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Microsoft co-founder Bill Gates had called artificial intelligence (AI) only the second revolutionary tech advancement in his lifetime, the first being graphical user interface (GUI), the foundation upon which Windows was built.

In a blog post in March, he called AI development similar to other tech inventions such as microprocessors, mobile phones and internet.

In fact, this war is not only among companies but among countries too. The table below shows the dominance of China in terms of general AI-related patent applications compared to its closest peers.

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Generative AI: Order of impact across supersectorsFinancials and fintech: Improved customer experience, fraud deduction and prevention, business risk management and decision making.

Healthcare: Drug discovery and design, recruitment, optimisation of sales calls.

Industrial tech and mobility: Consumer facing and interactive applications, autonomous driving research.

Natural resources and climate tech: Help with higher resource- and asset-efficiencies

Consumer: Mass customisation and personalisation, product authenticity, facial recognition.

Real estate: Chatbots, smart buildings, generative AI adoption will increase demand for data centres.

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China leads the world in artificial intelligence; India tries catch-up - ETTelecom