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US ahead in AI innovation, easily surpassing China in Stanford's new ranking

Nov 21, 2024 - financialpost.com
The U.S. is leading the world in artificial intelligence (AI) innovation, surpassing China in research and other important measures of AI innovation, according to a newly released index by Stanford University. The index measures the "vibrancy" of the AI industry across various dimensions, including research, investment, and the responsible pursuit of technology to prevent harm. The U.S. has consistently held the top position since 2018, with private AI investment hitting $67.2 billion in the U.S. last year compared to $7.8 billion in China.

The top 10 countries in AI innovation, according to the Stanford index, are the U.S., China, the U.K., India, the United Arab Emirates, France, South Korea, Germany, Japan, and Singapore. The U.K. and India rank high due to their strong AI research communities and educational infrastructure, while the UAE's focus on AI has resulted in it being one of the top locations for AI investments. France and Germany are noted for their AI policy and governance, with both countries being part of the European Union’s new AI Act that places safeguards on a range of AI applications based on their risk levels.

Key takeaways:

  • The U.S. leads the world in developing artificial intelligence technology, surpassing China in research and other important measures of AI innovation, according to a newly released Stanford University index.
  • The U.S. has far outpaced China in private AI investment, which hit $67.2 billion in the U.S. last year compared to $7.8 billion in China.
  • China has requested far more patents than any other country regarding generative AI, positioning it as a major AI powerhouse.
  • The top five countries in AI innovation according to Stanford's index are the United States, China, United Kingdom, India, and the United Arab Emirates.
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