Mapped: The Number of AI Startups By Country

Visual Capitalist

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9 seconds ago

on

May 6, 2024

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Mapped: The Number of AI Startups By Country

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Amidst the recent expansion of artificial intelligence (AI), we’ve visualized data from Quid (accessed via Stanford’s 2024 AI Index Report) to highlight the top 15 countries which have seen the most AI startup activity over the past decade.

The figures in this graphic represent the number of newly funded AI startups within that country, in the time period of 2013 to 2023. Only companies that received over $1.5 million in private investment were considered.

Data and Highlights

The following table lists all of the numbers featured in the above graphic.

RankGeographic areaNumber of newly funded
AI startups (2013-2023) 1🇺🇸 United States5,509 2🇨🇳 China1,446 3🇬🇧 United Kingdom727 4🇮🇱 Israel442 5🇨🇦 Canada397 6🇫🇷 France391 7🇮🇳 India338 8🇯🇵 Japan333 9🇩🇪 Germany319 10🇸🇬 Singapore193 11🇰🇷 South Korea189 12🇦🇺 Australia147 13🇨🇭 Switzerland123 14🇸🇪 Sweden94 15🇪🇸 Spain94

From this data, we can see that the U.S., China, and UK have established themselves as major hotbeds for AI innovation.

In terms of funding, the U.S. is massively ahead, with private AI investment totaling $335 billion between 2013 to 2023. AI startups in China raised $104 billion over the same timeframe, while those in the UK raised $22 billion.

Further analysis reveals that the U.S. is widening this gap even more. In 2023, for example, private investment in the U.S. grew by 22% from 2022 levels. Meanwhile, investment fell in China (-44%) and the UK (-14.1%) over the same time span.

Where is All This Money Flowing To?

Quid also breaks down total private AI investment by focus area, providing insight into which sectors are receiving the most funding.

Focus AreaGlobal Investment in 2023
(USD billions) 🤖 AI infrastructure, research,
and governance$18.3 🗣️ Natural language
processing$8.1 📊 Data management$5.5 ⚕️ Healthcare$4.2 🚗 Autonomous vehicles$2.7 💰 Fintech$2.1 ⚛️

The full article is available here. This article was published at Visual Capitalist.