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India Rises to 5th in Global GenAI Innovation Rankings 2024

India ranks 5th globally in Generative AI (GenAI) innovations, with a high annual growth rate of 56%. India holds 3% of total global GenAI patents.

Global GenAI Patent Landscape

  • India ranks 5th in Generative AI (GenAI) innovations globally
  • India surpasses UK (714 patents) and Germany (708 patents)
  • India holds 3% of total global GenAI patents
  • Highest annual growth rate in GenAI patent publications at 56%

Top 5 countries by GenAI patents:

1. China: 38,210 patents

2. United States: 6,276 patents

3. Republic of Korea: 4,155 patents

4. Japan: 3,409 patents

5. India: 1,350 patents (2014-2023)

India's GenAI Innovations and Growth

  • 98% of India's GenAI patents filed domestically
  • Significant increase in GenAI patenting since 2021
  • Potential economic impact: $359-438 billion increase in GDP by 2030 (EY report)
  • Cumulative impact of $1.2-1.5 trillion over next seven years

Notable Indian patents:

    • Retail AI assistant solution by RN Chidakashi Technologies (Miko Robotics)
    • GenAI tool for contract lifecycle management by Tata Consultancy Services

Global Trends and Technological Advancements

  • Transformer models (2017) and ChatGPT (2022) accelerated GenAI patent activities
  • GenAI patent publications rose from 4.2% of all AI patents in 2017 to 6.1% in 2023
  • 25% of all GenAI patents and 45% of scientific papers published in 2023 alone
  • OpenAI hasn't filed patents until 2023, reflecting non-profit origins
  • GenAI patents expected to comprise 6.1% of all AI patents by 2023

Regulatory Framework and Government Initiatives

  • Need for well-defined eligibility framework for AI-related inventions
  • WIPO data shows maturity of China's patent regime (40,000+ patents filed domestically)
  • Ministry of Electronics and Information Technology (MeitY) launched Global IndiaAI Summit on July 3, 2024
  • Summit emphasized global approach to address AI risks and fostering international collaboration
  • India's challenge: Creating an AI IP environment that balances innovation with legal and ethical considerations

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