Singapore has emerged as the top country in Asia for artificial intelligence (AI) startups, boasting a relative AI hiring rate of 18.93% from 2022 to 2023, according to an AIPRM report.
Globally, Singapore ranked second, just behind the United States, which had a score of 85.97. The city-state's AI startup score stood at 84.36, with 193 newly funded AI companies from 2013 to 2023, attracting $8.1 billion (US$6.3 billion) in private investment.
The nation also saw the highest amount of private investment in AI globally, with a total of $432.4 billion (US$335.2 billion).
Meanwhile, India ranked tenth globally, with a final score of 67.2, though its AI hiring rate is notable at 16.83%.
Singapore’s performance underscores its rising influence as a hub for AI innovation and investment.
Article from Singapore Business Review. Read more here or in the PDF below.
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