• About Us
  • Privacy Policy
  • Disclaimers
  • Terms and Conditions
  • Contact Us
  • DMCA Policy
Tech Chilli
  • News
  • AI
  • Fintech
  • Crypto
  • AI India
  • Robotics
  • Courses
  • How-To
  • Puzzles
  • Gaming
  • Contact Us
No Result
View All Result
  • News
  • AI
  • Fintech
  • Crypto
  • AI India
  • Robotics
  • Courses
  • How-To
  • Puzzles
  • Gaming
  • Contact Us
No Result
View All Result
Tech Chilli
No Result
View All Result

Home » News » Small Island Nation Surpasses US in AI Startups Per Capita

Small Island Nation Surpasses US in AI Startups Per Capita

Malta could be the next AI hub; it's a small Mediterranean island that draws high-end travelers. AI is being used to enhance education, automate tasks, and resolve traffic problems. With 56 firms already operating there, Malta hopes to become a powerhouse for artificial intelligence by 2030.

Kumud Sahni Pruthi by Kumud Sahni Pruthi
Sunday, 26 May 2024, 23:17 PM
in News
Malta: Valletta evening skyline. Picture: INTERPIXELS / Shutterstock

Malta: Valletta evening skyline. Picture: INTERPIXELS / Shutterstock

There are other hotspots in the AI revolution outside Silicon Valley. Malta, a tiny island in the Mediterranean, is making significant technological investments. 

Artificial Intelligence is becoming more and more popular among businesses, educational institutions, and government agencies as a way to automate tasks, improve education, and even alleviate traffic during rush hour.

Even though the nation is home to just over 500,000 people, startup tracker Tracxn Technologies reports that 56 AI businesses have already emerged there. That works out to be one company for every 9,500 people. 

Also Read: AI City in Hyderabad will be built on 200 acres near the ORR

In the meantime, according to Tracxn, there are about 24,000 AI companies in the United States, a country with a population of over 330 million. or one for almost every 14,000 locals.

The nation has long been known as a popular destination for affluent travellers. The second most sought-after foreign passport program for Americans last year was its “golden passport,” which grants wealthy foreigners citizenship in exchange for investing a set amount of money in the nation.

It also began investing extensively in AI before ChatGPT started the AI arms race. Malta declared its intention to become the “Ultimate AI Launchpad” by 2030 in 2019. 

The objective was to create in Malta “a place in which local and foreign companies and entrepreneurs can develop, prototype, test, and scale AI, and ultimately showcase the value of their innovations across an entire nation primed for adoption.” Artificial intelligence is the “springboard from Malta to the world.”

Also Read: Top 50+ Sam Altman Quotes on AI for Great Products and Future Technology

Between the pandemic and a change in the political leadership, their efforts came to a standstill. Malta is currently developing a new AI strategy under the EU’s AI Act, the region’s comprehensive AI regulation that prohibits inappropriate use cases, according to Bloomberg.

The goal of this reinvigorated effort is to employ the technology safely. For example, they are creating programs to fight the loss of jobs and ethical standards.

AI professor Alexiei Dingli, who is in charge of Malta’s initiatives, such as the traffic jam project, told Bloomberg that “foresight in recognizing the importance of AI has given Malta a head start in the field of AI, and it continues to be a leader in the industry today.”

Top 15 Countries with the Most AI Startups [2024]

Previous Post

AI City in Hyderabad will be built on 200 acres near the ORR

Next Post

What is Deep Learning (DL)? Definition, Its Type, and How Does it Work?

Kumud Sahni Pruthi

Kumud Sahni Pruthi

A postgraduate in Science with an inclination towards education and technology. She always looks for ways to help people improve their lives by putting complex things into simple words through her writing.

Next Post
Deep Learning

What is Deep Learning (DL)? Definition, Its Type, and How Does it Work?

  • Trending
  • Comments
  • Latest
top Yield Farming Platforms

Top 13 Yield Farming Platforms in 2025: Maximize APY with Secure and Trusted Crypto Tools

April 17, 2025
scott wu net worth

Scott Wu Net Worth: Devin AI Software Engineer, CEO of Cognition Labs

April 17, 2025
Artificial Intelligence (AI) Glossary and Terminologies

Artificial Intelligence (AI) Glossary and Terminologies – Complete Cheat Sheet List

April 18, 2025
TurbolearnAI

Turbolearn AI: How to Use It for FREE, Features and Pricing Models

April 3, 2025
What is Blockchain Technology

What is Blockchain Technology And How Does It Work?

Enterprise AI

What is Enterprise AI? Meaning, Companies, Examples and More Details

Cosine Genie AI Software Engineer

What is Cosine Genie and How to Use? Check Benchmark, Functions, and Access Details

PhonePe Leads UPI Market in August 2024, Claims 50% Share by Value and 48% by Volume

PhonePe Partners with Liquid Group to Bring UPI Payments to Singapore for Indian Travelers

Perplexity AI voice assistant

Perplexity AI Voice Assistant: How to Use and Benefits for iOS and Android Phones

May 10, 2025
Meta AI App

Meta AI App: How to Download? Check Its Key Features and Benefits

May 10, 2025
AI in US education

AI in U.S. Education for American Youth by President DONALD TRUMP

May 10, 2025
Google is moving Android news to a virtual event before I/O

Google is moving Android news to a virtual event before I/O

April 29, 2025

Recent News

Perplexity AI voice assistant

Perplexity AI Voice Assistant: How to Use and Benefits for iOS and Android Phones

May 10, 2025
Meta AI App

Meta AI App: How to Download? Check Its Key Features and Benefits

May 10, 2025
AI in US education

AI in U.S. Education for American Youth by President DONALD TRUMP

May 10, 2025
Google is moving Android news to a virtual event before I/O

Google is moving Android news to a virtual event before I/O

April 29, 2025

Trending in AI

  • Perplexity CEO Net Worth
  • Grammarly AI Detection
  • What is LangChain
  • Canva AI Tool
  • Koupon AI
Tech Chilli

Tech Chilli is a beacon of knowledge, a relentless purveyor of the latest information, news, and groundbreaking research in the realm of cutting-edge technology.

We are dedicated to curating and delivering the most relevant, accurate, and up-to-the-minute information on the technologies that are shaping our world.
Contact us – [email protected]

Follow Us

Browse by Category

  • AI
  • AI India
  • Courses
  • Crypto
  • Featured
  • FinTech
  • Gaming
  • How-To
  • News
  • Puzzles
  • Robotics

Top Searches

  • Scott Wu Net Worth
  • Mira Murati Net Worth
  • Online Games for Couples
  • Amazon Q vs Microsoft Copilot
  • DarkGPT

Recent News

Perplexity AI voice assistant

Perplexity AI Voice Assistant: How to Use and Benefits for iOS and Android Phones

May 10, 2025
Meta AI App

Meta AI App: How to Download? Check Its Key Features and Benefits

May 10, 2025
AI in US education

AI in U.S. Education for American Youth by President DONALD TRUMP

May 10, 2025
Google is moving Android news to a virtual event before I/O

Google is moving Android news to a virtual event before I/O

April 29, 2025
  • About Us
  • Privacy Policy
  • Disclaimers
  • Terms and Conditions
  • Contact Us
  • DMCA Policy

© 2024 Tech Chilli

No Result
View All Result
  • News
  • AI
  • Fintech
  • Crypto
  • AI India
  • Robotics
  • Courses
  • How-To
  • Puzzles
  • Gaming
  • Contact Us

© 2024 Tech Chilli

We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.OK