2024
India intends to invest more than $5 billion USD on AI alone. India will spend 1.7 billion on AI in 2023. As per the analysis by Intel and International Data Corporation, India is expected to grow its AI industry at a rate of 31.5% each year till 2027. The Indian government predicts that AI will permeate the entire nation by 2027. The Indian government authorized a 1.2 billion dollar "India AI mission" in 2023.India’s AI mission aims to use its own interests to compete with advanced nations' AI technology.
— -India ranks in the top 10 for expenditure on AI, according to the Quid AI Index Report 2024.list is provided below
(Number of statup by countries)
1) -USA = 5509
2)-china= 1446
3)- uk = 727
4)- Israel= 442
5)- chanada= 397
6)-france= 391
7)- india = 338
8)- Japan = 333
9)- Germany= 319
10)- Singapore= 193
— — These are the only businesses that have had investments totaling more than $1.5 million.
It’s noteworthy to note that between 2013 and 2023, the USA spent more than $335 billion on AI. And from 2013 to 23 China invested 104 billion dollars on AI.It’s evident that the UK wants to invest a significant amount of money on AI. Between 2013 and 23 the UK spent 22 billion dollars on AI.
👉👉👉👉According to AI data reports, the majority of technologically advanced countries, including South Korea and Japan, do not wish to invest in AI. However, India is the only country investing more on AI at a rapid rate.
— -Many countries, including Russia, North Korea, Turkey, Pakistan, Afghanistan, Iran, and Qatar, do not want to invest significantly in AI. Nearly every country in Africa has little interest in investing in AI. This kind of behavior on the part of the government pushed the local government farther behind the nation in terms of technological advancement.
