India leads in AI hiring, lags in patents

India tops the AI hiring rate year-on-year at 33% and is still the second-largest contributor to GitHub AI projects. It ranks second in relative AI skill penetration after the US. However, India only accounts for 0.37% of global AI patents granted...

ETtech
The AI race is intensifying, with China closing the gap with the US, both in terms of model performance as well as AI usage by organisations, the latest Stanford AI Index Report shows. Moreover, global optimism around the technology has gone up though apprehensions remain. About 60% of people believe AI will change how individuals do their job over the next five years while 36% believe that AI will replace their jobs in the next five years.

India tops the AI hiring rate year-on-year at 33% and is still the second-largest contributor to GitHub AI projects. It ranks second in relative AI skill penetration after the US. However, India only accounts for 0.37% of global AI patents granted, lagging far behind China at 70% and the US at 14%.

#2 (2)


However, governments’ focus on AI has sharpened with investments being made as well as legislative mentions of AI rising 21% across 75 countries 2023. ET takes a look at the top global trends captured by the report.
Download
The Economic Times Business News App
for the Latest News in Business, Sensex, Stock Market Updates & More.
Download
The Economic Times News App
for Quarterly Results, Latest News in ITR, Business, Share Market, Live Sensex News & More.
READ MORE
ADVERTISEMENT

READ MORE:

LOGIN & CLAIM

50 TIMESPOINTS

More from our Partners

Loading next story
Business News › Tech › AI › India leads in AI hiring, lags in patents
Text Size:AAA
Success
This article has been saved

*

+