Visualized: AI Innovation Across the Globe

Visualized: AI Innovation Across the Globe

AI is no longer a theoretical tool, only accessible in research labs. Today, it is a ubiquitous technology being adapted across every industry, driving intense global competition and spurring innovation.

For the second story in the AI For All series, Visual Capitalist partnered with ACT | The App Association to provide a global perspective on AI innovation.

A World of AI Innovation

With a healthy global spread of AI companies providing computing and foundational models, there is a robust competitive environment driving innovation.

Incumbents in the largest markets, who have the lead in the AI race, face fierce competition from scrappy AI startups around the globe.

It’s not just the vast U.S., Chinese, and European markets that are making advancements in AI. Innovators around the world, including from lower-middle-income nations (according to World Bank classifications) such as India, are thriving and competing on an equal footing.

Regulation or Innovation

Some policymakers are eager to regulate AI.

Rapidly evolving technology often prompts government overreactions, and when regulation overreaches, it risks stifling innovation

When balancing innovation and regulation, policymakers must ensure that the benefits they create outweigh the costs they impose.

A heavy-handed approach to AI regulation only strangles innovation or forces innovators into jurisdictions with less regulation. In either case, both consumers and competition suffer.

Are you looking for more insights into the world of AI?

The App Association just released its comprehensive guide examining how premature or overbroad antitrust action could jeopardize AI innovation and outlining a policy approach better aligned with the realities of emerging technology.