US leads in start-ups and funding trending down in competitor nations.
Lu 24 (Marcus is a content strategist for Visual Capitalist, focusing primarily on economics and investing. Before joining Visual Capitalist, he worked in business development for a Canadian institutional asset manager.) “Mapped: The Number of AI Startups By Country” May 6, 2024 https://www.visualcapitalist.com/mapped-the-number-of-ai-startups-by-country/ // ZX
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.