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Friday, February 23, 2024

US Leads the World in AI Business Investment, Global Data Reveals

Recent reports suggest AI investments are predicted to approach $200 billion globally by 2025, with countries competing to enjoy the benefits artificial intelligence has on productivity and the economy.

Which countries have invested the most in AI between 2019 to 2023? AI statistics from AIPRM compared the investment of each country with the United States, which are currently leading the way for AI investment.

Key findings: 

  • The United States invests the most in AI, with a total of $328,548 million spent in the last five years.
  • When looking at the investment relative to the country’s overall economic output (GDP), Singapore is leading in AI spending, with $15.01 for every thousand dollars of GDP –  16% more than the U.S investment (per thousand $GDP).

Top 10 countries with the most AI investment (2019 – 2023)

US Leads the World in AI Business Investment, Global Data Reveals Homeland Security Today
Source AIPRM via OECD and World Bank

AI statistics from AIPRM, has found that the United States is the country investing the most in AI, with $328,548 million spent in the last five years. They have invested $67,911 million in 2023 alone, a 65.94% increase from that of 2019. 

China places second with $132,665 million spent on AI between 2019 to 2023, around 60% less than the United States. The country’s investment in AI has been slowing down since 2019, totalling $15,071 million in 2023, about a third less than their spending in 2019.

In third place is the United Kingdom with a $25,541 million investment across the same period, almost 13 times less than the US by comparison.

The other tech giant country in Asia, India, ranks fourth place with a $16,147 million investment in AI in the last five years. The country exceeds Germany, who ranks fifth by nearly  13% ($1,847 million).

The country with the most significant growth in AI investment in the past five years is Sweden – an astonishing 2310%!

Top 10 countries outpacing the U.S in AI investment relative to GDP

US Leads the World in AI Business Investment, Global Data Reveals Homeland Security Today

When AI investment statistics are judged against the country’s GDP (Gross Domestic Product), Singapore comes out on top. Despite placing tenth in terms of the amount of money spent, their investment over the past 5 years is equivalent to 1.5% of its current GDP (in 2022). When compared to the U.S, their rate of AI investment is outpacing the U.S by 16% per thousand $GDP.

This is followed closely by Sweden whose investment in AI is over 14 dollars per thousand $ GDP – equivalent to 1.4%. They are also the only other nation investing more than the U.S in AI in relative wealth terms (over 9%).

The United States is investing $12.90 per thousand $GDP (1.29%), followed by Estonia who is investing $10.89 per thousand $ GDP (1.089%).

Read the full AIPRM report here.

Homeland Security Today
Homeland Security Todayhttp://www.hstoday.us
The Government Technology & Services Coalition's Homeland Security Today (HSToday) is the premier news and information resource for the homeland security community, dedicated to elevating the discussions and insights that can support a safe and secure nation. A non-profit magazine and media platform, HSToday provides readers with the whole story, placing facts and comments in context to inform debate and drive realistic solutions to some of the nation’s most vexing security challenges.

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