News: India ranks tenth with $1.4 billion private investment in Artificial Intelligence: United Nations’ Technology and Innovation Report.
About Technology and Innovation Report
- Released by: It is released by the UN Conference on Trade and Development (UNCTAD).
- Objective: It seeks to address issues in science, technology and innovation that are topical and important for developing countries with an emphasis on policy-relevant analysis and conclusions.
About Technology and Innovation Report, 2025
- Theme: “Inclusive artificial intelligence for development”
Key Highlights of the Report:
- Highlights about India:
- India ranked 36th in 2024 on the ‘Readiness for Frontier Technologies’ index, improving its position from 48th in 2022.
- The only developing countries with significant investments were China in second position, with $7.8 billion and India in 10th position, with $1.4 billion.
- Report has appreciated the India AI Mission, launched in 2024.
- The report noted that AI is expected to reach $4.8 trillion in market value by 2033.
- The access to AI infrastructure and expertise remains concentrated in a few economies. Only 100 firms, mainly in the U.S. and China, account for 40% of global corporate R&D spending.
- AI could impact 40% of jobs worldwide, offering productivity gains but also raising concerns about automation and job displacement.
- The U.S. has the most GitHub developers, followed by India and China.
