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India Ranked 5th in Stanford University's AI Index Report-2023

Published on April 14, 2023
Current Context: The 6th edition of Stanford University's AI Index Report-2023 has been released. This time the assessment of 127 countries has been given in this index whereas in the year 2022 it was limited to 25 countries.
India Ranked 5th in Stanford University's AI Index Report-2023
  • In 2022, India secured the fifth spot among nations that attracted investments in startups that provide AI-powered products and services, trailing behind the United States, China, the United Kingdom, and Israel.
  • The overall sum of funds invested in AI-based startups in India during the same year amounted to $3.24 billion, surpassing the investment amounts of South Korea, Germany, Canada, and Australia.
  • Based on the report, India ranked sixth among nations that received significant investments in AI startups from 2013 to 2022, with a cumulative funding amount of $7.73 billion. It's worth noting that almost 40% of this total was contributed in 2022 alone.
  • According to Stanford University's AI Index report, over half (54%) of researchers who work on Large Language Models (L LM) are affiliated with US-based institutions. Nonetheless, Canada, Germany, and India made their debut contributions to the development of the LL.M. last year.
  • In a recent survey, 71% of respondents from India expressed a positive view of AI products, whereas only 35% of US respondents shared the same sentiment.
  • The percentage of Indian publications related to AI has been steadily increasing, growing from 1.3% in 2010 to 5.6% in 2021.

Question:

Q.1 What was India’s rank in Stanford University's AI Index Report-2023?
a. 6th
b. 5th
c. 7th
d. 8th
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