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Christoph C . Cemper , founder of AIPRM , also provides expert advice for those looking to start up in AI .
Ranked : The best countries for AI startups
Key Findings :
• The US is the best country for AI startups , boasting the largest total private investment ($ 335.2 billion ).
• Singapore ranks as the second-best country for AI startups and boasts the highest relative AI hiring rate ( 18.93 %).
• Ranking third , Sweden is among the best countries for an AI startup , – having impressive revenue growth of 1,127 %.
Analysis from AI prompt management tool AIPRM has US , Singapore and Sweden as the top three .
Recent reports state that around 70,000 AI companies exist worldwide and estimates project a substantial market value surge from approximately $ 214.6 billion in 2024 to $ 1,339.1 billion by 2030 .
In light of this rapid growth , the AI experts at AIPRM have analysed the best countries for AI startups , looking into factors such as the number of newly funded AI companies , private investment and hiring rates .
The US takes the crown as the best country for starting up a business in AI , scoring an impressive 85.97 / 100 . The US boasts the highest number of newly funded AI companies , at 5,509 , as well as having invested a total of $ 335.2 billion into AI – the highest amount of private investment in the study .
Singapore claims second place , boasting a final AI startup score of 84.36 / 100 . Despite having a significantly lower number of newly funded AI companies ( 193 ) and private investment ($ 6.3 billion ) than that of the US , Singapore has the highest relative AI hiring rate , with 18.93 % of AI companies hiring new people .
24 INTELLIGENTCIO LATAM www . intelligentcio . com