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#artificialintelligence 

Tech honchos in Silicon Valley are deeply worried at China's rapid progress in harnessing Artificial Intelligence (AI) technology that has shown encouraging results in changing the way we work and live. Measured by start-up financing deals and dollars from venture capitalists, the United States' AI start-up ecosystem currently dominates -- followed by China, says a recent Accenture analysis titled "Rewire for Growth". When it comes to India, the number of AI start-ups has increased since 2011 at a compounded annual growth rate of 86 per cent. But the size of funding till date is substantially smaller in India than in the US and China, reflecting the limited success of India's AI start-ups in achieving scale so far, the report noted. "According to our analysis, AI has the potential to add $957 billion, or 15 per cent of current gross value added, to India's economy in 2035," said Accenture.