New Delhi [India], June 24 (ANI): India has emerged as one of many prime international locations in synthetic intelligence (AI) readiness, trailing solely the U.S. and China, whereas remaining one of many world’s least concentrated fairness markets, in response to a current report by J.P. Morgan.
The report, titled ‘Semiquincententacles: The U.S. Grip on Global Markets at 250,’ highlighted India’s distinctive place in international capital markets and the evolving AI and semiconductor panorama.
Comparing stock market focus throughout international locations, the report famous that whereas the share of the ten largest corporations within the S&P 500 has risen sharply lately, India stays among the many least concentrated markets globally.
‘As lately as 2015, the ten largest U.S. shares represented simply 17% of the S&P 500’s market capitalization… Now this determine has risen to ~40%,’ the report stated.
However, it added that ‘40% focus nonetheless ranks among the many three lowest fairness focus figures on the earth; solely Japan and India have much less.’
The report additionally underscored the rising dominance of the United States in synthetic intelligence and superior computing, significantly in semiconductors and AI infrastructure.
According to the report, ‘the U.S. is probably the most vibrant and ready nation for AI, with China shut behind on some measures.’
In Stanford University’s Global AI Vibrancy Index, cited by the report, the United States ranked first, China second, and India third. The index measures international locations throughout parameters together with analysis and growth, infrastructure, schooling, coverage, governance, and financial readiness.
The report additional noticed that the United States continues to take care of a commanding place in AI-related productiveness good points and technological innovation.
‘Whether the difficulty is labor productiveness or whole issue productiveness, the U.S. leads the G10,’ it stated, including that productiveness progress within the info and data-processing sectors accelerated considerably following the launch of generative AI instruments.
On semiconductors and AI {hardware}, the report highlighted the central position of U.S. corporations within the international accelerator market. It famous that Nvidia continues to dominate AI accelerator revenues, though competitors from customized chips developed by hyperscalers comparable to Google, Amazon, Microsoft, and Meta is rising.
At the identical time, the report pointed to the speedy development of Chinese AI fashions and rising competitors from China inside the AI ecosystem.
Referring to cost-efficient AI fashions, the report stated that the ‘environment friendly frontier’ in intelligence-per-dollar is ‘dominated by China (DeepSeek, MiniMax, Xiaomi, Alibaba),’ with solely a restricted presence from U.S. fashions.
It additional famous that ‘Chinese fashions seem as triangles, U.S. fashions as circles’ in comparative assessments of AI mannequin efficiency and working prices.
The report cited the rising adoption of Chinese AI fashions by companies looking for decrease prices. It famous that ‘OpenRouter exhibits a surge in API calls to Chinese fashions’ and that, by April 2026, main Chinese open-weight fashions ‘scored inside a couple of dozen Elo factors of closed frontier fashions and price 10x-50x much less per token.’
Despite China’s progress, J.P. Morgan maintained that the United States stays the worldwide chief in AI innovation, infrastructure, and funding, whereas warning that coverage restrictions and supply-chain vulnerabilities might have an effect on its future lead.
For India, the report’s findings counsel a strengthening place in AI readiness and international market diversification. However, the nation stays far behind each the U.S. and China in general AI capabilities and semiconductor ecosystem growth. (ANI)