U.S. and China Lead the World in Championing AI

Nearly half of the world's artificial intelligence companies are based in either the United States or China, as the two largest economies race to foster leadership in the revolutionary technology, according to a recent study.

By the end of June, a total of 36,000 AI companies were in operation worldwide. The U.S. hosts 33.6%, or 13,000, of the AI companies, while China is home to 5,734, or 16%, of the businesses, according to an AI industry report jointly released by KPMG International Ltd. and China’s ZGC Industry Institute. The U.K, India, and Canada come next.