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
The United States went through a decline in oil and gas drilling activities in 2024. Since the beginning of the year, the United States has faced many challenges in keeping up with the oil drilling process. Recently, the surveys showed that the total…
Electrification in the energy sector will ramp up in the United States in 2024. The nation aims to set up data centers and increase the production of electric vehicles, citing the green energy transition. Both activities demand a high electricity…
Renewables are in high demand in the energy market in 2024. It is due to a clean energy transition that requires a constant flow of renewables in the energy market. The green transformation to combat climate change brings about several environmental…
Companies are making significant moves towards the clean energy transition in various ways. In order to reduce carbon emissions, certain companies are investing in several rescue methods in 2024. Renewables production is growing over time as the…
Amazon is one of the leading global e-commerce platforms for consumers. The brand boosts its online shopping experience for users in multiple ways. Surveys show that Amazon regulates several business solutions to increase its products and services…
Team Lead - Research