309 views
/Igor Omilaev from Unsplash

Singapore tops region as best country for AI startups

It has a relative hiring rate of 18.93%. 

Amongst regional peers, Singapore ranked first as the best country for AI startups, with a relative AI hiring rate of 18.93% from 2022 to 2023, according to the AIPRM report. 

Globally, Singapore ranked second after the US (AI hiring startup score of 85.97).

Singapore also recorded a final AI startup score of 84.36, with 193 newly funded AI companies from 2013 to 2023 and a total of $8.1b (US$6.3b) in AI private investment. 

They also have invested a total of $432.4b (US$335.2b) into AI, which was the highest amount of private investment in the study.

Meanwhile, India ranked as the tenth best country to start up in AI, with a final score of 67.2. Their AI hiring rate is one of the highest in the top ten, at 16.83%; however, their revenue growth is one of the lowest in the top ten, at 196%.

(US$1 = $1.29)

Follow the link for more news on

Join Singapore Business Review community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!