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Artificial Intelligence Preparedness Index

Artificial Intelligence Preparedness Index:

The International Monetary Fund (IMF) released an Artificial Intelligence Preparedness Index (AIPI) Dashboard.

  • Artificial Intelligence Preparedness Index (AIPI) assesses the level of AI preparedness across 174 countries.
  • The rating for each country is given based on the assessment of readiness in four key areas – digital infrastructure, human capital and labour market policies, innovation and economic integration, and regulation and Ethics.
  • The Index has categorised each country into Advanced Economy (AE), Emerging Market Economy (EM), and Low-Income Country (LIC).
  • Singapore (0.80), Denmark (0.78), and the United States (0.77) are among the highest-rated AEs,
  • India was categorised as an EM with a 0.49 rating. India ranks 72 in a total of 174 countries, with Bangladesh (0.38) on 113, Sri Lanka (0.43) on 92, and China (0.63) on 31.

International Monetary Fund:

  • It fosters economic growthand employment by providing temporary financial assistance to countries to help ease the balance of payments adjustment and technical assistance.
  • It was formed in 1944 at the Bretton Woods Conferencewith the goal of reconstructing the international monetary system.