Which country should you go to to work with AI?

The United States, China and the United Kingdom are major centers of Artificial Intelligence innovation. Alas, there is no trace of Italy

The expansion of artificial intelligence is starting to offer interesting data for some reflection. Visual Capitalist analyzed the data from Quid (accessed via Stanford’s 2024 AI Index Report) to highlight the top 15 countries that have seen growth in AI startup founding activity over the past decade.

The figures in this graph represent the number of newly funded startups within the relevant country, between 2013 and 2023. Only companies that received were taken into consideration more than $1.5 million in private investments.

Main data

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From this data we can see that the United States, China and the United Kingdom are the main centers of Artificial Intelligence innovation. Unfortunately, there is no trace of Italy in the top fifteen, where there are Spain, Sweden, Switzerland and Germany.

In terms of funding, the United States sees private investment in Artificial Intelligence totaling 335 billion dollars between 2013 and 2023. AI startups in China have picked up 104 billion dollars in the same time frame, while those in the UK have had 22 billion dollars .

The United States is also widening this gap further. In 2023, investments in these laboratories grew by 22 percent compared to 2022 levels. Meanwhile, over the same time frame, investment declined in China (-44%) and the UK (-14.1%).

Where does all this money go?

Quid breaks down total private investment in AI by areaawq: providing insight into which sectors are receiving the most funding.

To drain more funds are AI infrastructure, research and governancewhich refer to startups that are developing artificial intelligence applications (such as OpenAI’s ChatGPT).

The second biggest area of ​​interest is natural language processing (NLP, Natural Language Processing). which is a type of artificial intelligence that allows computers to understand and interpret human language. This technology has numerous use cases for businesses, particularly in financial services, where the Natural Language Processing it can power customer support chatbots and automated wealth advisors.

With eight billion dollars invested in startups focused on this innovation during 2023, investors seem acutely aware of the transformative potential of this technology.

 
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