Artificial Intelligence (AI) is no longer a buzzword for a distant future. It’s increasingly becoming part of just about every sector. Start-ups and established companies alike are charging ahead with AI patents all around the world, and it looks set to continue increasing.
Data at the start of 2018 showed that innovative disruptors intensified their efforts to gain IP rights for all kinds of technological developments, ranging from blockchain platforms to AI. In particular, the increase in patents awarded for machine learning technology increased dramatically, according to a survey by IFI Claims Patent Services. Data shows the patent category that includes neural networks, AI and machine learning grew by 34% annually between 2013 and 2018.