An Analysis of Entrepreneurial Innovation in India,China and the United States: Special Reference to Generative AI

Abstract

Entrepreneurial innovation within India, the United States and China has been significantly influenced by the advancements in generative artificial intelligence (GenAI), propelling transformation across various sectors, such as finance, healthcare and automation. The United States continues to assert its position as a global frontrunner in the realms of AI research and commercialisation, characterised by a robust private sector that nurtures pioneering innovations in large language models and AI-enabled solutions. China, supported by its state-sponsored AI ecosystem, has emerged as a formidable entity in terms of AI patent registrations and industrial applications, effectively integrating AI into manufacturing, e-commerce and smart city development initiatives. India, while still in the process of cultivating its AI-centric entrepreneurial environment, has experienced notable advancements through governmental initiatives and a burgeoning start-up ecosystem. Nonetheless, challenges pertaining to regulatory frameworks, infrastructural development and investment accessibility pose significant obstacles to the scalability of AI ventures. This investigation scrutinises the entrepreneurial ramifications of GenAI within these three economies, emphasising policy frameworks, market dynamics and innovation ecosystems.