Rank: Artificial Intelligence Startups by Country
From DALL-E’s ability to help artists bring their visions to life to automating the energy needs of a large metropolis, artificial intelligence (AI) has the potential to radically transform many aspects of the society we live in today.
But this potential would be unrealized without the driving force of AI startups around the world.
In this graphic, the first of three parts Digital evolution A series sponsored by Global X ETFs, we explore the dynamic landscape of AI investment and find out which countries are winning the race in terms of the number of startups with more than $1.5 million in private investment.
The United States and China lead in AI investment, with the former leading the way since 2013. $250 billion Collectively invested in 4,643 companies.
But the trend of this investment is increasing. In 2022 alone, 524 AI startups were founded in the US, attracting $47 billion in non-government funding. Meanwhile, China boasted the highest average corporate investment in 2022, with its 160 newly founded AI startups receiving an average of $71 million each.
Here are the top 10 countries winning the AI investment race using data from the AI Index 2023 Annual Report:
|the country||Number of AI Startups (2013-2022)||Private Investment (2013-2022)|
|#1 United States 🇺🇸||4643||$249B|
|#2 China 🇨🇳||1337||$95B|
|#3 United Kingdom 🇬🇧||630||$18B|
|#4 Israel 🇮🇱||402||$11B|
|#5 Canada 🇨🇦||341||$9B|
|#6 France 🇫🇷||338||$7B|
|#7 India 🇮🇳||296||$8B|
|#8 Japan 🇯🇵||294||$4B|
|#9 Germany 🇩🇪||245||$7B|
|#10 Singapore 🇸🇬||165||$5B|
Investments across industries
In 2022, artificial intelligence investments spread across various global sectors:
With its numerous applications, the healthcare sector led the 2022 AI investment journey, attracting $6.1 billion globally.
Data Management, Processing and Cloud
Data management, processing and cloud services received $5.9 billion in investment. These AI-powered solutions optimize operations and can parse large volumes of data.
AI’s ability to analyze vast financial datasets, find patterns and automate processes makes it an attractive investment opportunity. As a result, more than $5.5 billion was invested in AI fintech in 2022.
Cyber Security and Data Protection
The cybersecurity and data protection sector attracted $5.4 billion in investment, highlighting the critical role of AI in enhancing security measures and mitigating risks.
AI supporting the retail sector has a huge investment of $4.2 billion in 2022. Generative AI is particularly powerful in retail marketing and customer support.
iInvesting in AI Today
By strategically allocating funds to AI-focused sectors, investors have the opportunity to support AI advancements and the adoption of AI technologies across industries.
However, the amount of money involved in AI investment is the catalyst for its evolution. In part two of Digital evolution series, we’ll delve deeper into corporate adoption of AI and explore how the global workforce uses AI technology.
With AIQ by Global X ETFs, investors can participate in this dynamic market and tap into AI-driven growth potential.