• ISSN: 2010-023X (Print)
    • Abbreviated Title: Int. J. Trade, Economics and Financ.
    • Frequency: Quaterly
    • DOI: 10.18178/IJTEF
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    • Managing Editor: Ms. Shira. W. Lu

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HOME > Archive > 2024 > Volume 15 Number 4 (2024) >
IJTEF 2024 Vol.15(4): 102-111
DOI: 10.18178/ijtef.2024.15.4.777

AI Thrust: Ranking Emerging Powers for Tech Startup Investment in Latin America

Abraham Ramos Torres1 and Laura N. Montoya2
1. Central University of Venezuela, Caracas, Venezuela
2. Accel AI Institute, San Francisco, CA, USA
Email: abraham@accel.ai (A.R.T.); laura@accel.ai (L.N.M.)
*Corresponding author

Manuscript received January 17, 2024; revised March 25, 2024; accepted May 21, 2024; published October 25, 2024.

Abstract—Artificial Intelligence (AI) is rapidly transforming the global economy, and Latin America is no exception. In recent years, there has been a growing interest in AI development and implementation in the region. This paper presents a ranking of Latin American (LATAM) countries based on their potential to become emerging powers in AI. The ranking is based on three pillars: infrastructure, education, and finance. Infrastructure is measured by the availability of electricity, high-speed internet, the quality of telecommunications networks, and the availability of supercomputers. Education is measured by the quality of education and the research status. Finance is measured by the cost of investments, history of investments, economic metrics, and current implementation of AI. While Brazil, Chile, and Mexico have established themselves as major players in the AI industry in Latin America, our ranking demonstrates the new emerging powers in the region. According to the results, Argentina, Colombia, Uruguay, Costa Rica, and Ecuador are leading as new emerging powers in AI in Latin America. These countries have strong education systems, well-developed infrastructure, and growing financial resources. The ranking provides a useful tool for policymakers, investors, and businesses interested in AI development in Latin America. It can help to identify emerging LATAM countries with the greatest potential for AI growth and success.


Keywords—Artificial Intelligence (AI), investment, Latin America, ranking, education, infrastructure, finance


Cite: Abraham Ramos Torres and Laura N. Montoya, "AI Thrust: Ranking Emerging Powers for Tech Startup Investment in Latin America," International Journal of Trade, Economics and Finance, vol.15, no.4, pp. 102-111, 2024.


Copyright © 2024 by the authors. This is an open access article distributed under the Creative Commons Attribution License which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited (CC BY 4.0).



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