Africa’s AI Startups Miss Out On AI Gold Rush With
- Less than 1% of global AI investment is flowing into Africa.
- Africa grapples with a dearth of accessible data and limited cloud infrastructure.
- Only a handful of African countries have formulated AI strategies.
The AI funding gap in Africa is a significant concern. Despite the continent's immense potential and growing recognition of AI's impact on critical societal issues, the lack of accessible data, limited infrastructure, and regulatory uncertainty hinder investment. However, with concerted efforts from governments, the private sector, and the academic community, Africa has the opportunity to bridge the gap and become a player in the global AI market.
