Saudi Arabia plans to muscle in on AI


AI (Synthetic Intelligence) idea.

This one of many world’s most beneficiant AI funding plans, dwarfing the present lead spender, the USA. The nation invested spherical $68m in 2023 and $328.5m from 2019-2023, in line with AIPR.

China invested $15m in 2023, which is a 3rd lower than the 2019 spend, stated AIPR. The nation spent $132.6m between 2019-2023.

The analysis agency rated the UK because the third largest investor at $25.5m between 2019-2023.  In February this 12 months, the UK authorities introduced it might spend over $125m (£100m) on 9 new AI analysis hubs.

The EU’s AI innovation Technique got here into operation in February. The fund is valued at round $4bn and made up of personal and public funding.

Ranked fourth, is India, which spent $16m on AI within the final 5 years. The nation with essentially the most vital progress in AI funding within the final 5 years is Sweden, in line with AIPR, with a 2310% enhance, spending $8.2m within the final 5 years.

One other vital progress in funding was seen in South Korea, which noticed a 238% enhance and an funding in AI valued at $10.3m within the final 5 years.


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