
Trends and Patent Filing Growth of AI in 2023
By Aarti Dhapte , 03 February, 2023
The rapidly growing power of AI is the need of the hour. The reports show companies like tech giant Tencent and search engine provider Baidu. The companies mentioned above are ahead of U.S. firm IBM, South Korea's Samsung, former AI patent leader Microsoft and Chinese insurance provider Ping An.
Recently, Microsoft has seen significant AI investments coming into reality fruitfully, as the conversational AI bot ChatGPT by Microsoft has been making waves, as the reports say. Holding more than 9,000 active patent families each, Tencent and Baidu became the most prominent AI and machine learning owners in 2021.
According to data, the global AI market was valued at $59.7 billion in 2021 and is expected to reach $422.4 billion by 2028. In 2023, AI is supposed to assimilate within th3 mainstream society. The work of patent fillings will forecast a broad vision of what AI can do precisely with new technologies and industries.
The reviews on AI FinTech patents reveal three dominant areas of AI involvement: financial services, blockchain, and cryptocurrency. Cryptocurrency includes apps focusing on mobile banking, crypto coin generation, mining, exchange, etc.
Thus, looking deep into the applications of AI technologies across different industries shows an array of developing and emerging technologies.Filings by Tech Center Over Time

Latest News

Leading technology giants Amazon, Google, and Meta have teamed up with other big energy users in a historic action at the CERAWeek 2025 energy conference in Houston to promote an ambitious initiative: doubling world nuclear power capacity by 2025…

China's refining sector showed resilience and adaptability in the first months of 2025, raising crude oil throughput by 2.1 percent over the year before. According to the National Bureau of Statistics, this increase resulted in a processing volume of…

In March 2025, Elsevier launched ScienceDirect AI, a world-renowned leader in science and health information science. This state-of-the-art generative AI tool can potentially transform the industry with its revolutionary advances in research. This…

The global electric vehicle (EV) industry has reached a pivotal milestone. The average price of lithium-ion battery packs has dropped below the USD 100 per kilowatt-hour (kWh) threshold, a benchmark long considered critical for achieving price parity…

In 2025, China will focus on self-sufficiency in high-tech industries by further integrating domestically produced semiconductor chips into the country\'s electric vehicle (EV) industry. By doing so, China aims to reduce reliance on foreign…

Team Lead - Research
Latest News




