Artificial Intelligence Preparedness Index

Artificial Intelligence Preparedness Index

01-07-2024

The International Monetary Fund (IMF) recently unveiled the Artificial Intelligence Preparedness Index (AIPI) Dashboard, providing insights into the global landscape of AI readiness.

About the Artificial Intelligence Preparedness Index (AIPI):

  1. Assessment Criteria: The AIPI evaluates the level of AI preparedness across 174 countries, encompassing four key areas:
    1. Digital Infrastructure
    2. Human Capital and Labor Market Policies
    3. Innovation and Economic Integration
    4. Regulation and Ethics
  2. Country Categorization: The Index categorizes countries into three groups: Advanced Economies (AEs), Emerging Market Economies (EMs), and Low-Income Countries (LICs).
  3. Top Performers: Singapore (0.80), Denmark (0.78), and the United States (0.77) lead the pack among AEs in terms of AI preparedness.
  4. India's Ranking: India, classified as an EM, scored 0.49 and ranked 72nd out of 174 countries.

Key Facts about the International Monetary Fund:

  1. Mission: The IMF promotes economic growth and employment by providing temporary financial assistance and technical guidance to countries facing balance of payments challenges.
  2. Establishment: The IMF was established in 1944 at the Bretton Woods Conference to rebuild the international monetary system.
  3. Notable Reports: The IMF publishes influential reports, including the World Economic Outlook and the Global Financial Stability Report.
  4. Headquarters: Washington, D.C., USA.

Countries Most Prepared for AI

Rank

Top Countries

Index

1

Singapore

0.800

2

Denmark

0.778

3

United States

0.771

4

Netherlands

0.766

5

Estonia

0.754

6

Finland

0.754

7

Switzerland

0.754

8

New Zealand

0.753

9

Germany

0.753

10

Sweden

0.747

72

India

0.492

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