Despite its inferior population to larger countries, Israel has been ranked first in a new global AI report. The country ranks third in R&D expenditure as percentage of GDP and is home to 430 AI start-ups with a collective worth of $ 3.5bn . Approximately 11% of all AI companies are based in China, a country with stated ambitions to be world leader for AI by 2030. The US leads the way with 40% of all AI companies being based there, with China coming in second place, at 40% of the share. On the contrary to the Israel and China , Israel only has a relatively tiny 430 citizens.
Despite its inferior population to larger countries, Israel has been ranked first in a new global AI report. The country ranks third in R&D expenditure as percentage of GDP and is home to 430 AI start-ups with a collective worth of $ 3.5bn . The US leads the way with 40% of all AI companies being based there, with China coming in second place, at 40% of the share. On the contrary to the Israel and China , Israel only has a relatively tiny 430 citizens.