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Artificial intelligence's current enthralling trends are sweeping the globe, affecting all industries. Face recognition, self-driving vehicles, improved online outcomes and corporate growth are all possible with AI. It should come as no surprise that developed, emerging, and underdeveloped countries are all concentrating on AI adoption to improve their prospects and progress. While AI technology grows throughout the world and beyond, certain big AI powers are vying for first place.
China's ambitions to become the world's AI superpower have always been ambitious. In light of this objective, China's State Council has said that by 2030, the country would be a US$150 billion AI leader worldwide. The goal is not just ambiguous, but it also looks achievable, given that it is currently a global leader in AI research. Furthermore, compared to other large countries, the country has published more research publications on deep learning. The largest advantage stems from the country's large internet-using population (approximately 750 million people), which creates a vast amount of digital data for businesses to handle.
Society 5.0, a Japanese vision, strives to better human existence and strive toward a smart society by utilising strategic breakthroughs and technology. Supportive policies and funding from the public and private sectors are aiding AI development in Asian nations such as Japan. China and Japan, two of the world's largest exporters of industrial robots, are putting AI research into practice. To strengthen the economy, AI is being extensively used in the banking, retail, and healthcare sectors.
India is witnessing a tremendous digital revolution as a fast-expanding country. The impact of digital technologies on economic elements and GDP, which is 8%, may be used to assess the impact of artificial intelligence (AI) on the country. The ratio is expected to increase to 60% during the following two years. India's NITI Aayog policy has launched a National AI Strategy to oversee research and development of developing AI technologies. Large technological conglomerates and startups are driving AI adoption in India and the phenomenon has played a key part in the country's fast digital transformation.
Singapore, the city-state, is Asia's wealthiest country, with a per-capita GDP of US$107,690 (PPP Int$). Singapore's riches are due to a low degree of government corruption and a business-friendly environment, not to oil. Many investors from all over the globe travel to Singapore to do business, and they use AI to bring their money with them.
Malaysia has a score profile that is remarkably similar to Vietnam's. This implies the country excels in the "Movers" and "Open for Business" categories, albeit this hasn't benefited the country's equities markets, which have underperformed those of other Asian countries over the previous five years. In the realm of Artificial Intelligence, it has also advanced significantly.
Indonesia is made up of roughly 17,000 islands that lie between the Pacific and Indian Oceans. It is Southeast Asia's largest country and Asia's sixth-largest country. The islands cover a total area of 1,904,569 square kilometers, stretching from Asia to Oceania. It is the world's fourth most populated country, with a population of 261,115,456 people. AI is being increasingly frequently applied in a variety of fields.
South Korea receives high marks in Artificial Intelligence, Entrepreneurship which is open to the global economy, educated population, entrepreneurial, innovative, provides easy access to capital, skilled labour force, technological expertise, transparent business practices, well-developed infrastructure, rule of law, and movers.
Turkey is Asia's tenth biggest nation, with a total size of 783,356 square kilometers. It is a transcontinental country with just a minor percentage of its overall land area located in Europe. Turkey has a population of 79,814,871 people. Turkey also has a diverse range of geographical characteristics, from mountains to river valleys. The country is rich in biodiversity, with over 80,000 animal species, and it employs AI to its maximum potential.
Most criteria place Vietnam in the middle of the pack, but it excels in "movers" and artificial intelligence, which account for 10% of the overall score and contain terms like "different, distinctive, dynamic, original," which have propelled Vietnam's rapid rise. The attention of investors has been drawn to the situation. Vietnam's share markets have been among Asia's best performers over the previous year.
According to a survey, the Philippines is likely to emerge as a key market for AI-led initiatives, since most governments in the area are forming committees or task forces to design national AI plans, which have either been established or will be launched in the coming years. When it comes to artificial intelligence, the Philippines is one of the best in the world.
