Artificial Intelligence Index Report 2023

According to the sixth edition of the "Artificial Intelligence Index Report 2023" published by Stanford University's Human-Centered Artificial Intelligence (HAI), India ranked 5th in private investment received by startups offering AI-based products and services in 2022. 

Top countries with the highest private investments in AI

  1. United States       (USD 47.36 Billion)
  2. China                   (USD 13.41Billion)
  3. United Kingdom  (USD 4.37 Billion)
  4. Israel                    (USD 3.24 Billion)
  5. India                     (USD 3.24 Billion)
As per the report,  AI startups in India received $7.73 billion in cumulative funding from 2013 to 2022, ranking the country sixth among countries with the highest AI investment during that period. However, nearly 40% of this funding was in 2022 alone.

Stanford University's AI Index report shows that 54% of researchers working on Large Language Models (LLM) are from U.S. institutions. Nevertheless, for the first time, researchers from Canada, Germany, and India also contributed to the development of LLMs in the past year.

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