Stats from AIPRM show US has spent some $328,548m on AI in the last five years.
AI investments are predicted to approach $200 billion globally by 2025.
So, which countries have invested the most in AI between 2019 to 2023?
AI statistics from AIPRM compared the investment of countries to find out who is leading the way in AI investment.
The US invests the most in AI, with $328,548 million spent in the last five years – $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%.
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 US their rate of AI investment is outpacing the US 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 US in AI in relative wealth terms (over 9%).
The US is investing $12.90 per thousand $GDP (1.29%), followed by Estonia – investing $10.89 per thousand $ GDP (1.089%).
- Link to the full study on AI statistics: https://www.aiprm.com/ai-statistics/.
