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Following closely behind , Sweden secures third place with a healthy startup score of 84.07 / 100 . Sweden ’ s AI revenue growth is an impressive 1,127 %, as well as having a relative AI hiring rate of 7.37 % – slightly higher than that of the US . However , Sweden has among the fewest newly funded AI companies in the study at just 94 .
Switzerland ranks fourth , with a startup score of 82.74 / 100 . Despite having a negative AI hiring rate of -0.24%, Switzerland has healthy revenue growth at 738 %. China follows in fifth , having a final AI startup score of 80.09 / 100 . China boasts 1,446 newly funded AI companies , however , their relative AI hiring rate is lower than that of Singapore and Sweden , at 6.88 %.
India ranks as the tenth best country to start up in AI , with a final score of 67.27 / 100 . India ’ s AI hiring rate is one of the highest in the top ten at 16.83 %. However , their revenue growth is one of the lowest in the top ten at 196 %.
Christoph C . Cemper , founder of AI prompt management tool AIPRM , offered some expert tips for budding entrepreneurs looking to start up in the AI sector , saying : “ Starting up in AI is becoming increasingly competitive , as the industry continues to develop and grow at a rapid rate . If you ’ re looking to capitalise on this growth and start up your own company , a strong understanding of the AI sector is key – as well as AI ’ s capabilities and uses . Market research is vital for competing in this industry .
“ Constructing and defining a business model for your company is a crucial first step . Have product offerings planned out , outline and research your target market , and review your USPs , in order to stand out in the industry . Essentially , plan , plan , plan !
“ It ’ s also important to ensure you don ’ t go it alone – have a strong team around you who can help innovate and provide valuable insight for your brand . The world of AI is vast , so having a solid team who understand the brand and its aims is invaluable .” p
AI startups by country
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