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IMF's Artificial Intelligence Preparedness Index (AIPI)
Context
In a recent development, the International Monetary Fund (IMF) has unveiled its Artificial Intelligence Preparedness Index (AIPI) Dashboard, ranking 174 economies worldwide based on their readiness to adopt and integrate artificial intelligence (AI) technologies.
Key Highlights of the AIPI
- Global Rankings and Categories: The index categorizes countries into Advanced Economies (AE), Emerging Market Economies (EM), and Low-Income Countries (LIC).
- Singapore, Denmark, and the United States lead as top-ranked Advanced Economies with scores of 0.80, 0.78, and 0.77 respectively.
- India is classified as an Emerging Market with a score of 0.49, positioned at the 72nd rank globally.
- Factors Influencing Rankings
- Digital Infrastructure: India scored 0.11, lagging behind China (0.19), the US (0.18), and Singapore (0.21).
- Human Capital and Labor Market Policies: India scored 0.12, slightly lower than China (0.15) and Singapore (0.20).
- Innovation: India's score was 0.11, similar to Indonesia, but less than China, Singapore, the UK, and the US.
- Regulation and Ethics: India and China both scored 0.15, with Singapore leading at 0.22, followed closely by the US and the UK.
About the AIPI Index
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