Artificial Intelligence startups comprised 7.5% of all startups in 2019 compared to a meager 0.68% in 2000, a new study by the Indian School of Business said. The study, "Artificial Intelligence Index 2021 Annual Report", looked into the adoption of this technology in the country in the categories of research and development, employment, growth of startups, public perception and so on. It found that "a higher percentage increase in the growth of AI startups (3.62 per cent to 7.18 per cent - doubled) is observed from 2015-2017 and it remained constant thereafter. Funding to AI startups in India increased by 97.27% compound annual growth rate (CAGR) in 2019. The value increased to $233 million in 2019 compared $20 million in 2013, the report said. "The proportion of total funding in AI startups to other startups in India increased steadily from 0.28 in 2013 to 1.54 in 2019," it said. Globally, the US led with 39% AI funding value, followed by China at 11% and the UK at 7%t, the report said quoting a report by Emerging Tech Brew 2019. Some of the AI companies that had received substantial funding include Accel Robotics, PerceptiLabs and Augtera Networks. For data regarding AI startups, the report utilised Crunchbase's platform. Research publications have increased from India Between 2000 to 2019, India witnessed a 25% CAGR or nearly 100 times in the number of publications related to AI. In 2019, India published 9,887 pieces of AI research compared to 10,000 publications published entirely between…
