India Ranks Fifth in Global Generative AI Innovations
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India ranks fifth globally in Generative AI (GenAI) innovations, with 1,350 patents from 2014 to 2023, trailing China, the US, Republic of Korea, and Japan. Despite a smaller base, India shows a remarkable 56% annual growth in GenAI patents. Key advancements like transformer models and ChatGPT have spurred patent activity, with GenAI patents rising from 4.2% of all AI patents in 2017 to 6.1% in 2023. India’s strategic initiatives, including the Global IndiaAI Summit, aim to boost its GenAI impact, potentially adding $359-438 billion to GDP by 2030. Key contributions come from RN Chidakashi Technologies and Tata Consultancy Services.
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