India among top ten in global AI innovation race, but lags in job openings: Study
New Delhi: India has secured the seventh spot in the global race for Artificial Intelligence (AI) innovation, according to a new study by Linkee, an AI-powered link-building automation platform.
The study, cited by Deccan Herald on Monday, gave India a score of 24, placing it ahead of the UK, Australia, and Italy. India currently boasts 29 notable AI models and has attracted $7.25 billion in AI-related investments. Remarkably, the country leads in AI workforce adoption, with 92% of workers reportedly using AI in their daily tasks.
Linkee conducted the study with an aim to identify the countries winning the AI innovation race. It examined five factors: AI patents per capita, the number of AI models, total investments in AI, the share of workers using AI in daily work, and the AI job openings per 1 million people.
The United States tops the list with a score of 99, followed by Switzerland (66), South Korea (54), China (52), Singapore (32), and Canada (29). The United Kingdom ranks just behind India in eighth place, with Australia and Italy completing the top ten.
Despite high usage rates, India has only eight AI job openings per million residents. In contrast, Singapore, with 88% workplace adoption, has the highest AI job opening rate globally—216 per million residents—supported by $1.5 billion in investment and 17 active AI models, added the study.
The US dominates in terms of innovation, with 561 AI models and $77.6 billion invested in the sector. Meanwhile, Switzerland has the highest number of AI patents with 18 innovations per one lakh residents.
Vahan Poghosyan, CEO of Linkee, noted that the AI race is not just about funding or patents but reflects broader shifts in work and innovation. “Where AI is adopted thoughtfully, it’s creating new opportunities, changing industries, and even redefining what skills matter,” he said, adding that understanding these trends is preparing societies for the next decade of change.
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Rupee settles 1 paisa higher to close at 94.15 against US dollar
Mumbai (PTI): The rupee settled with gains of just one paisa to close at 94.15 against the US dollar on Monday, as rising global uncertainty, escalating tensions in West Asia and soaring crude oil prices weighed on investor sentiments.
Forex traders said the INR/USD pair pared its initial losses, but the overall bias remains negative as FII sell-off and elevated crude oil prices restricted the gains for the local unit.
At the interbank foreign exchange market, the rupee opened at 94.25 against the US dollar, and touched an intraday high of 94.11 and a low of 94.28 against the greenback during the day.
At the end of Monday's trading session, the rupee was quoted at 94.15, registering a gain of just 1 paisa over its previous close.
On Friday, the rupee extended its losing streak for the fifth day in a row, depreciating 15 paise to close at 94.16 against the US dollar.
"The rupee snapped a five-session losing streak, rebounding in tandem with a rally across regional currencies. However, the mood remains apprehensive as the market braces for a potential RBI intervention around 94.30 and higher crude oil prices," said Dilip Parmar – Senior Research Analyst, HDFC Securities.
On the charts, the USDINR pair has reclaimed its upward momentum, carving out a classic bullish structure of higher highs and lows on the daily time frame, he said, adding that for the coming sessions, 93.80 serves as a support, with 94.40 acting as the primary hurdle.
Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, was down 0.21 per cent at 98.32.
Brent crude, the global oil benchmark, was trading higher by 2.36 per cent at USD 107.82 per barrel in futures trade.
On the domestic equity market front, Sensex jumped 639.42 points to settle at 77,303.63, while the Nifty surged 194.75 points to 24,092.70.
Foreign Institutional Investors offloaded equities worth Rs 1,151.48 crore on Monday, according to exchange data.
Meanwhile, India's forex reserves jumped by USD 2.362 billion to USD 703.308 billion during the week ended April 17, the Reserve Bank of India (RBI) said on Friday.
In the previous reporting week, the forex kitty had increased by USD 3.825 billion to USD 700.946 billion.
